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.
Publications
“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.
Pension Plan Integration as Insurance against Social Security Risk
1987 | Life-Cycle Savings/Investment | Book Chapter
Merton, Robert C., Zvi Bodie and Alan J. Marcus. “Pension Plan Integration as Insurance against Social Security Risk.” In Issues in Pension Economics, edited by Zvi Bodie, John B. Shoven and David A. Wise. Chicago: University of Chicago Press, 1987.