Research
Journal Articles
"Private Payment Systems, Collateral, and Interest Rates."
C. Kahn,
Annals of Finance,
(9)
1
83-114
2013
"Why Pay? An Introduction to Payments Economics."
C. Kahn,
W. Roberds,
Journal of Financial Intermediation,
(18)
January:
1-23
2009
"Payments Settlement: Tiering in Private and Public Systems."
C. Kahn,
W. Roberds,
Journal of Money, Credit, and Banking,
(41)
August:
5
855-884
2009
"Credit and Identity Theft."
C. Kahn,
W. Roberds,
Journal of Monetary Economics,
(55)
March:
251-264
2008
"Transferability, Finality and Debt Settlement."
C. Kahn,
W. Roberds,
Journal of Monetary Economics,
(54)
May:
4
955-978
2007
"Bank Consolidation and the Dynamics of Consumer Loan Interest Rates."
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."
R. Engelbrecht-Wiggans,
C. Kahn,
Management Science,
(51)
March:
3
356-371
2005
"Money Is Privacy."
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."
C. Kahn,
J. Santos,
European Economic Review,
[WorkingPaper.pdf]
(49)
8
2107-2136
2005
"Comment on 'Competition and Financial Stability' by Allen and Gale."
C. Kahn,
Journal of Money, Credit, and Banking,
(36)
June:
3; part 2
2004
"Moral Hazard and Optimal Subsidiary Structure for Financial Institutions."
C. Kahn,
A. Winton,
Journal of Finance,
(59)
December:
6
2531-2575
2004
"Settlement Risk under Gross and Net Settlement."
C. Kahn,
W. Roberds,
J. McAndrews,
Journal of Money, Credit, and Banking,
(35)
August:
4
591-608
2003
"The Economics of Payment Finality."
C. Kahn,
W. Roberds,
Federal Reserve Bank of Atlanta Economic Review,
(87)
30-39
2002
"Performance-Based Wages in Tax Collection: The Brazilian Tax Collection Reform and Its Effects."
C. Kahn,
E. Silva,
J. Ziliak,
Economic Journal,
(111)
January:
468
188-205
2001
"Real Time Gross Settlement and the Costs of Immediacy."
C. Kahn,
W. Roberds,
Journal of Monetary Economics,
(47)
April:
2
299-319
2001
"Economic Functions of Referrals and Referral Fees."
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."
C. Kahn,
W. Roberds,
Federal Reserve Bank of Atlanta Economic Review,
Summer:
30-39
1999
"Strategic Transmission of Information and Short-Term Commitment."
C. Kahn,
T. Tsoulouhas,
Economic Theory,
(14)
July:
1
131-153
1999
"Bank Deposit Rate Clustering: Theory and Empirical Evidence."
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."
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."
C. Kahn,
W. Roberds,
Journal of Money, Credit, and Banking,
(31)
August:
3; part 2
500-525
1999
"Competition and Incentives with Nonexclusive Contracts."
C. Kahn,
D. Mookherjee,
Rand Journal of Economics,
(29)
Fall:
3
443-465
1998
"Ownership Structure, Speculation and Shareholder Information."
C. Kahn,
A. Winton,
Journal of Finance,
(53)
February:
1
99-130
1998
"Payment System Settlement and Bank Incentives."
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."
C. Kahn,
Illinois Real Estate Letter,
Summer:
1998
"Multi-Unit Pay-Your-Bid Auctions with Variable Awards."
C. Kahn,
Games and Economics Behavior,
(23)
25-42
1998
"The Efficiency of Self Regulated Payments Systems: Leaming from the Suffolk System."
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."
C. Kahn,
D. Mookherjee,
Journal of Economic Theory,
(66)
June:
1
113-138
1995
"Market Failure with Moral Hazard and Side Trading."
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."
C. Calomiris,
C. Kahn,
S. Longhofer,
Journal of Money, Credit, and Banking,
(26)
August:
3
634-674
1994
"The Economic Role of Foreclosures."
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."
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."
C. Kahn,
S. Krasa,
Economic Theory,
(3)
1
1993
"An Equilibrium Model of Quits Under Optimal Contracting."
C. Kahn,
S. Longhofer,
European Economic Review,
(37)
August:
6
1203-1222
1993
"Exclusion and Moral Hazard: The Case of Identical Demand."
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."
C. Kahn,
Journal of Economic Theory,
(59)
February:
122-144
1993
"The Good, the Bad and the Ugly: Coalition-Proof Equilibrium in Infinite Games."
C. Kahn,
Games and Economics Behavior,
101-121
1992
"Protecting the Winner: Second-Price Versus Oral Auctions."
R. Englebrecht-Wiggans,
C. Kahn,
Economics Letters,
(35)
243-248
1991
"The Role of Demandable Debt in Structuring Optimal Banking Arrangements."
C. Calomiris,
C. Kahn,
The American Economic Review,
(81)
June:
497-513
1991
"The Economic Role of Foreclosure Rules."
C. Kahn,
Illinois Real Estate Letter,
Summer:
8-11
1991
"Cooperative Arrangements for the Regulation of Banking by Banks."
C. Calomiris,
C. Kahn,
Ill. Business Review,
Fall:
1990
"Default, Foreclosure and Strategic Renegotiation."
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."
C. Kahn,
Research in Economic History,
(11)
185-216
1988
"Limited Contract Enforcement and Strategic Renegotiation."
G. Huberman,
C. Kahn,
The American Economic Review,
(78)
June:
3
471-484
1988
"Two-Sided Uncertainty and Up-or-Out Contracts."
C. Kahn,
G. Huberman,
Journal of Labor Economics,
(6)
October:
423-443
1988
"A Competitive Efficiency Wage Model with Keynesian Features."
C. Kahn,
D. Mookherjee,
Quarterly Journal of Economics,
(103)
November:
609-645
1988
"Strategic Renegotiation."
G. Huberman,
C. Kahn,
Economics Letters,
(28)
December:
117-121
1988
"Erratum: The Durable Goods Monopolist and Consistency with Increasing Costs."
C. Kahn,
D. Malueg,
J. Solow,
Econometrica,
(56)
March:
754
1988
"The Durable Goods Monopolist and Consistency with Increasing Costs."
C. Kahn,
Econometrica,
(54)
March:
2
275-294
1986
"Optimal Employment Contracts with Bankruptcy Constraints."
C. Kahn,
J. Scheinkman,
Journal of Economic Theory,
(35)
April:
2
343-365
1985
"Optimal Severance Pay with Incomplete Information."
C. Kahn,
Journal of Political Economy,
(93)
June:
3
435-451
1985
"Wage-Employment Contracts."
J. Green,
C. Kahn,
Quarterly Journal of Economics,
(98)
Supplement:
173-187
1983
"The Solution of Linear Difference Models Under Rational Expectations."
O. Blanchard,
C. Kahn,
Econometrica,
(48)
July:
1305-1311
1980
Conference Proceedings
"The CLS Bank: A Solution to the Risks of International Payments Settlement?."
C. Kahn,
W. Roberds,
(54)
June:
191-226
2001
"Demandable Debt as the Optimal Banking Contract."
C. Calomiris,
C. Kahn,
August:
35-43
1988
Chapters in Books
"Clearing House Interbank Payments System (CHIPS)."
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."
M. Espinosa-Vega,
J. Sole,
C. Kahn,
R. Matta,
In Macrorudential Regulatory Policies: The New Road to Financial Stability, (Eds: Stijn Claessens, Douglas D Evanoff, George G. Kaufman and Laura Kodres),
World Scientific Publishing Co.: ,
2011
"Allocating Lending of Last Resort and Supervision in the Euro Area."
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."
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."
C. Kahn,
551-565
In Without Consent or Contract: Technical Papers on Slavery, (Eds: Robert Fogel and Stanley Engerman),
W. W. Norton and Company: New York,
1992
"A Linear Programming Solution to the Slave Diet."
C. Kahn,
522-535
In Without Consent or Contract: Technical Papers on Slavery, (Eds: Robert Fogel and Stanley Engerman),
W. W. Norton and Company: New York,
1992
"Semi-Stability in Game Theory: A Survey of Ugliness."
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