1. Adverse selection in lending can translate into limited commitment of future cash flows (as in Hart and Moore, 1994, and Diamond and Rajan, 2001) and uncertainty about future lending due to counterparty credit risk;?;A Theory of Debt Based on the Inalienability of Human Capital?,1994
2. Liquidity Risk, Liquidity Creation, and Financial Fragility: A Theory of Banking
3. Financial Crises, Payment System Problems, and Discount Window Lending