Riding in a car with a Nobel laureate...

I had the experience of a life-time this past Tuesday when I attended a master class on mechanism design taught by 2007 Nobel Prize winner Prof. Eric Maskin at St. Andrews University. The morning lectures were on auctions and incomplete contracts, whilst the afternoon lecture was on voting theory.  I would provide link, but class materials have not been posted to the web (yet).

It was an absolutely amazing day all around...

Relevant to my ongoing research project, I would like to point out the following papers recommended by Prof. Maskin as being particularly relevant to understanding the recent financial crisis:

1. Diamond and Dybvig (1983): Bank Runs, Deposit Insurance, and Liquidity
2. Holmstrom and Tirole (1998): Private and Public Supply of Liquidity
3. Dewatripont and Tirole (1994): The Prudential Regulation of Banks
4. Kiyotaki and Moore (1997): Credit Cycles
5. Fostel and Geanakoplos(2008): Leverage Cycles and the Anxious Economy