Research

Stable rules-based policy and nominal GDP targeting could avert another banking crisis

To purchase a copy of Policy Stability and Economic Growth: Lessons from the Great Recession for £7.50, click here. For orders … Continue reading “Policy Stability and Economic Growth: Lessons from the Great Recession”
Research

Swathes of complex capital regulation have made banking riskier

Executive summary: Banks need to keep both capital and liquidity against unforeseen events. During the early-mid nineteenth century, there were … Continue reading “Do we need regulation of bank capital? Some evidence from the UK”