Capital forbearance in the bank recovery and resolution game

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Michael C. Jensen, William H. Meckling · Journal of Financial Economics · 1976 · 70.7K citations

Management, Business Economics, Corporate Governance +16

Determinants of corporate borrowing

Stewart C. Myers · Journal of Financial Economics · 1977 · 13.4K citations

Management, Business Economics, Economics +12

Rules Rather than Discretion: The Inconsistency of Optimal Plans

Finn E. Kydland, Edward C. Prescott · Journal of Political Economy · 1977 · 7.9K citations

Social Sciences, Economics, Public Policy +15

Rules, discretion and reputation in a model of monetary policy

Robert J. Barro, D. Benjamin Gordon · Journal of Monetary Economics · 1983 · 3.6K citations

Social Sciences, Economics, Macroeconomics +16

An analytic derivation of the cost of deposit insurance and loan guarantees An application of modern option pricing theory

Robert C. Merton · Journal of Banking & Finance · 1977 · 1.9K citations

Business, Economics, Finance +15