- Black F. (1987),
*Business Cycles and Equilibrium,*Basil Blackwell, New York.

- Black F. (1995),
*Exploring General Equilibrium,*MIT Press, Cambridge, Massachusetts.

**Articles:** - Black F. (1965), Styles of Programming in LISP, pp 96-107 in
*The Programming of LISP: Its Operation and Applications,*eds. Berkeley E. C. and Bobrow D. G., MIT Press, Cambridge Massachusetts.

- Black F. (1968), Deductive Question Answering System, pp 354-402 in
*Semantic Information Processing,*ed. Minsky M., MIT Press, Cambridge, Massachusetts.

- Black F. (1970), Banking and Interest Rates in a World without Money: The Effects of Uncontrolled Banking,
*Journal of Banking Research,***1,**8-20. (Reprinted as Ch. 1 in [1])

- Black F. (1971a), Implications of the Random Walk Hypothesis for Portfolio Management,
*Financial Analysts Journal,***27(2),**16-22.

- Black F. (1971b), Toward a Fully Automated Stock Exchange,
*Financial Analysts Journal,***27(1),**28-35 and 44 and**27(2),**24-28 and 86-87.

- Black F and Treynor, J. L. (1972), Portfolio Selection using Special Information, under the assumptions of the Diagonal Model, with Mean-Variance Portfolio Objectives, and without constraints, pp 367-384 in
*Mathematical Methods in Investment and Finance,***4,**eds. Szego G. P. and Shell K., North Holland, Amsterdam.

- Black F. (1972a), Capital Market Equilibrium with restricted Borrowing,
*Journal of Business,***45(3),**444-455.

- Black F. (1972b), Equilibrium in the Creation of Investment Goods under Uncertainty, pp 249-265 in
*Studies in the Theory of Capital Markets,*ed. Jensen M. C., Praeger, New York.

- Black F. (1972c), Active and Passive Monetary Policy in a Neoclassical Model,
*Journal of Finance,***27,**801-814. (Reprinted as Ch. 2 in [1]).

- Black F., Jensen M.C. and Scholes M. (1972), The Capital Asset Pricing Model: Some Empirical Tests, pp 79-121 of
*Studies in the Theory of Capital Markets,*ed. Jensen M. C., Praeger, New York.

- Black F. and Scholes M. (1972), The Valuation of Option Contracts and a Test of Market Efficiency,
*Journal of Finance,***27(2),**399-418.

- Black F. and Treynor J. L. (1973), How to Use Security Analysis to Improve Portfolio Selection,
*Journal of Business,***46(1),**66-86.

- Black F. and Scholes M. (1973), The Pricing of Options and Corporate Liabilities,
*Journal of Political Economy,***81(3),**637-54.

- Black F. (1973), Yes, Virginia, There is Hope: Tests of the Value Line Ranking System,
*Financial Analysts Journal,***29(5),**10-14.

- Black F. and Scholes M. (1974a), The Effects of Dividend Yield and Dividend Policy on Common Stock Prices and Return,
*Journal of Financial Economics,***1(1),**1-22.

- Black F., and Scholes M. (1974b), From Theory to a New Financial Product,
*Journal of Finance,***29(2),**399-412.

- Black F. (1974a), Uniqueness of the Price Level in Monetary Growth Models with Rational Expectations,
*Journal of Economic Theory,*7, 53-65. (Reprinted as Ch. 4 in [1])

- Black F. (1974b), Can Portfolio Managers outrun the Random Walkers?,
*Journal of Portfolio Management,***1,**32-36.

- Black F. (1974d), International Capital Market Equilibrium with Investment Barriers,
*Journal of Financial Economics,***1(4),**337-352.

- Black F. (1975a), Fact and Fantasy in the use of Options and Corporate Liabilities,
*Financial Analysts Journal,***31(4),**36-41 and 61-72.

- Black F. (1975b), Bank Funds Management in an Efficient Market,
*Journal of Financial Economics,***2(4),**323-339.

- Black F. and Treynor J. L. (1976), Corporate Investment Decisions, pp 310-327 in
*Modern Developments in Financial Management,*ed. Myers S. C., Praeger, New York.

- Black F. and Cox J. C. (1976), Valuing Corporate Securities: Some Effects of Bond Indenture Provisions,
*Journal of Finance,***31(2),**351-368.

- Black F. (1976a), The Pricing of Commodity Contracts,
*Journal of Financial Economics,***3,**167-79.

- Black F. (1976b), The Dividend Puzzle,
*Journal of Portfolio Management,***2(2),5-8.**

- Black F. (1976c), The Investment Policy Spectrum: Individuals, Endowment Funds and Pension Funds,
*Financial Analysts Journal,***32(1),**23-31.

- Black F. (1976d), The Accountant's Job,
*Financial Analysts Journal,***32(5),**18.

- Black F. (1976e), Studies of Stock Price Volatility Changes,
*Proceedings of the 1976 Meetings of the American Statistical Association, Business and Economics Statistics Section,*177-181.

- Black F. (1976f), Comment [on Professor Stem], pp 336-337, in
*Eurocurrencies and the International Monetary System,*eds. Stem C.H., Makin J.H. and Logue D.E. American Enterprise Institute for Public Policy Research, Washington, D.C.

- Black F. (1977), What should we do about the Fools and the Gamblers?
*,Journal of Portfolio Management,***3,**71-73.

- Black F., Miller M. H. and Posner R. A. (1978), An Approach to the Regulation of Bank Holding Companies,
*Journal of Business,***51(3),**379-412.

- Black F. (1978a), The Ins and Outs of Foreign Investment,
*Financial Analysts Journal,***34(5),**25-32.

- Black F. (1978b), Global Monetarism in a World of National Currencies,
*Columbia Journal of World Business,***51,**27-32. (Reprinted as Ch. 9 in [1])

- Black F. (1980a), The Magic in Earnings: Economic Earnings Versus Accounting Earnings,
*Financial Analysts Journal,***36(6),**19-24.

- Black F. (1980b), The Tax Consequences of Long-Run Pension Policy,
*Financial Analysts Journal,***36(4),**21-28.

- Black F. (1981a), The ABCs of Business Cycles,
*Financial Analysts Journal,***37(6),**75-80. (Reprinted as Ch. 10 in [1])

- Black F. (1981b), An Open Letter to Jack Treynor,
*Financial Analysts Journal,***37(4),**14.

- Black, F. and Dewhurst M. P. (1981), A new investment strategy for pension funds,
*Journal of Portfolio Management,***7(4),**26-34.

- Black F. (1982a), The Trouble with Econometric Models,
*Financial Analysts Journal,***38(2),**29-37. (Reprinted as Ch. 12 in [1])

- Black F. (1982b), Comment: A new investment strategy for pension funds,
*Journal of Portfolio Management,***8(4),**74-76.

- Black F. and Glasser P. (1982), Comment: A New Investment Strategy for Pension Funds,
*Journal of Portfolio Management,***8(4),**74-76.

- Black F. (1983), Comment [on Investing for the Short and Long Term], pp223-230 in
*Financial Aspects of the U.S. Pension System,*eds. Bodie Z. and Shoven J.B.,University of Chicago Press, Chicago.

- Black F. (1985a), The Future for Financial Services, pp 223-230 in
*Managing the Service Economy,*ed. Inman R. P., Cambridge University Press, New York.

- Black F. (1985b), Contingent Claims Valuation of Corporation Liabilities: Theory and Empirical Tests : Comment, pp262-263 in
*Corporate Capital Structure in the United States,*ed. Friedman B. M., University of Chicago Press, Chicago.

- Black F. (1985c), Introduction,
*Journal of Finance,***40(3),**619.

- Black F. (1986), Noise,
*Journal of Finance,***41,**529-543.

- Black F. and Jones R. (1987), Simplifying portfolio insurance,
*Journal of Portfolio Management,***14(1),**48-51.

- Black F. and Jones R. (1988), Simplifying portfolio insurance for corporate pension plans,
*Journal of Portfolio Management,***14(4),**33-37.

- Black F. (1988a), The Holes in Black-Scholes,
*RISK Magazine,***1(4),**30-33.

- [Black F. (1988b), Individual Investment and Consumption under Uncertainty, pp 207-225 in
*Portfolio Insurance: A Guide to Dynamic Hedging,*edited by Luskin D. L., New York: Wiley.

- Black F. (1988c), A Simple Discounting Rule,
*Financial Management,***17(2),**7-11.

- Black F. (1988d), An Equilibrium Model of the Crash, pp 269-275 in
*NBER Macroeconomics Annual,*ed. Fischer S., MIT Press, Cambridge, Massachusetts.

- Black F. (1988e), On Robert C. Merton,
*MIT Management,***28.**

- Black F. (1989a), How we came up with the Option Formula,
*Journal of Portfolio Management,***15,**4-8,

- Black F. (1989b), How to Use the Holes in Black-Scholes,
*Journal of Applied Corporate Finance,***1(4),**67-73.

- Black F. (1989c), Should You Use Stocks to Hedge Your Pension Liability,
*Financial Analysts Journal,***45(1),**10-12.

- Black F. (1989d), Does Technology Matter?, pp 151-152 in
*The Challenge of Information Technology for the Securities Markets: liquidity, volatility, and global trading,*eds. Lucas H. C., Jr. and Schwartz R. A., Dow Jones-Irwin, Homewood, Illinois.

- Black F. (1989e), Universal Hedging: Optimizing Currency Risk and Reward in International Equity Portfolios,
*Financial Analysts Journal,***45(4),**16-22.

- Black, F., and Rouhani R. (1989), Constant Proportion Portfolio Insurance and the Synthetic Put Option: A Comparison. pp 695-708 in
*Investment Management,*ed. by Fabozzi F. J., Ballinger, Cambridge, Massachusetts.

- Black F. and Hakanoglu E. (1989), Simplifying Portfolio Insurance for the Seller, pp 709-726 in
*Investment Management,*ed. by Fabozzi F. J., Ballinger Cambridge, Massachusetts.

- Black F. (1990a), How I Discovered Universal Hedging,
*Investing*[Japan],**4,**60-64.

- Black F. (1990b), Living up to the Model,
*RISK,***3(3),**11-13.

- Black F. (1990c), Mean Reversion and Consumption Smoothing,
*Review of Financial Studies,***3(1),**107-114.

- Black F. (1990d), Equilibrium Exchange Rate Hedging,
*Journal of Finance,***45(3),**899-907.

- Black F. (1990e), Why Firms Pay Dividends,
*Financial Analysts Journal,***46,**5.

- Black F., Derman E. and Toy W. (1990), A One-Factor Model of Interest Rates and its Application to Treasury Bond Options,
*Financial Analysts Journal,***46,**33-39.

- Black F. and Karasinski P. (1991), Bond and Option Prices when Short Rates are Lognormal,
*Financial Analysts Journal,***47,**52-59.

- Black F. and Litterman R. (1991), Asset Allocation: Combining Investor Views with Market Equilibrium,
*Journal of Fixed Income,***1,**7-18.

- Black F. and Litterman R. (1992), Global Portfolio Optimization,
*Financial Analysts Journal,***48,**28-43.

- Black F., and Perold A. F. (1992), Theory of Constant Proportion Portfolio Insurance,
*Journal of Economic Dynamics and Control,***16,**403-426.

- Black F., Derman E. and Kani I. (1992), A Two-Factor Model of Interest Rates,
*Working Paper,*Goldman Sachs, New York.

- Black F. (1992a), Doctoral Education, the Business School and the University, unpublished manuscript.),

- Black F. (1992b), Global Reach,
*RISK Magazine,***5(11),**27-32.

- Black F. (1993a), Beta and Return,
*Journal of Portfolio Management,***20(1),**8-18.

- Black F. (1993b), Estimating Expected Return,
*Financial Analysts Journal,***49(5),**36-38.

- Black F. (1993c), Choosing Accounting Rules,
*Accounting Horizons,***7(4),**1-17.

- Black F. (1993d), U.S. Commercial Banking: Trends, Cycles, and Policy: Comment, pp 368-371 in
*NBER Macroeconomics Annual,*eds. Blanchard O. J. and Fischer F, MIT Press, Cambridge, Massachusetts.

- Black, F., Derman E., Toy W. and Francis J.C. (1994), Using a One-Factor Model to Value Interest Rate-Sensitive Securities: with an Application to Treasury Bond Options, pp 302-320 in
*The Handbook of Interest Rate Risk Management,*eds. by Francis J. C. and Avner O., Irwin Professional Publishing, Burr Ridge, Illinois.

- Black F. (1995a), Interest Rates as Options,
*Journal of Finance,***50(7),**1371-76.

- Black F. (1995b), Equilibrium Exchanges,
*Financial Analysts Journal,***51(3),**23-29.

- Black F. (1995c), Hedging, Speculation, and Systemic Risk,
*Journal of Derivatives,***2,**6-8.

- Black F. (1995d), The Plan Sponsor's Goal,
*Financial Analysts Journal,***51(4),**6-7.

- Black F. (1995e), The Many Faces of Derivatives, foreward to
*Handbook of Derivatives,*eds. Francis J., Toy W. and Whittaker J. G., John Wiley, New York.

- Black F. (1995f), Neutral Technical Change, unpublished memorandum.

- Black F. (1997), Fischer Black's Brave New World,
*Risk,***10(11),**44-45

**Other authors**

- Cootner P. A. (1967),
*The Random Character of Stock Market Prices,*MIT Press, Cambridge, Massachusetts (contains the translation from French of Bachelier's doctoral thesis and contains Sprenkle's, 1961 paper).

- Feynman R. P. (1948), Space-time approach to non-relativistic quantum mechanics,
*Review of Modern Physics,***20,**367-387.

- Harrison J. M. and Krebs D. M. (1979), Martingales and Arbitrage in Multi-period Securities Markets,
*Journal for Economic Theory,***20(3),**381-408.

- Harrison J. M. and Pliska S. R. (1981), Martingales and Stochastic Integrals in the Theory of Continuous Trading,
*Stochastic Processes and their Applications,***11,**215-260

- Harrison J. M. and Pliska S. R. (1983) A stochastic calculus model of Continuous Trading: Complete Markets,
*Stochastic Processes and their Applications,***15,**313-316.

- Hull J. C. (2005),
*Options, Futures and other Derivatives,*(6th Edition), Prentice Hall, New Jersey, U.S.A.

- Itô K. (1942), On stochastic processes (Infinitely divisible laws of probability),
*Japanese Journal of Mathematics.*

- Itô K. (1951), On stochastic differential equations,
*Memoirs, American Mathematical Society,***4,**1-51.

- Itô K. (1975), Stochastic Differentials,
*Applied Mathematics and Optimization,***1**, 347-81.

- Itô K. (1984),
*Introduction to Probability Theory,*Cambridge University Press (translated from the Japanese),

- Itô K. (1996), in Ikeda N, Watanabe S, Fukushima M and Kunita H (eds.),
*Itô's stochastic calculus and probability theory,*Tokyo, ix-xiv.

- Kac M. (1951), On some connections between probability theory and differential and integral equations,
*Proceedings of the 2nd Berkeley Symposium on Mathematical Statistics and Probability,*189-215, University of California Press.

- Jensen M. C. ed. (1972),
*Studies in the Theory of Capital Markets,*Praeger, New York

- Lehmann B. N. (2005),
*The Legacy of Fischer Black,*Oxford University Press.

- Merton R. C. (1973), Theory of Rational Option Pricing,
*Bell Journal of Economics and Management Science,***4,**141-83.

- Merton R. C. (1973), The Relationship between Put prices and Call prices: Comment,
*Journal of Finance,***28,**183-4.

- Nobel Organisation: official website

http://nobelprize.org/economics/laureates/1997/presentation-speech.html

- Sharpe W. F. (1964), Capital Asset Prices: A Theory of Market Equilibrium under Conditions of Risk,
*Journal of Finance,***19(3),**425-442.

- Sprenkle C.M. (1961), Warrant Prices as Indications of Expectations and Preferences,
*Yale Economic Essays,***1(22),**178-231, reproduced in [88].

- Treynor, J. L. (1961a), Toward a Theory of Market Value of Risky Assets,
*Unpublished manuscript.*

- Treynor, J. L. (1961a), Implications for the Theory of Finance,
*Unpublished manuscript.*

**Mainly biographical**

- Bernstein P. (1992),
*Capital Ideas: The improbable Origins of Modern Wall Street,*Free Press, New York.

- Duffie D. (1998), Black, Merton and Scholes - Their Central Contributions to Economics,
*Scandinavian Journal of Economics,***100(2),**411-24.

- Figlewski S. (1995), Remembering Fischer Black,
*Journal of Derivatives,***3,**94-98.

- Mehrling P. (2005),
*Fischer Black and the Revolutionary Idea of Finance,*John Wiley.

- Merton R. C. and Scholes M.S. (1995), Fischer Black,
*Journal of Finance,***50(5),**1359-1370.

- Schaefer, S. M. (1998), Robert Merton, Myron Scholes and the Development of Derivative Pricing,
*Scandinavian Journal of Economics,***100(2),**425-45.

- Various Authors (1996), A Tribute to Fischer Black,
*Journal of Portfolio Management,*Special Issue (December) with articles by Derman E., Ingersoll J. E. Jr., Cox J.C., Litzenberger R. H. Litterman R. and Traynor J.

**Books:**