Oxford, U.K.: Basil Blackwell, 1990. (Rev. ed., 1992.)
Merton, Robert C. “The Financial System and Economic Performance.” Journal of Financial Services Research 4 (December 1990): 263-300.
Merton, Robert C. "The Changing Nature of Debt and Equity: A Discussion." In Are the Distinctions between Debt and Equity Disappearing? edited by R. W. Kopeke and E. S. Rosengren. Conference Series #33. Federal Reserve Bank of Boston, 1990.
In Handbook of Monetary Economics, edited by B. Friedman and F. Hahn. Amsterdam: North-Holland Publishing Company
Merton, Robert C. “On the Application of the Continuous-Time Theory of Finance to Financial Intermediation and Insurance.” The Geneva Papers on Risk and Insurance 14, no. 52 (July 1989): 225-262. (Reproduced as Chapter 14 in Continuous-Time Finance.)
Merton, Robert C. "Optimal Portfolio Rules in Continuous Time When the Nonnegativity Constraint on Consumption is Binding" Working Paper, 1989. (In Chapter 6 of Continuous-Time Finance.)
Bodie, Zvi, Alan J. Marcus and Robert C. Merton. “Defined Benefit versus Defined Contribution Pension Plans: What are the Real Tradeoffs.” In Pensions in the U.S. Economy, edited by John B. Shoven and David A. Wise. Chicago: University of Chicago Press, 1988.