... 1991 Chapter Title: The Origins of Banking Panics: Models, Facts, and BankRegulation Chapter Author: Charles W. Calomiris, Gary Gorton Chapter URL: http://www.nber.org/chapters/c11484 Chapter ... (1989a), Calomiris and Schweikart(1991), Chari and Jagannathan (1988), Gorton (1987, 1989b), Gorton and Mullineaux (1987), Jacklin and Bhattacharya (1988), Williamson (1989), and others, have ... system and comparative advantage inmonitoring and enforcement.Notice that there is a subtle difference between the arguments of Calomiris and Kahn (1991) and Gorton (1989b). Calomiris and Kahn...