2012 Working Paper Series

Our working paper series is Library of Congress
ISSN 1936-9344

Click on the title to see the abstract. Click on the icon to download the entire paper. (You will need the free Acrobat Reader from Adobe).

#12-01
Financing Firms in India
Franklin Allen, Rajesh Chakrabarti, Sankar De, Jun Qian and Meijun Qian, December 2011
An older version of this paper appears as #06-08
This version is forthcoming in the Journal of Financial Interemediation

#12-02
Government Interventions - Restoring or Destructing Financial Stability in the Long-Run?
Aneta Hryckiewicz, January 2012

#12-03
The IPO of Industrial and Commercial Bank of China and the ‘Chinese Model’ of Privatizing Large Financial Institutions
Franklin Allen, Jun "QJ" Qian, Susan Chenyu Shan and Mengxin Zhao, January 2012
This is an updated version of #11-63

#12-04
Target-Date Funds in 401(k) Retirement Plans
Olivia S. Mitchell and Stephen P. Utkus, March 2012

#12-05
Financial Intermediation, Markets, and Alternative Financial Sectors
Franklin Allen, Elena Carletti, Jun "QJ" Qian and Patricio Valenzuela, March 2012

#12-06
Just How Big Is the Too Big to Fail Problem?
James R. Barth, Apanard (Penny) Prabha and Phillip Swagel, March 2012

#12-07
Resolving the African Financial Development Gap: Cross-Country Comparisons and a Within-Country Study of Kenya
Franklin Allen, Elena Carletti, Robert Cull, Jun Qian, Lemma Senbet and Patricio Valenzuela, April 2012
Forthcoming in NBER Volume on African Economic Successes, edited by S. Edwards, S. Johnson and D. Weil

#12-08
Stress Testing Banks
Til Schuermann, April 2012

#12-09
A Markov-Switching Multi-Fractal Inter-Trade Duration Model, with Application to U.S. Equities
Fei Chen, Francis X. Diebold and Frank Schorfheide, May 2012