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Displaying: 1-8 of 8
The International Liquidity Crisis of 2008–2009
William A. Allen and Richhild Moessner, World Economics, June 2011
The ‘credit crunch’ that began in August 2007 turned into a crisis when Lehman Brothers failed in September 2008. That event caused large internationa..
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Understanding the Greek Crisis
Michael Mitsopoulos and Theodore Pelagidis, World Economics, March 2011
This paper focuses on the distortions that the Greek public debt has imposed on the Greek banking system, and suggests how these can be unwound. The l..
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Savings for the Poor
Ignacio Mas, World Economics, December 2010
This paper reviews the relevance of formal financial services – in particular, savings – to poor people, the economic factors that have hindered the m..
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José De Gregorio on Howard Davies and David Green:
Banking on the Future. The Fall and Rise of Central Banking
World Economics, December 2010
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Paying the High Price of Active Management
Ross M. Miller, World Economics, September 2010
Financial economists have long known that actively managed mutual funds underperform comparable index funds and that investment management fees are a ..
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George Soros’ Reflexivity and the Global Financial Crisis
Thomas D. Willett, World Economics, June 2010
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Narrow Banking
John Kay, World Economics, March 2010
The credit crunch of 2007–8 was the direct and indirect result of losses incurred by major financial services companies in speculative trading in whol..
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The Rebirth of the Corporate Bond Market
Bill Robinson, John Raven & Christopher Chua, World Economics, June 2001
There has been a major switch from equity to debt finance in recent years, associated with a fall in the long-term rate of interest. The paper explor..
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Displaying: 1-8 of 8
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