Research

Papers downloadable from Ideas/Repec
Papers downloadable from SSRN

Choice of Collateral Asset and the Cross-Border Effect of Automatic Stays ( 2016 )

C. Kahn and H. Fujiki, Bank of Japan IMES Discussion Paper 2016-E-8/Economics available at http://www.imes.boj.or.jp/research/abstracts/english/16-E-08.html

Liquidity Freezes under Adverse Selection. ( 2016 )

C. Kahn and J. Jorge, avaiable at href=http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2419170.

Governance through Threat of Voice and Threat of Exit ( 2015 )

S. Fos and C. Kahn, available at SSRN: http://ssrn.com/abstract=2527710

Time Consistency in Bank Regulation: Leverage and Bailout ( 2015 )

C. Kahn and J. Santos

Collateral, Rehypothecation, and Efficiency, ( 2015 )

Kahn. C., and H. Park, latest version 2017 available at http://ssrn.com/abstract=2992797

Law as a constraint on the 'lender of last resort': Central bank liquidity support for central counterparties ( 2015 )

V. France, C. Kahn, and R. Steigerwald

Sources of Liquidity and Liquidity Shortages ( 2011 )

C. Kahn and W. Wagner, latest version 2017 available at SSRN: http://ssrn.com/abstract=1570504 or http://dx.doi.org/10.2139/ssrn.1570504

Systemic Risk and Optimal Regulatory Architecture ( 2011 )

M. Espinosa-Vega, C. Kahn, R. Matta and J. Solé, IMF working paper 11/193

Toward Time-Consistency in Bank Regulation ( 2011 )

C. Kahn, Presentation in special session on Financial Regulation, Royal Economic Society Annual Conference, 2011, University of London, Royal Holloway

Collateral Policy in a World of Round-the-Clock Payment ( 2009 )

C. Kahn, University of Illinois College of Business working paper 10-0100

A theory of transactions privacy ( 2000 )

C. Kahn, J. McAndrews and W.Roberds, Federal Reserve Bank of Atlanta working paper 2000-22

Coalition Proof Equilibrium in an Adverse Selection Insurance Economy ( 1995 )

C. Kahn, D. Mookherjee (unpublished addendum to 1995 publication)

On the efficiency of cash settlement ( 1995 )

C. Kahn and W. Roberds, Federal Reserve Bank of Atlanta working paper 1995-11

Universal Coalition-Proof Equilibrium: Concepts and Applications ( 1993 )

B. Chakravorti and C. Kahn 1993. Bell Communications, Economic Research Group papers 98.

The Role of Demandable Debt in Structuring Optimal Banking Arrangements ( 1989 )

(original version, including unpublished appendix)

C. Calomiris and C. Kahn, 1989, BEBR Faculty Working Paper 89-1541, University of Illinois.

Are there Social Spillovers in Consumers’ Security Assessments of Payment Instruments? ( 2017 )

C. Kahn,J. Liñares-Zegarra, and J. Stavins, Journal of Financial Services Research, pp. 1-30.

Law as a constraint on bailouts: Emergency support for central counterparties. ( 2016 )

V. France, and C. Kahn, Journal of Financial Intermediation, Vol. 28, pp. 22-31.

Collateral chains and Incentives. ( 2016 )

C. Kahn, and H. Park, Journal of Financial Market Infrastructures, Vol. 5, No. 1, pp. 1-16.

Comment on “Bailouts, moral hazard, and banks' home bias for sovereign debt” by Gaetano Gaballo and Ariel Zetlin-Jones. ( 2016 )

C. Kahn, Carnegie Rochester NYU Conference on Public Policy Journal of Monetary Economics, Forthcoming.

The Regulatory Challenge of Non-Bank Payment Institutions, and the Response of PSD2. ( 2016 )

C. Kahn, (in Spanish) "El reto de regular las entidades de pago no bancarias: la respuesta de la Directiva PSD2", Papeles de Economia Española pp. 21-49. English conference version.

Payment Systems in the US and Europe: Efficiency, Soundness and Challenges. ( 2016 )

C. Kahn, and S. Carbo-Valverde, Financial Stability Journal (Bank of Spain) May, 2016, pp. 11-33.

Identity Theft and Consumer Payment Choice: Does Security Really Matter? ( 2015 )

C. Kahn and J. Liñares-Zegarra, Journal of Financial Services Research. Working paper available at SSRN: http://ssrn.com/abstract=2005694

Repos, Fire Sales, and Bankruptcy Policy. ( 2015 )

G. Antinolfi, F. Carapella, C. Kahn, A. Martin, D. Mills, and E. Nosal, Review of Economic Dynamics vol. 18(1), pages 21-31, January 2015. DOI: 10.1016/j.red.2014.06.002,

Private Payment Systems, Collateral, and Interest Rates. ( 2013 )

C. Kahn, Annals of Finance, vol. 9, number 1, pp. 83-114.

Comment on 'Precautionary Demand and Liquidity in Payment Systems' by Afonso and Shin. ( 2011 )

C. Kahn, Journal of Money, Credit, and Banking, Vol. 43, Supplement s2, October, 2011, pp. 621-623.

Why Pay? An Introduction to Payments Economics. ( 2009 )

C. Kahn, W. Roberds, Journal of Financial Intermediation, (18) January: 1-23 2009

Payments Settlement: Tiering in Private and Public Systems. ( 2009 )

C. Kahn, W. Roberds, Journal of Money, Credit, and Banking, (41) August: 5 855-884 2009

Credit and Identity Theft. ( 2008 )

C. Kahn, W. Roberds, Journal of Monetary Economics, (55) March: 251-264 2008

Transferability, Finality and Debt Settlement. ( 2007 )

C. Kahn, W. Roberds, Journal of Monetary Economics, (54) May: 4 955-978 2007

Comment on 'Who Should Act As Lender of Last Resort? An Incomplete Contracts Model' by Repullo. ( 2006 )

C. Kahn, J. Santos, Journal of Money, Credit, and Banking, (38) June: 4 1111-1118 2006

Bank Consolidation and the Dynamics of Consumer Loan Interest Rates. ( 2005 )

C. Kahn, G. Pennacchi, B. Sopranzetti, Journal of Business, (78) January: 1, Part 2 99-133 2005

Low Revenue Equilibria in Simultaneous Ascending Price Auctions. ( 2005 )

R. Engelbrecht-Wiggans, C. Kahn, Management Science, (51) March: 3 356-371 2005

Money Is Privacy. ( 2005 )

C. Kahn, J. McAndrews, W. Roberds, International Economic Review, (46) May: 2 377-399 2005

Allocating Bank Regulatory Power: Lender of Last Resort, Deposit Insurance and Supervision. ( 2005 )

C. Kahn, J. Santos, European Economic Review, (49) 8 2107-2136 2005

Comment on 'Competition and Financial Stability' by Allen and Gale. ( 2004 )

C. Kahn, Journal of Money, Credit, and Banking, (36) June: 3; part 2 2004

Moral Hazard and Optimal Subsidiary Structure for Financial Institutions. ( 2004 )

C. Kahn, A. Winton, Journal of Finance, (59) December: 6 2531-2575 2004

Settlement Risk under Gross and Net Settlement. ( 2003 )

C. Kahn, W. Roberds, J. McAndrews, Journal of Money, Credit, and Banking, (35) August: 4 591-608 2003

The Economics of Payment Finality. ( 2002 )

C. Kahn, W. Roberds, Federal Reserve Bank of Atlanta Economic Review, (87) 30-39 2002

Multiunit Auctions in Which Almost Every Bid Wins. ( 2002 )

R. Engelbrecht-Wiggans, C. Kahn, Southern Economic Journal, (68) January: 3 617-31 2002

Performance-Based Wages in Tax Collection: The Brazilian Tax Collection Reform and Its Effects. ( 2001 )

C. Kahn, E. Silva, J. Ziliak, Economic Journal, (111) January: 468 188-205 2001

Real Time Gross Settlement and the Costs of Immediacy. ( 2001 )

C. Kahn, W. Roberds, Journal of Monetary Economics, (47) April: 2 299-319 2001

Economic Functions of Referrals and Referral Fees. ( 2001 )

P. Colwell, C. Kahn, Journal of Real Estate Finance and Economics, (23) November: 3 267-296 2001

The Design of Wholesale Payments Networks: The Importance of Incentives. ( 1999 )

C. Kahn, W. Roberds, Federal Reserve Bank of Atlanta Economic Review, Summer: 30-39 1999

Strategic Transmission of Information and Short-Term Commitment. ( 1999 )

C. Kahn, T. Tsoulouhas, Economic Theory, (14) July: 1 131-153 1999

Bank Deposit Rate Clustering: Theory and Empirical Evidence. ( 1999 )

C. Kahn, G. Pennacchi, B. Sopranzetti, Journal of Finance, (54) December: 6 2185-2214 1999

Calibration of a Model of the Afternoon Effect in Cattle Auctions. ( 1999 )

R. Engelbrecht-Wiggans, C. Kahn, Quarterly Review of Economics and Finance, (39) Spring: 1 113-128 1999

Demandable Debt as a Means of Payment: Bank Notes vs. Checks. ( 1999 )

C. Kahn, W. Roberds, Journal of Money, Credit, and Banking, (31) August: 3; part 2 500-525 1999

Uniform-Price Auctions with Variable Awards. ( 1998 )

R. Engelbrecht-Wiggans, C. Kahn, Games and Economics Behavior, (23) April: 1 25-42 1998

Competition and Incentives with Nonexclusive Contracts. ( 1998 )

C. Kahn, D. Mookherjee, Rand Journal of Economics, (29) Fall: 3 443-465 1998

Multi-Unit Auctions with Uniform Prices. ( 1998 )

R. Engelbrecht-Wiggans, C. Kahn, Economic Theory, (12) September: 2 227-258 1998

Ownership Structure, Speculation and Shareholder Information. ( 1998 )

C. Kahn, A. Winton, Journal of Finance, (53) February: 1 99-130 1998

Payment System Settlement and Bank Incentives. ( 1998 )

C. Kahn, W. Roberds, Review of Financial Studies, (11) Winter: 4 845-870 1998

One-Stop Shopping for Settlement Services: RESPA, Referral Fees, and Consumer Reaction. ( 1998 )

C. Kahn, Illinois Real Estate Letter, Summer: 1998

Multi-Unit Pay-Your-Bid Auctions with Variable Awards. ( 1998 )

C. Kahn, Games and Economics Behavior, (23) 25-42 1998

The Efficiency of Self Regulated Payments Systems: Leaming from the Suffolk System. ( 1996 )

C. Calomiris, C. Kahn, Journal of Money, Credit, and Banking, (28) November: 4 766-797 1996

Coalition Proof Equilibrium in an Adverse Selection Insurance Economy. ( 1995 )

C. Kahn, D. Mookherjee, Journal of Economic Theory, (66) June: 1 113-138 1995

Market Failure with Moral Hazard and Side Trading. ( 1995 )

C. Kahn, D. Mookherjee, Journal of Public Economics, (58) October: 2 159-184 1995

Housing-Finance Intervention and Private Incentives: Helping Minorities and the Poor. ( 1994 )

C. Calomiris, C. Kahn, S. Longhofer, Journal of Money, Credit, and Banking, (26) August: 3 634-674 1994

The Economic Role of Foreclosures. ( 1994 )

C. Kahn, A. Yavas, Journal of Real Estate Finance and Economics, (8) January: 1 35-51 1994

Introducing Work Rules into Models of Wage-Employment Contracts. ( 1993 )

C. Kahn, P. Reagan, Quarterly Review of Economics and Finance, (33) Fall: 3 217-231 1993

Non Existence and Inefficiency of Equilibria with American Options and Convertible Bonds. ( 1993 )

C. Kahn, S. Krasa, Economic Theory, (3) 1 1993

An Equilibrium Model of Quits Under Optimal Contracting. ( 1993 )

C. Kahn, S. Longhofer, European Economic Review, (37) August: 6 1203-1222 1993

Exclusion and Moral Hazard: The Case of Identical Demand. ( 1993 )

C. Kahn, E. Silva, Journal of Public Economics, (52) September: 2 217-235 1993

The Existence and Characterization of Optimal Contracts on a Continuous State Space. ( 1993 )

C. Kahn, Journal of Economic Theory, (59) February: 122-144 1993

The Good, the Bad and the Ugly: Coalition-Proof Equilibrium in Infinite Games. ( 1992 )

C. Kahn, Games and Economics Behavior, 101-121 1992

Protecting the Winner: Second-Price Versus Oral Auctions. ( 1991 )

R. Englebrecht-Wiggans, C. Kahn, Economics Letters, (35) 243-248 1991

The Role of Demandable Debt in Structuring Optimal Banking Arrangements. ( 1991 )

C. Calomiris, C. Kahn, The American Economic Review, (81) June: 497-513 1991

The Economic Role of Foreclosure Rules. ( 1991 )

C. Kahn, Illinois Real Estate Letter, Summer: 8-11 1991

Cooperative Arrangements for the Regulation of Banking by Banks. ( 1990 )

C. Calomiris, C. Kahn, Ill. Business Review, Fall: 1990

Default, Foreclosure and Strategic Renegotiation. ( 1989 )

C. Kahn, G. Huberman, Law and Contemporary Problems, (52) Winter: 49-61 1989

The Use of Complicated Models as Explanations: A Re-examination of Williamson's Late 19th Century America. ( 1988 )

C. Kahn, Research in Economic History, (11) 185-216 1988

Limited Contract Enforcement and Strategic Renegotiation. ( 1988 )

G. Huberman, C. Kahn, The American Economic Review, (78) June: 3 471-484 1988

Two-Sided Uncertainty and Up-or-Out Contracts. ( 1988 )

C. Kahn, G. Huberman, Journal of Labor Economics, (6) October: 423-443 1988

A Competitive Efficiency Wage Model with Keynesian Features. ( 1988 )

C. Kahn, D. Mookherjee, Quarterly Journal of Economics, (103) November: 609-645 1988

Strategic Renegotiation. ( 1988 )

G. Huberman, C. Kahn, Economics Letters, (28) December: 117-121 1988

Erratum: The Durable Goods Monopolist and Consistency with Increasing Costs. ( 1988 )

C. Kahn, D. Malueg, J. Solow, Econometrica, (56) March: 754 1988

The Durable Goods Monopolist and Consistency with Increasing Costs. ( 1986 )

C. Kahn, Econometrica, (54) March: 2 275-294 1986

Optimal Employment Contracts with Bankruptcy Constraints. ( 1985 )

C. Kahn, J. Scheinkman, Journal of Economic Theory, (35) April: 2 343-365 1985

Optimal Severance Pay with Incomplete Information. ( 1985 )

C. Kahn, Journal of Political Economy, (93) June: 3 435-451 1985

Wage-Employment Contracts. ( 1983 )

J. Green, C. Kahn, Quarterly Journal of Economics, (98) Supplement: 173-187 1983

The Solution of Linear Difference Models Under Rational Expectations. ( 1980 )

O. Blanchard, C. Kahn, Econometrica, (48) July: 1305-1311 1980

Central Banks and Payment Systems: The Evolving Trade-off between Cost and Risk. ( 2016 )

C. Kahn, S. Quinn and W. Roberds, in Central Banks at a Crossroads: What Can We Learn from History? (Eds: M. Bordo, Ø. Eitrheim, M. Flandreau and J. F. Qvigstad), Cambridge University Press: Cambridge, pp 563-609. Conference version available at http://www.norges-bank.no/pages/100044/10_Kahn_Quinn_Roberds2014.pdf

Clearing House Interbank Payments System (CHIPS). ( 2012 )

C. Kahn and W. Roberds, in Wiley-Blackwell Encyclopedia of Globalization, (Eds: Ritzer, George), John Wiley & Sons: England, 2012

Some Implications of Systemic Risk and the Design of Regulatory Architecture. ( 2011 )

Espinosa-Vega, M., Sole, J., Kahn, C., Matta, R., in Macrorudential Regulatory Policies: The New Road to Financial Stability (Eds: S. Claessens, D. D. Evanoff, G.G. Kaufman and L. Kodres) World Scientific Publishing Co.

Institutional Allocation of Bank Regulation: A Review. ( 2007 )

C. Kahn, J. Santos, inThe Structure of Financial Regulation, (Eds: Mayes, D.G., and G.E. Wood), Routledge: New York, 2007 pp. 185-204

Allocating Lending of Last Resort and Supervision in the Euro Area. ( 2004 )

C. Kahn, J. Santos, in Monetary Unions and Hard Pegs: Effects on Trade, Financial Development and Stability, (Eds: George M. von Furstenberg, Volbert Alexander, and Jacques Melitz), Oxford University Press: Oxford, 2004

Modeling of Choices with Uncertain Preferences. ( 1994 )

C. Kahn, in Health Values for Policy: An Economic Approach, (Eds: George Tolley, Donald Kenkel and Robert Fabian), The University of Chicago Press: Chicago, 1994

An Agency Theory Approach to Slave Incentives. ( 1992 )

C. Kahn, in Without Consent or Contract: Technical Papers on Slavery, (Eds: Robert Fogel and Stanley Engerman), W. W. Norton and Company: New York, 1992 pp. 551-565

A Linear Programming Solution to the Slave Diet. ( 1992 )

C. Kahn, in Without Consent or Contract: Technical Papers on Slavery, (Eds: Robert Fogel and Stanley Engerman), W. W. Norton and Company: New York, 1992 pp. 522-535

Evolution of money and payment systems: private versus public institutions and the role of collateral (2015)

C. Kahn, in Money and Monetary Institutions after the Crisis: Proceedings of the Conference in Memory of Curzio Giannini Rome, 10 December 2013, (Eds: Pietro Catte, Andrea Gerali, Franco Passacantando) Rome: Bank of Italy 2015.

The CLS Bank: A Solution to the Risks of International Payments Settlement? ( 2001 )

C. Kahn, W. Roberds, Carnegie-Rochester Conference Series on Public Policy, June, 2001, Vol. 54: 191-226 2001

Semi-Stability in Game Theory: A Survey of Ugliness. ( 1992 )

C. Kahn, C. Asilis, In Papers in Game Theory and Economic Applications: Procedings of An International Conference Held at the Indian Statistical Institute, (Eds: B. Dutta et al.), Springer-Verlag: Berlin-Heidelberg, 1992

Demandable Debt as the Optimal Banking Contract. ( 1988 )

C. Calomiris, C. Kahn, Garn Institute of Finance Symposium on Federal Insurance, August, 1988, pp. 35-43.

Low blood lead level effects on intelligence: Can a dose-response curve be determined from the epidemiological data?

Banner, W. and Kahn, C., Clinical Toxicology (Phila), Feb, 52(2):113-7, 2014

Effective Oversight of Payment and Settlement Systems: Maintaining financial plumbing

Kahn, C., Editor, Henry Stewart Talks Series, 2010.

Review of Roger Bowden's 'Statistical Games and Human Affairs'

Kahn, C., Journal of Economic Literature, Vol 28, September, 1990, pp. 1213-1215.