Most cited documents in this series:

Year	Title	Cited
1997	Efficiency of Financial Institutions: International Survey and Directions for Future Research RePEc:wop:pennin:97-05 [Citation Analysis]	394
1997	Inside the Black Box: What Explains Differences in the Efficiencies of Financial Institutions? RePEc:wop:pennin:97-04 [Citation Analysis]	340
1995	The Role of Capital in Financial Institutions RePEc:wop:pennin:95-01 [Citation Analysis]	167
1995	The Transformation of the U.S. Banking Industry: What a Long, Strange Trip Its Been RePEc:wop:pennin:96-06 [Citation Analysis]	147
1998	Financial Contagion Journal of Political Economy RePEc:wop:pennin:98-31 [Citation Analysis]	112
1996	The Effects of Megamergers on Efficiency and Prices: Evidence from a Bank Profit Function RePEc:wop:pennin:96-03 [Citation Analysis]	61
1999	Diversity of Opinion and Financing of New Technologies RePEc:wop:pennin:98-30 [Citation Analysis]	58
2002	Payout Policy RePEc:wop:pennin:01-21 [Citation Analysis]	58
2002	Micro Effects of Macro Announcements: Real-Time Price Discovery in Foreign Exchange? RePEc:wop:pennin:02-23 [Citation Analysis]	57
1994	The Efficiency Cost of Market Power in the Banking Industry: A Test of the Quiet Life and Related Hypotheses RePEc:wop:pennin:94-29 [Citation Analysis]	57
1999	Real Estate Booms and Banking Busts: An International Perspective RePEc:wop:pennin:99-27 [Citation Analysis]	55
1996	Catastrophe Insurance, Capital Markets and Uninsurable Risks RePEc:wop:pennin:96-12 [Citation Analysis]	49
2002	Parametric and Nonparametric Volatility Measurement RePEc:wop:pennin:02-27 [Citation Analysis]	46
1976	Optimal Financial Crises RePEc:wop:pennin:97-01 [Citation Analysis]	45
1996	The Theory of Financial Intermediation RePEc:wop:pennin:96-32 [Citation Analysis]	44
2000	Optimal Currency Crises RePEc:wop:pennin:00-23 [Citation Analysis]	39
2002	Financial Intermediation RePEc:wop:pennin:02-28 [Citation Analysis]	37
1998	Pitfalls and Opportunities in the Use of Extreme Value Theory in Risk Management RePEc:wop:pennin:98-10 [Citation Analysis]	35
1999	The Distribution of Exchange Rate Volatility RePEc:wop:pennin:99-08 [Citation Analysis]	33
2002	Forecasting the Term Structure of Government Bond Yields RePEc:wop:pennin:02-34 [Citation Analysis]	31
1999	Should Banking Supervision and Monetary Policy Tasks Be Given to Different Agencies RePEc:wop:pennin:00-11 [Citation Analysis]	30
2000	Ratings Migration and the Business Cycle, With Application to Credit Portfolio Stress Testing RePEc:wop:pennin:00-26 [Citation Analysis]	29
1999	The Role of Real Annuities and Indexed Bonds in an Individual Accounts Retirement Program RePEc:wop:pennin:99-18 [Citation Analysis]	27
2000	Conglomeration Versus Strategic Focus: Evidence from the Insurance Industry RePEc:wop:pennin:99-29 [Citation Analysis]	27
1997	Risk Management by Insurers: An Analysis of the Process RePEc:wop:pennin:96-16 [Citation Analysis]	26
1999	Corporate Governance and Competition RePEc:wop:pennin:99-28 [Citation Analysis]	24
1995	Financial Markets, Intermediaries, and Intertemporal Smoothing RePEc:wop:pennin:95-02 [Citation Analysis]	23
1999	What Do Financial Intermediaries Do? RePEc:wop:pennin:99-30 [Citation Analysis]	22
1995	Banks and Derivatives RePEc:wop:pennin:95-07 [Citation Analysis]	22
1998	Pricing Excess-of-loss Reinsurance Contracts Against Catastrophic Loss RePEc:wop:pennin:98-09 [Citation Analysis]	21
2001	Modeling and Forecasting Realized Volatility RePEc:wop:pennin:01-01 [Citation Analysis]	21
1997	Retirement Wealth Accumulation and Decumulation: New Developments and Outstanding Opportunities RePEc:wop:pennin:97-12 [Citation Analysis]	20
2001	Comparative Financial Systems: A Survey RePEc:wop:pennin:01-15 [Citation Analysis]	20
1997	On the Profitability and Cost of Relationship Lending RePEc:wop:pennin:97-43 [Citation Analysis]	19
1999	At Last the Internationalization of Retail Banking? The Case of the Spanish Banks in Latin America RePEc:wop:pennin:99-41 [Citation Analysis]	19
2000	The Case of the Missing Market: The Bond Market and Why It Matters for Financial Development RePEc:wop:pennin:01-08 [Citation Analysis]	18
2002	Liquidity, Efficiency and Bank Bailouts RePEc:wop:pennin:02-33 [Citation Analysis]	18
1996	Financial Pricing of Insurance in the Multiple Line Insurance Company RePEc:wop:pennin:96-09 [Citation Analysis]	17
2002	Modeling Regional Interdependencies Using a Global Error-Correcting Macroeconometric Model RePEc:wop:pennin:01-38 [Citation Analysis]	17
2001	Do Financial Institutions Matter? RePEc:wop:pennin:01-04 [Citation Analysis]	17
1997	Comparison of Frontier Efficiency Methods: An Application to the U.S. Life Insurance Industry RePEc:wop:pennin:97-03 [Citation Analysis]	16
1998	Horizon Problems and Extreme Events in Financial Risk Management RePEc:wop:pennin:98-16 [Citation Analysis]	16
1998	Analyzing Firm Performance in the Insurance Industry Using Frontier Efficiency Methods RePEc:wop:pennin:98-22 [Citation Analysis]	16
2000	The Distribution of Stock Return Volatility RePEc:wop:pennin:00-27 [Citation Analysis]	16
1999	Can Insurers Pay for the Big One? Measuring the Capacity of an Insurance Market to Respond to Catastrophic Losses RePEc:wop:pennin:98-11 [Citation Analysis]	15
1998	Modeling Liquidity Risk, With Implications for Traditional Market Risk Measurement and Management RePEc:wop:pennin:99-06 [Citation Analysis]	15
1999	What Explains the Dramatic Changes in Cost and Profit Performance of the U.S. Banking Industry? RePEc:wop:pennin:99-10 [Citation Analysis]	14
2003	Financial Fragility, Liquidity and Asset Prices RePEc:wop:pennin:01-37 [Citation Analysis]	14
2002	The Future of Stock Exchanges in Emerging Economies: Evolution and Prosepcts RePEc:wop:pennin:02-03 [Citation Analysis]	14
2000	The Basis Risk of Catastrophic-Loss Index Securities RePEc:wop:pennin:00-22 [Citation Analysis]	13

Citing documents used to compute impact factor 0:

Year	Title	See

Cites in year: CiY