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Cited by 365

The DOI matches its Crossref record; 23 of the 23 references it cites were found in a registry or an index.

Banks as Secret Keepers

Open access
Dang, Tri Vi, Gorton, Gary, Holmström, Bengt, Ordoñez, Guillermo·2017·American Economic Review
DOI 10.1257/aer.20140782
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Abstract

Banks produce short-term debt for transactions and storing value. The value of this debt must not vary over time so agents can easily trade it at par like money. To produce money-like safe liquidity, banks keep detailed information about their loans secret, reducing liquidity if needed to prevent agents from producing costly private information about the banks' loans. Capital markets involve information revelation, so they produce risky liquidity. The trade-off between less safe liquidity and more risky liquidity determines which firms choose to fund projects through banks and which ones through capital markets. (JEL D92, E51, G21, G31, G32)

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Crossref · 10.1257/aer.20140782

Cites

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Metadata

Authors
Dang, T. V., Gorton, G., Holmström, B., & Ordoñez, G.
Venue
American Economic Review
Publisher
American Economic Association
Published
2017-04-01
Volume
107
Issue
4
Pages
1005-1029
ISSN
0002-8282 (ISSN-L)
DOI
10.1257/aer.20140782
OpenAlex
W3122771827
Cited by
365
References
23
FWCI
42.69
Type
journal article
Language
en
Open access
green

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CoChat. (2026). Citation check: Banks as Secret Keepers. https://app.cochat.ai/papers/10.1257/aer.20140782
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Dang, T. V., Gorton, G., Holmström, B., & Ordoñez, G. (2017). Banks as Secret Keepers. American Economic Review. https://doi.org/10.1257/aer.20140782

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

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