• "Secured Loans and Risky Assets in a Monetary Economy,” (with Yuchi Chu) Journal of Money, Credit and Banking, forthcoming.

• "A search-theoretic model of double-spending fraud,” (with Chien-Chiang Wang) Journal of Economic Dynamics and Control, 142 (2022), 104-157.

• "Banking, Liquidity Effects, and Monetary Policy" (with Te-Tsun Chang) Macroeconomic Dynamics, 22:5, 1267-1297, 2018. paper

• "Liquidity and Asset Prices: A New Monetarist Approach" (with Ying-Syuan Li) Journal of Monetary Economics 60:4, 426-438, 2013 paper Appendix

• "Liquidity and the Threat of Fraudulent Assets" (with Guillaume Rocheteau and Pierre-Olivier Weill), Journal of Political Economy 120:5, 815-846, 2012 paper Appendix

• "On the Threat of Counterfeiting" (with Guillaume Rocheteau), Macroeconomic Dynamics 15:S1, 10-41, 2011. paper

• "A Macroeconomic Model on the Quality of Government and Economic Performance" (with Te-Tsun Chang), Economic Inquiry 49:1, 174-184, 2011. paper

• "Currency and Checking Deposits as Means of Payment," Review of Economic Dynamics 14:2, 403-417, 2011. paper

• "A Theory of International Currency: Competition and Discipline" (with Akihiko Matsui), Journal of The Japanese and International Economies 23, 407–426, 2009. paper

• "Another Example of a Credit System that Coexists with Money" (with Gabriele Camera) Journal of Money, Credit and Banking 40:6, 1295-1308, 2008. paper

• "Inside Money, Organized Markets, and Specialization," Macroeconomic Dynamics 11:3, 388-404, 2007. working paper version

• "Banks, Private Money, and Government Regulation," Journal of Monetary Economics 53, 2067-2083, 2006. working paper version

• "Government Transaction Policy and Gresham's Law," Journal of Monetary Economics 49, 435-453, 2002.

• "A Search Model of Money and Circulating Private Debt with Applications to Monetary Policy," International Economic Review 42, 925-946, 2001.

• "Money and Middlemen in an Economy with Private Information," Economic Inquiry 37, 1-12, 1999.

• "Middlemen and Private Information," Journal of Monetary Economics 42, 131-159, 1998.

• "Government Transaction Policy, Media of Exchange, and Prices," (joint with Randall Wright), Journal of Economic Theory 81, 290-313, 1998.

• "Commodity money under private information," Journal of Monetary Economics 36, 573-592, 1995.

Publications in Chinese

• "International Currency and Monetary Policy in a Model with Heterogeneous Productivity" (with Ying-Syuan Li), Taiwan Economic Review 47:2, 183-215, 2019. paper

• "Currency and Debit Cards as Means of Payment" (with Jin-Ru Yan), Taiwan Economic Review 38:4, 435-460, 2010. paper abstract

• "Will the New-style Currency Decrease Counterfeiting? -- the Effect of Withdrawal Policy" (with Ying-Syuan Li) Taiwan Economic Review 33, 229-255, 2005 paper abstract