"The 2008 credit crisis started with the failure of one large bank: Lehman Brothers. Since then the focus of both politicians and regulators has been on stabilising the economy and preventing future financial instability. At this juncture, we are at the last stage of future-proofing the...

This book explores the evolution of credit and financing in Europe from the Middle Ages through to the nineteenth century. It engages with the distinct political, economic and institutional frameworks of the examined areas (England, Italy, France, Germany, Spain, the Netherlands and Turkey) and...

Minsky's institutional analysis of the development of the economy and how financial regulation fits in it -- Recent proposals of change in financial regulation inspired by Minsky -- Basel III : the revised capital requirements, the leverage ratio, and total loss absorbing capacity -- Two...

This paper studies the long-term consequences on firms and workers of the credit crunch triggered by the 2007-2008 global financial crisis. Relying on a unique matched bank-employer-employee administrative dataset, we construct a firm-specific credit supply shock and examine firms’ and...