Special Papers

A central bank will usually be primarily concerned about three aspects of stability. These are the maintenance of: (1)  domestic price stability, (2)  external stability of the value of the currency, and (3)  overall systemic stability in the financial system.

This paper analyses the factors influencing whether a European Securities and Exchange Commission (ESEC) will be created and confirms the primary role...

Speech by Callum McCarthy, Chairman of the Financial Services Authority, delivered at the LSE on 8th December 2004.

Per Jacobsson Lecture delivered by Charles Goodhart at the LSE in September 2004.

Against the backdrop of an integrating Europe, the debate on the need for European arrangements for financial supervision and stability is...

Speech by Sir Howard Davies at the FMG lecture of 3rd February 2004.

Speech by Sir Andrew Large, Deputy Governor, Bank of England at the LSE, Thursday 22nd January 2004.

The economic unification of Europe is taking a long time. It has become more challenging with the advent of financial integration and the single...

A Monetary Conditions Index (MCI), a weighted average of the short-term real interest rate and the real exchange rate, is a commonly used indicator of...

In this paper we assess the performance of the New Keynesian IS Curve for the G7 countries. We find that there is an IS puzzle for both the purely...

This paper examines the unfinished agenda of the governance structure for financial regulation and supervision in Europe. In this unfinished agenda...

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