Special Papers
Some help in understanding Britain's banking crisis 2007-09
Although Britain’s banking crisis received wide coverage in the media, this did not provide the public with any clearly structured account of its...
The Future of Finance: Chapter 3
This chapter offers a new understanding of how financial markets work. The key departure from conventional theory is to recognize that investors do...
British monetary targets 1976 to 1987: a view from the fourth floor of the Bank of England
Broad money and its credit counterparts played a key role in the conduct of British monetary policy in the period 1976 to 1987. This paper examines...
Crash 08 a regulatory debacle to be mended
The major financial crises of the last 30 years are analyzed and some common features brought to light: lax supervision, easy money, risk appetite...
Central bank co-operation and International liquidity in the financial crisis of 2008-09
The advent of the financial crisis in August 2007, and its subsequent intensification, has largely eroded the hitherto apparently sharp distinction...
Cycles, Contagion and Crises
This Special Paper is a collection of contributions to a conference on Cycles, Contagion and Crises which took place on 28-29 June 2007 at the...
