Publication Information

{'id': 'https://openalex.org/W2163630232', 'doi': 'https://doi.org/10.1111/j.1540-6261.2004.00669.x', 'title': 'Presidential Address, Committing to Commit: Short‐term Debt When Enforcement Is Costly', 'display_name': 'Presidential Address, Committing to Commit: Short‐term Debt When Enforcement Is Costly', 'publication_year': 2004, 'publication_date': '2004-07-22', 'ids': {'openalex': 'https://openalex.org/W2163630232', 'doi': 'https://doi.org/10.1111/j.1540-6261.2004.00669.x', 'mag': '2163630232'}, 'language': 'en', 'primary_location': {'is_oa': False, 'landing_page_url': 'https://doi.org/10.1111/j.1540-6261.2004.00669.x', 'pdf_url': None, 'source': {'id': 'https://openalex.org/S5353659', 'display_name': 'The Journal of Finance', 'issn_l': '0022-1082', 'issn': ['0022-1082', '1540-6261'], 'is_oa': False, 'is_in_doaj': False, 'is_core': True, 'host_organization': 'https://openalex.org/P4310320595', 'host_organization_name': 'Wiley', 'host_organization_lineage': ['https://openalex.org/P4310320595'], 'host_organization_lineage_names': ['Wiley'], 'type': 'journal'}, 'license': None, 'license_id': None, 'version': None, 'is_accepted': False, 'is_published': False}, 'type': 'article', 'type_crossref': 'journal-article', 'indexed_in': ['crossref'], 'open_access': {'is_oa': False, 'oa_status': 'closed', 'oa_url': None, 'any_repository_has_fulltext': False}, 'authorships': [{'author_position': 'first', 'author': {'id': 'https://openalex.org/A5007338517', 'display_name': 'Douglas W. Diamond', 'orcid': 'https://orcid.org/0000-0002-1625-502X'}, 'institutions': [{'id': 'https://openalex.org/I1311060795', 'display_name': 'U.S. National Science Foundation', 'ror': 'https://ror.org/021nxhr62', 'country_code': 'US', 'type': 'government', 'lineage': ['https://openalex.org/I1311060795']}], 'countries': ['US'], 'is_corresponding': True, 'raw_author_name': 'Douglas W. Diamond', 'raw_affiliation_strings': ['Douglas W. Diamond is at the University of Chicago, GSB and NBER. I am grateful to Douglas Baird, Tom Knox, Jeff Lacker, Robert Merton, Toby Moskowitz, Haresh Sapra, Elu von Thadden, Zvi Weiner, Luigi Zingales, and especially Effi Benmelech and Elizabeth Cammack for many helpful comments. This paper builds on joint work with Phil Dybvig and Raghu Rajan. I thank the National Science Foundation and the Center for Research in Security Prices at the University of Chicago for financial support.'], 'affiliations': [{'raw_affiliation_string': 'Douglas W. Diamond is at the University of Chicago, GSB and NBER. I am grateful to Douglas Baird, Tom Knox, Jeff Lacker, Robert Merton, Toby Moskowitz, Haresh Sapra, Elu von Thadden, Zvi Weiner, Luigi Zingales, and especially Effi Benmelech and Elizabeth Cammack for many helpful comments. This paper builds on joint work with Phil Dybvig and Raghu Rajan. I thank the National Science Foundation and the Center for Research in Security Prices at the University of Chicago for financial support.', 'institution_ids': ['https://openalex.org/I1311060795']}]}], 'institution_assertions': [], 'countries_distinct_count': 1, 'institutions_distinct_count': 1, 'corresponding_author_ids': ['https://openalex.org/A5007338517'], 'corresponding_institution_ids': ['https://openalex.org/I1311060795'], 'apc_list': {'value': 4020, 'currency': 'USD', 'value_usd': 4020, 'provenance': 'doaj'}, 'apc_paid': None, 'fwci': 14.444, 'has_fulltext': False, 'cited_by_count': 250, 'citation_normalized_percentile': {'value': 0.999967, 'is_in_top_1_percent': True, 'is_in_top_10_percent': True}, 'cited_by_percentile_year': {'min': 98, 'max': 99}, 'biblio': {'volume': '59', 'issue': '4', 'first_page': '1447', 'last_page': '1479'}, 'is_retracted': False, 'is_paratext': False, 'primary_topic': {'id': 'https://openalex.org/T10632', 'display_name': 'Housing Market and Economics', 'score': 0.995, 'subfield': {'id': 'https://openalex.org/subfields/2002', 'display_name': 'Economics and Econometrics'}, 'field': {'id': 'https://openalex.org/fields/20', 'display_name': 'Economics, Econometrics and Finance'}, 'domain': {'id': 'https://openalex.org/domains/2', 'display_name': 'Social Sciences'}}, 'topics': [{'id': 'https://openalex.org/T10632', 'display_name': 'Housing Market and Economics', 'score': 0.995, 'subfield': {'id': 'https://openalex.org/subfields/2002', 'display_name': 'Economics and Econometrics'}, 'field': {'id': 'https://openalex.org/fields/20', 'display_name': 'Economics, Econometrics and Finance'}, 'domain': {'id': 'https://openalex.org/domains/2', 'display_name': 'Social Sciences'}}, {'id': 'https://openalex.org/T10517', 'display_name': 'Financial Literacy, Pension, Retirement Analysis', 'score': 0.9922, 'subfield': {'id': 'https://openalex.org/subfields/1402', 'display_name': 'Accounting'}, 'field': {'id': 'https://openalex.org/fields/14', 'display_name': 'Business, Management and Accounting'}, 'domain': {'id': 'https://openalex.org/domains/2', 'display_name': 'Social Sciences'}}, {'id': 'https://openalex.org/T10127', 'display_name': 'Banking stability, regulation, efficiency', 'score': 0.9897, 'subfield': {'id': 'https://openalex.org/subfields/2003', 'display_name': 'Finance'}, 'field': {'id': 'https://openalex.org/fields/20', 'display_name': 'Economics, Econometrics and Finance'}, 'domain': {'id': 'https://openalex.org/domains/2', 'display_name': 'Social Sciences'}}], 'keywords': [{'id': 'https://openalex.org/keywords/commit', 'display_name': 'Commit', 'score': 0.69097507}, {'id': 'https://openalex.org/keywords/ex-ante', 'display_name': 'Ex-ante', 'score': 0.5874317}, {'id': 'https://openalex.org/keywords/externality', 'display_name': 'Externality', 'score': 0.5785784}], 'concepts': [{'id': 'https://openalex.org/C2779777834', 'wikidata': 'https://www.wikidata.org/wiki/Q4202277', 'display_name': 'Enforcement', 'level': 2, 'score': 0.79567814}, {'id': 'https://openalex.org/C29122968', 'wikidata': 'https://www.wikidata.org/wiki/Q1414816', 'display_name': 'Incentive', 'level': 2, 'score': 0.75643593}, {'id': 'https://openalex.org/C120527767', 'wikidata': 'https://www.wikidata.org/wiki/Q3196867', 'display_name': 'Debt', 'level': 2, 'score': 0.700945}, {'id': 'https://openalex.org/C153180980', 'wikidata': 'https://www.wikidata.org/wiki/Q19776675', 'display_name': 'Commit', 'level': 2, 'score': 0.69097507}, {'id': 'https://openalex.org/C144133560', 'wikidata': 'https://www.wikidata.org/wiki/Q4830453', 'display_name': 'Business', 'level': 0, 'score': 0.60484004}, {'id': 'https://openalex.org/C122251271', 'wikidata': 'https://www.wikidata.org/wiki/Q940039', 'display_name': 'Ex-ante', 'level': 2, 'score': 0.5874317}, {'id': 'https://openalex.org/C16118543', 'wikidata': 'https://www.wikidata.org/wiki/Q275372', 'display_name': 'Externality', 'level': 2, 'score': 0.5785784}, {'id': 'https://openalex.org/C556758197', 'wikidata': 'https://www.wikidata.org/wiki/Q580018', 'display_name': 'Monetary economics', 'level': 1, 'score': 0.45261154}, {'id': 'https://openalex.org/C199776023', 'wikidata': 'https://www.wikidata.org/wiki/Q202875', 'display_name': 'Negotiation', 'level': 2, 'score': 0.4229182}, {'id': 'https://openalex.org/C10138342', 'wikidata': 'https://www.wikidata.org/wiki/Q43015', 'display_name': 'Finance', 'level': 1, 'score': 0.41540062}, {'id': 'https://openalex.org/C162324750', 'wikidata': 'https://www.wikidata.org/wiki/Q8134', 'display_name': 'Economics', 'level': 0, 'score': 0.35638717}, {'id': 'https://openalex.org/C175444787', 'wikidata': 'https://www.wikidata.org/wiki/Q39072', 'display_name': 'Microeconomics', 'level': 1, 'score': 0.2277022}, {'id': 'https://openalex.org/C77088390', 'wikidata': 'https://www.wikidata.org/wiki/Q8513', 'display_name': 'Database', 'level': 1, 'score': 0.0}, {'id': 'https://openalex.org/C17744445', 'wikidata': 'https://www.wikidata.org/wiki/Q36442', 'display_name': 'Political science', 'level': 0, 'score': 0.0}, {'id': 'https://openalex.org/C41008148', 'wikidata': 'https://www.wikidata.org/wiki/Q21198', 'display_name': 'Computer science', 'level': 0, 'score': 0.0}, {'id': 'https://openalex.org/C199539241', 'wikidata': 'https://www.wikidata.org/wiki/Q7748', 'display_name': 'Law', 'level': 1, 'score': 0.0}, {'id': 'https://openalex.org/C139719470', 'wikidata': 'https://www.wikidata.org/wiki/Q39680', 'display_name': 'Macroeconomics', 'level': 1, 'score': 0.0}], 'mesh': [], 'locations_count': 1, 'locations': [{'is_oa': False, 'landing_page_url': 'https://doi.org/10.1111/j.1540-6261.2004.00669.x', 'pdf_url': None, 'source': {'id': 'https://openalex.org/S5353659', 'display_name': 'The Journal of Finance', 'issn_l': '0022-1082', 'issn': ['0022-1082', '1540-6261'], 'is_oa': False, 'is_in_doaj': False, 'is_core': True, 'host_organization': 'https://openalex.org/P4310320595', 'host_organization_name': 'Wiley', 'host_organization_lineage': ['https://openalex.org/P4310320595'], 'host_organization_lineage_names': ['Wiley'], 'type': 'journal'}, 'license': None, 'license_id': None, 'version': None, 'is_accepted': False, 'is_published': False}], 'best_oa_location': None, 'sustainable_development_goals': [{'score': 0.46, 'id': 'https://metadata.un.org/sdg/16', 'display_name': 'Peace, justice, and strong institutions'}], 'grants': [], 'datasets': [], 'versions': [], 'referenced_works_count': 47, 'referenced_works': ['https://openalex.org/W1545420549', 'https://openalex.org/W1595740041', 'https://openalex.org/W1970144470', 'https://openalex.org/W1979279849', 'https://openalex.org/W1992868825', 'https://openalex.org/W2015775939', 'https://openalex.org/W2019222975', 'https://openalex.org/W2072240594', 'https://openalex.org/W2072480436', 'https://openalex.org/W2074270440', 'https://openalex.org/W2075911810', 'https://openalex.org/W2087178224', 'https://openalex.org/W2095370591', 'https://openalex.org/W2098861776', 'https://openalex.org/W2103746618', 'https://openalex.org/W2107136625', 'https://openalex.org/W2108491286', 'https://openalex.org/W2124041433', 'https://openalex.org/W2129123189', 'https://openalex.org/W2140281938', 'https://openalex.org/W2144058772', 'https://openalex.org/W2147560556', 'https://openalex.org/W2156598236', 'https://openalex.org/W2157509893', 'https://openalex.org/W2161401558', 'https://openalex.org/W2189821821', 'https://openalex.org/W2645835341', 'https://openalex.org/W2752617332', 'https://openalex.org/W2890995502', 'https://openalex.org/W2990401822', 'https://openalex.org/W3023126729', 'https://openalex.org/W3121131820', 'https://openalex.org/W3121710791', 'https://openalex.org/W3121759882', 'https://openalex.org/W3122294936', 'https://openalex.org/W3122965193', 'https://openalex.org/W3123740414', 'https://openalex.org/W3123951370', 'https://openalex.org/W3124206771', 'https://openalex.org/W3124671214', 'https://openalex.org/W3124914565', 'https://openalex.org/W3125147207', 'https://openalex.org/W3125521824', 'https://openalex.org/W3125636817', 'https://openalex.org/W3125912220', 'https://openalex.org/W4230857753', 'https://openalex.org/W4237854007'], 'related_works': ['https://openalex.org/W4367365664', 'https://openalex.org/W4362638400', 'https://openalex.org/W4293227618', 'https://openalex.org/W4288862737', 'https://openalex.org/W4250708772', 'https://openalex.org/W3122851392', 'https://openalex.org/W3122800671', 'https://openalex.org/W2401620832', 'https://openalex.org/W2136634148', 'https://openalex.org/W1984769753'], 'abstract_inverted_index': {'ABSTRACT': [0], 'In': [1], 'legal': [2], 'systems': [3], 'with': [4, 66, 91], 'expensive': [5], 'or': [6], 'ineffective': [7], 'contract': [8], 'enforcement,': [9], 'it': [10], 'is': [11, 41], 'difficult': [12], 'to': [13, 16, 29, 34, 45, 86], 'induce': [14], 'lenders': [15, 21, 64], 'enforce': [17, 35, 88], 'debt': [18, 40, 90], 'contracts.': [19], 'If': [20], 'do': [22], 'not': [23, 54], 'enforce,': [24], 'borrowers': [25], 'will': [26, 53], 'have': [27, 32], 'incentives': [28, 33, 99], 'misbehave.': [30], 'Lenders': [31, 52], 'given': [36], 'bad': [37], 'news': [38], 'when': [39], 'short‐term': [42], 'and': [43], 'subject': [44], 'runs': [46], 'caused': [47], 'by': [48, 58], 'externalities': [49, 57], 'across': [50], 'lenders.': [51], 'undo': [55], 'these': [56], 'negotiation.': [59], 'The': [60], 'required': [61], 'number': [62], 'of': [63, 81, 100], 'increases': [65], 'enforcement': [67, 72], 'costs.': [68], 'A': [69], 'very': [70], 'high': [71], 'cost': [73], 'can': [74, 94], 'exceed': [75], 'the': [76, 96], 'ex': [77, 97], 'ante': [78, 98], 'incentive': [79], 'benefit': [80], 'enforcement.': [82], 'Removing': [83], "lenders'": [84], 'right': [85], 'immediately': [87], 'their': [89], 'a': [92], '“bail‐in”': [93], 'improve': [95], 'borrowers.': [101]}, 'cited_by_api_url': 'https://api.openalex.org/works?filter=cites:W2163630232', 'counts_by_year': [{'year': 2024, 'cited_by_count': 9}, {'year': 2023, 'cited_by_count': 12}, {'year': 2022, 'cited_by_count': 15}, {'year': 2021, 'cited_by_count': 11}, {'year': 2020, 'cited_by_count': 14}, {'year': 2019, 'cited_by_count': 7}, {'year': 2018, 'cited_by_count': 8}, {'year': 2017, 'cited_by_count': 10}, {'year': 2016, 'cited_by_count': 13}, {'year': 2015, 'cited_by_count': 11}, {'year': 2014, 'cited_by_count': 11}, {'year': 2013, 'cited_by_count': 9}, {'year': 2012, 'cited_by_count': 22}], 'updated_date': '2024-12-10T21:45:08.987507', 'created_date': '2016-06-24'}