Publications of Ron Anderson

With the deepening of China's reform and opening up, and the sustained development of the Chinese economy, the Chinese bond market has become an...

We study the evolution of pay in US bank holding companies since 1986 using a structural model of the banking firm. The model incorporates a strong...

Since 1978 China has developed strongly using a particular form of capitalism which has relied upon close relations between private enterprise and the...

This paper analyses of how risk is allocated in China’s markets for debt issued by non-financial enterprises. Compared to other major corporate bond...

Journal of Finance, 73 (1), 419-464.

Current stress testing of banks is focused on the resiliency of individual banks to exogenous shocks. This column describes how the next generation of...

Non-supervisory bank stress testing is becoming firmly embedded in the post-crisis macroprudential frameworks of major financial sectors around the...

Since the onset of the Global Crisis in 2007-08, stress testing has emerged as a major component of the supervisory toolkit. This column introduces a...

This CEPR Press eBook presents the perspectives of policymakers, stress test designers and academics on the remarkable development of stress testing...

This special paper discusses the inclusion of the Chinese Renminbi in the international reserve asset Special Drawing Right (SDR) created by the...

In this paper we study how the use of collateral is evolving under the influence of regulatory reform and changing market structure. We start with a...

We study managerial incentive provision under moral hazard in a firm subject to stochastic growth opportunities. In our model, managers are dismissed...