Publications

to

Continuous-Time Finance

1992 | Continuous-Time Finance | Book
Oxford, U.K.: Basil Blackwell, 1990. (Rev. ed., 1992.)

The Financial System and Economic Performance

December 1990 | Financial Engineering | Paper
Merton, Robert C. “The Financial System and Economic Performance.” Journal of Financial Services Research 4 (December 1990): 263-300.

“The Changing Nature of Debt and Equity: A Discussion.” In Are the Distinctions between Debt and Equity Disappearing?

1990 | Miscellaneous | Book Chapter
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.

Capital Market Theory and the Pricing of Financial Securities

1990 | Miscellaneous | Paper
In Handbook of Monetary Economics, edited by B. Friedman and F. Hahn. Amsterdam: North-Holland Publishing Company

On the Application of the Continuous-Time Theory of Finance to Financial Intermediation and Insurance

July 1989 | Continuous-Time Finance | Paper
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.)

Optimal Portfolio Rules in Continuous Time When the Nonnegativity Constraint on Consumption is Binding

1989 | Continuous-Time Finance | Paper
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.)

Defined Benefit versus Defined Contribution Pension Plans: What are the Real Tradeoffs

1988 | Life-Cycle Savings/Investment | Book Chapter
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.