Distinguishing between risk and uncertainty, this paper draws on the psychological literature on heuristics to consider whether and when simpler approaches may outperform more complex methods for modelling and regulating the financial system. We find that: (i) simple methods can sometimes...

The Bank of England is currently experiencing its most important institutional and functional changes in a generation. Failings in pre-crisis arrangements have prompted the Government to introduce wholesale changes to the UK regulatory landscape which come into force in April 2013. This...

Frontmatter -- Contents -- Introduction: The Lure of Development Models -- Part One. The Chinese Model and its Global Reception -- Chapter 1 A China Model or Just a Broken Mould? -- Chapter 2 Latin America's View of China: Interest, but Scepticism -- Chapter 3 The China Model in Africa: A New...