Working Paper
The policy implications of the underground economy
Houston, Joel F. (1987)
Working Papers , Paper 87-7

Working Paper
The effect of government bonds on asset prices: an asset markets equilibrium approach
Protopapadakis, Aris; Houston, Joel F. (1989)
Working Papers , Paper 89-24

Working Paper
Estimating the size and implications of the underground economy
Houston, Joel F. (1987)
Working Papers , Paper 87-9

Conference Paper
Banking relationships, financial constraints, and investment: are bank- dependent borrowers more financially constrained?
James, Christopher M.; Houston, Joel F. (1996)
Proceedings , Paper 506

Working Paper
Participation in the underground economy: a theoretical analysis
Houston, Joel F. (1987)
Working Papers , Paper 87-10

Report
Three decades of financial sector risk
Houston, Joel F.; Stiroh, Kevin J. (2006)
This paper examines the evolution of risk in the U.S. financial sector using firm-level equity market data from 1975 to 2005. Over this period, financial sector volatility has steadily increased, reaching extraordinary levels from 1998 to 2002. Much of this recent turbulence can be attributed to a series of major financial shocks, and we find evidence of an upward trend in volatility only for the common component that affects the entire financial sector. While idiosyncratic volatility remains dominant, a combination of common shocks, deregulation, and diversification has reduced its relative ...
Staff Reports , Paper 248

Journal Article
The underground economy: a troubling issue for policymakers
Houston, Joel F. (1987-09)
Business Review , Issue Sep , Pages 3-12