We analyse systemic risk in the core global banking system using a new network-based spectral eigen-pair method, which treats network failure as a dynamical system stability problem. This is compared with market price-based Systemic Risk Indexes (SRIs), viz. MES (Marginal Expected Shortfall),...

The Prime Minster Jan-Dhan Yojna (PMJDY), started in 2014, follows in a long line of drives for financial inclusion in India, marked only by a much greater scope and ambition than previous roll outs. This top down approach to close the gap on the unbanked of India relies primarily on public...

The growing proportion of UK bank lending to the financial sector reached a peak in 2007 just before the onset of the Global Financial Crisis (GFC). This marks a trend in the dwindling amount of bank lending to private sector non-financial corporations (PNFCs), which was exacerbated with the...