Systemic risk now occupies centre stage in discussions of bank regulatory reform. Systemic risk is often seen as a problem of size, operational complexity, interconnectivity and contagion. It is less often discussed in terms of the institutional framework of legal rules and principles within...

Systemic risk now occupies centre stage in discussions of bank regulatory reform. Systemic risk is often seen as a problem of size, operational complexity, interconnectivity and contagion. It is less often discussed in terms of the institutional framework of legal rules and principles within...

The works of Adam Smith are habitually oversimplified. But in this piece, the author takes a deeper journey into the meaning of Smith to draw interesting lessons about the current economic crisis and future reforms.

type="short" <p>This symposium item belongs to a section headed: SYMPOSIUM: THE GREAT DEPRESSION AND THE EUROZONE CRISIS: LEARNING FROM THE PAST, which also includes What Does the 1930s' Experience Tell Us about the Future of the Eurozone? by Nicholas Crafts (DOI: <url href="http://onlinelibrary.wiley.com/doi/10.1111/jcms.12145/abstract">10.1 111/jcms.12145</url>), Gold...</p>

This article recaps an event held at the Bank of England on 2-3 July 2014. The article covers three main points. First, it situates the event within the context of the Bank’s new approach to data as set out in the Bank’s Strategic Plan. Second, it summarises and reflects on major themes from...

A database driven multi-agent model has been developed with automated access to US bank level FDIC Call Reports which yield data on balance sheet and off balance sheet activity, respectively, in Residential Mortgage Backed Securities (RMBS) and Credit Default Swaps (CDS). The simultaneous...