The global financial crisis that began in mid-2007 has renewedconcerns about financial instability and focused attention onthe fundamental role of central banks in preventing andmanaging systemic crises. In response to the turmoil, centralbanks have made extensive use of both new and existing...

Since the mid-1990s the term and phenomenon of “social exclusion” has attractedmuch academic attention in the UK, and since 1997 has been an explicit focus ofgovernment policy. In a new book, CASE members examine the debate around themeaning of the term, and the extent and nature of problems...

This report was commissioned to help the Secretary of State for Communities and LocalGovernment “stand back and ask what role social housing can play in 21st Century housingpolicy”. Its aim is to provide the background and analytical framework against which theimplications of different...

While systemic risk—the risk of wholesale failure of banksand other financial institutions—is generally consideredto be the primary reason for supervision and regulation of thebanking industry, almost all regulatory rules treat such risk inisolation. In particular, they do not account for...