Richard Stanton

• Algorithmic Fairness Annual Review of Financial Economics 15, 565-593, 2023 (with S. Das and N. Wallace).
• Consumer-Lending Discrimination in the FinTech Era, Journal of Financial Economics 143, 30-56, 2022 (with R. Bartlett, A. Morse and N. Wallace) (best paper, Wine Country Finance Conference, 2019).
• Non-Banks and Mortgage Securitization Annual Review of Financial Economics 14, 137-166, 2022 (with Y. Kim, K. Pence, J. Walden and N. Wallace).
• Employee Stock Option Exercise and Firm Cost, Journal of Finance 74, 1175-1216, 2019 (with Jennifer Carpenter and Nancy Wallace).
• Liquidity Crises in the Mortgage Market, Brookings Papers on Economic Activity (Spring), 347-406, 2018 (with Y. Kim, S. Laufer, K. Pence and N. Wallace).
• Mortgage Loan-Flow Networks and Financial Norms, Review of Financial Studies 31, 3595–3642, 2018 (with J. Walden and N. Wallace).
• CMBS Subordination, Ratings Inflation, and Regulatory-Capital Arbitrage, Financial Management 47, 175–201, 2018 (with N. Wallace) (best paper in Financial Management, 2017-2018).
• Financial Flexibility, Bank Capital Flows, and Asset Prices, Journal of Finance 67, 1685–1722, 2012 (with C. Parlour and J. Walden).
• Estimation of Dynamic Term Structure Models, Quarterly Journal of Finance 2, 2012 (with G. Duffee).
• The Bear’s Lair: Indexed Credit Default Swaps and the Subprime Mortgage Crisis, Review of Financial Studies 24, 3250-3280, 2011 (with N. Wallace).
• Revisiting Asset Pricing Puzzles in an Exchange Economy, Review of Financial Studies 24, 629-674, 2011 (with C. Parlour and J. Walden).
• Optimal Exercise of Executive Stock Options and Implications for Firm Cost, Journal of Financial Economics 98, 315-337, 2010 (with J. Carpenter and N. Wallace).
• Human Capital, Bankruptcy and Capital Structure, Journal of Finance 65, 891-926, 2010 (with J. Berk and J. Zechner) (nominated for the Brattle prize).
• A Liquidity-Based Theory of Closed-End Funds, Review of Financial Studies 22, 257-297, 2009 (with M. Cherkes and J. Sagi) (best paper, Utah Winter Finance Conference, 2006).
• An Empirical Test of a Two-Factor Mortgage Valuation Model: How Much Do House Prices Matter?, Real Estate Economics 33, 681-710, 2005 (with C. Downing and N. Wallace).
• Managerial Ability, Compensation, and the Closed-End Fund Discount, Journal of Finance 62, 529-556, 2007 (with J. Berk) (nominated for Smith-Breeden award).
• A Nonparametric Model of Term Structure Dynamics and the Market Price of Interest Rate Risk, Journal of Finance 52: 1973-2002, 1997 (nominated for Smith-Breeden award).
• Rational Prepayment and the Valuation of Mortgage-Backed Securities, Review of Financial Studies 8, 677-708, 1995.

• Fairness by Design: Machine Learning and Interpretable Mortgage Lending (with S. Bell, A. Kakhbod, A. Nazemi and N. Wallace), 2026.
• Measuring the Wildfire Risk of California Real Estate with Spatiotemporal Convolutional Neural Networks (with P. Issler, N. Wallace and Y. Zhao), 2025.
• Neighborhood Externalities and Coordinated Rebuilding after Wildfires: Evidence from California (with P. Issler, C. Vergara-Alert and N. Wallace), 2025.
• The Deposit Business at Large vs. Small Banks (with A. d’Avernas, A. Eisfeldt, C. Huang and N. Wallace), 2025.
• A New Dynamic House-Price Index (with C. Strickland and N. Wallace), 2018
• Energy Efficiency and Commercial-Mortgage Valuation (with D. Jaffee and N. Wallace), 2012.
• Valuing Mutual Fund Companies (with J. Boudoukh, M. Richardson and R. Whitelaw), 2003.

New templates for creating accessible LaTeX documents (both slides and articles) that comply with WCAG 2.1 Level AA accessibility standards and ADA digital accessibility requirements (required as of April 2026).

• Download at https://github.com/rhstanton/accessible_LaTeX

A minimal template for reproducible research with provenance tracking and automated builds. Core features include:

• Reproducible builds: GNU Make orchestration with grouped targets
• Provenance tracking: Full git state + input/output SHA256 hashes
• Multi-language support: Python, Julia, Stata
• Jupyter Notebook support: Parameterized notebooks via papermill with full provenance
• VS Code integration: Complete workflow via GUI
• Code quality tools: Integrated linting and formatting (ruff) and type checking (mypy)
• Automated testing: pytest-based test suite for reliability
• Generate replication packages for journal submission
• Download at https://github.com/rhstanton/project_template

• This document discusses a broader range of tools for making your research efficient and organized. Topics covered include LaTeX, version control, GNU Make, embedding Python code inside your documents, etc.
  • Download “Managing Your Research”

• This document provides recommendations for writing finance papers using LaTeX and related tools.
  • The document also includes LaTeX style files and BibTeX format files, along with sample paper outlines, to make your paper meet the formatting requirements of the Journal of Finance, Journal of Financial Economics, and Review of Financial Studies.
  • Download the full document or individual files.