Articles in Academic Journals

„Publish or perish“ – in academia, it is essential for the creation of knowledge to publish research papers in journals. The following list refers to must-reads in the field of banking and finance. This list is always subject to extension and never complete! The most interesting articles – from my perspective – are printed in bold. The links trace back to the original articles or at least working paper versions.

Banking Theory

  • Akerlof, George A. (1970): The Market for „Lemons“: Quality Uncertainty and the Market Mechanism; in: The Quarterly Journal of Economics, Vol. 84, No. 3, pp. 488-500. → Download
  • Bhattacharya, Sudipto & Thakor, Anjan V. (1993): Contemporary Banking Theory; in: Journal of Financial Intermediation, Vol. 3, No. 1, pp. 2-50. → Download
  • Diamond, Douglas W. (1984): Financial Intermediation and Delegated Monitoring; in: Review of Economic Studies, Vol. 51, No.3, pp. 393-414. → Download
  • Gorton, Gary & Winton, Andrew (2003): Financial Intermediation; in: Handbook of the Economics of Finance, 2003, Vol. 1, Part 1, pp. 431-552. → Download
  • Jack, William & Suri, Tavneet (2011): Mobile Money: The Economics of M-Pesa; NBER Working Paper Series, Working Paper 16721. → Download
  • Levine, Ross (1997): Financial Development and Economic Growth: Views and Agenda; in: Journal of Economic Literature, Vol. 35, pp. 688-726. → Download

Derivatives

  • Black, Fischer & Scholes, Myron (1973): The Pricing of Options and Corporate Liabilities; in: Journal of Political Economy, Vol. 81, No. 3, pp. 637–654. → Download
  • Merton, Robert C. (1973): Theory of Rational Option Pricing; in: The Bell Journal of Economics and Management Science, Vol. 4, No. 1, pp. 141–183. → Download

Fixed-Income

  • Kruschwitz, Lutz & Schöbel, Rainer (1986a): Duration – Grundlagen und Anwendungen eines einfachen Risikomaßes zur Beurteilung festverzinslicher Wertpapiere (I); in: Das Wirtschaftsstudium 15; S. 550-554.
  • Kruschwitz, Lutz & Schöbel, Rainer (1986b): Duration – Grundlagen und Anwendungen eines einfachen Risikomaßes zur Beurteilung festverzinslicher Wertpapiere (II); in: Das Wirtschaftsstudium 16; S. 603-608.
  • Malkiel, Burton G. (1962): Expectations, Bond Prices, and the Term Structure of Interest Rates; in: The Quarterly Journal of Economics, Vol. 76, No. 2, pp. 197-218. → Download
  • Zimmerer, Thomas (2005a): Das Durationskonzept einmal anders: alternative Dar-
    stellung der Preissensitivitäten eines festverzinslichen Wertpapiers; in: Wirt-
    schaftswissenschaftliches Studium 11, S. 623–630.
  • Zimmerer, Thomas (2005b): Duration und Convexity: Zinssensitivität eines festverzinslichen Wertpapiers; in: Wirtschaftswissenschaftliches Studium 10, S. 560–565.

Portfolio Management

  • Markowitz, Harry M. (1952): Portfolio Selection; in: Journal of Finance, Vol. 7, No. 1, pp. 77–91. → Download

Risk Management

  • Artzner, Philippe; Delbaen, Freddy; Eber, Jean-Marc & Heath, David (1999): Coherent Measures of Risk; in: Mathematical Finance, Vol. 9, No. 3, pp. 203–228. → Download