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The financial crash and the economic depression that followed represented an existential crisis for the policy community and, in particular, for the regulatory and supervisory community—that is, those responsible for writing the rules which govern behaviour within the banking sector and broader markets and those responsible for implementing the rules.
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Agarwal, S., Lucca, D., Seru, A., & Trebbi, F. (2014). Inconsistent Regulators: Evidence from Banking’. Quarterly Journal of Economics, 129(2), 889–938. CrossRef
Akerlof, G. (1980). A theory of social custom, of which unemployment may be one consequence’. Quarterly Journal of Economics, 94(4), 749–775. CrossRef
Bailey, A (2009), ‘The UK bank resolution regime’, Speech, 26 November.
Bailey, A (2013b), Evidence to the Treasury Select Committee, 2 July.
Bailey, A (2016), ‘Defining the objectives and goals of supervision’, Speech, 1 April.
Barwell, R and Burrows, O (2011), ‘Growing fragilities? Balance sheets in the Great Moderation’, Bank of England Financial Stability Paper 10.
Barwell, R. (2013). Macroprudential policy: Taming the wild gyrations of credit flows, debt stocks and asset prices. Houndmills/New York: PalgraveMacmillan. CrossRef
BCBS (2008), ‘Liquidity risk: management and supervisory challenges’, February.
BCBS (2011b), ‘Report on asset securitisation incentives’, July.
BCBS (2013c), ‘Fundamental review of the trading book: A revised market risk framework’, Consultation Document, October.
Benati, L (2006), ‘UK monetary regimes and macroeconomic stylised facts’, Bank of England Working Paper 290.
Bernheim, B. (1994). A theory of conformity’. Journal of Political Economy, 102(5), 841–877. CrossRef
Bini Smaghi, L (2010), ‘The role of regulators when markets fail’, Speech, 16 June.
Blinder, A and Reis, R (2005), ‘Understanding the Greenspan Standard’, Presented at the Federal Reserve Bank of Kansas City Symposium on the Greenspan Era: Lessons for the Future, August 25–27.
BoE (2009a), Financial Stability Report, June.
Borio, C and Lowe, P (2002), ‘Asset prices, financial and monetary stability: exploring the nexus’, BIS Working Paper 114.
Brierley, P (2009), ‘The UK Special Resolution Regime for failing banks in an international context’, Bank of England Financial Stability Paper 5.
Brown, G (2005), Speech to the annual conference of the CBI, 28 November.
Calomiris, C and Mason, J (2003), ‘Credit card securitisation and regulatory arbitrage’, Federal Reserve Bank of Philadelphia Research Department Working Paper 03-7.
Campbell, J., & Cochrane, J. (1999). By force of habit: a consumption-based explanation of aggregate stock market behavior’. Journal of Political Economy, 107(2), 205–251. CrossRef
Čihák, M (2006), ‘How Do Central Banks Write on Financial Stability?’, IMF Working Paper 06/163.
Constâncio, V (2012), ‘Towards a European Banking Union’, Speech, 7 September.
Constâncio, V (2015b), ‘Strengthening macroprudential policy in Europe’, Speech, 3 July.
Cox, C (2008), Letter to the Chairman of the BCBS, 20 March.
Deb, P, Manning, M, Murphy, G, Penalver, A and Toth, A (2011), ‘Whither the credit ratings industry?’, Bank of England Financial Stability Paper 9.
Dowd, K, Cotter, J, Humphrey, C and Woods, M (2008), ‘How unlucky is 25-sigma?’, Journal of Portfolio Management, Summer, 1–5.
Edsparr, P and Fisher, P (2011), ‘Tail risks and contract design from a financial stability perspective’, Speech, 1 September.
Eisenschmidt, J and Tapking, J (2009), ‘Liquidity risk premia in unsecured interbank money markets’, ECB Working Paper Series 1025.
Elizade, A., & Repullo, R. (2007). Economic and Regulatory Capital in Banking: What is the difference?’. International Journal of Central Banking, 3(3), 87–118.
Federal Reserve Bank of Kansas City (2005), The Greenspan Era: Lessons for the Future, Economic Policy Symposium Proceedings.
Geanakoplos, J (2003), ‘Liquidity, default and crashes: endogenous contracts in general equilibrium’, Advances in Economics and Econometrics: Theory and Applications, Eighth World Conference, Volume II, 170–205.
Geithner, T (2006), ‘Risk Management Challenges in the U.S. Financial System’, Speech, 28 February.
Gieve, J (2006), ‘Pricing for perfection’, Speech at the Bank of England, 14 December.
Giles, C., & Daneshkhu, S. (2007, May 1). Transcript of interview with Mervyn King, Financial Times.
Gorton, G and Metrick, A (2010b), ‘Haircuts’, Federal Reserve Bank of St. Louis Review, November/December, 507–520.
Haldane, A (2009b), ‘Rethinking the financial network;, Speech, 28 April.
Haldane, A (2010a), ‘Fair value in foul weather’, Remarks based on a speech given to the Royal Institution of Chartered Surveyors in November 2009.
Haldane, A (2011), ‘Capital discipline’, Speech, 9 January.
Haldane, A (2013), ‘Constraining discretion in bank regulation’, Speech, 9 April.
Haldane, A and Madouros, V (2012), ‘The dog and the frisbee’, Speech, 31 August.
Haldane, A, Brennan, S and Madouros, V (2010), ‘The contribution of the financial sector – miracle or mirage?’, Speech, 14 July.
Huertas, T (2008), ‘Hybrid capital’, Speech to FSA City & Financial Bank Capital Seminar, 26 June.
IMF (2006), Global Financial Stability Report, April.
Jackson, P (2002), ‘International financial regulation and stability’, Speech, 8 March.
Johnson, S and Kwak, J (2011), 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown, Vintage.
Kashyap, A., & Stein, J. (2004a). Cyclical implications of the Basel II capital standards. Federal Reserve Bank of Chicago Economic Perspectives, 28, 1st Quarter, 18–31.
Kim, D., & Santomero, A. (1988). Risk in Banking and Capital Regulation’. Journal of Finance, 43(5), 1219–1233. CrossRef
King, M (2007a), ‘Mansion House speech’, Speech, 20 June.
King, M (2009c), ‘Mansion House speech’, Speech, 17 June.
King, M (2010), ‘Banking: from Bagehot to Basel, and back again’, Speech, 25 October.
Kroszner, R (1997), ‘Commentary’, in Federal Reserve Bank of Kansas City Symposium on Maintaining Financial Stability in a Global Economy.
Larsen, P.-T. (2007). Goldman pays the price of being big’, Financial Times, 13 August. Borio, C and Lowe, P (2002), ‘Asset prices, financial and monetary stability: exploring the nexus’. BIS Working Paper, 114.
Lucas, R. (1976). Econometric policy evaluation: A critique’. Carnegie-Rochester Conference Series on Public Policy, 1, 19–46. CrossRef
Mayer, T. (1975). Should Large Banks be Allowed to Fail?’. Journal of Financial and Quantitative Analysis, 10(4), 603–610. CrossRef
McLean, B and Nocera, J (2010), All the devils are here, Penguin.
Morgan, D. (2002). Rating Banks: Risk and Uncertainty in an Opaque Industry’. American Economic Review, 92(4), 874–888. CrossRef
Morris, S and Shin, H-S (2008), ‘Financial regulation in a system context’, Brookings Papers on Economic Activity, Fall, 229–261.
Pagano, M (2014), ‘Finance: Economic lifeblood or toxin?’, in Acharya, V, Beck, T, Evanoff, D, Kaufman, G and Portes, R (eds.), The social value of the financial sector, World Scientific.
Rajan, R (2005), ‘Has financial development made the world riskier?’, Proceedings, Federal Reserve Bank of Kansas City, August, 313–368.
Reinhart, C and Rogoff, K (2009), This time is different, Princeton.
Reis, R. (2006). Inattentive consumers’. Journal of Monetary Economics, 53, 1761–1800. CrossRef
Routledge, B and Zin, S (2003), ‘Generalised Disappointment Aversion and Asset Prices’, NBER Working Paper 10107.
Schumer, C and Bloomberg, M (2006), ‘To Save New York, Learn from London’, Wall Street Journal, 1 November.
Sims, C. (2003). Implications of rational inattention’. Journal of Monetary Economics, 50, 665–690. CrossRef
Singh, M (2011) ‘Velocity of Pledged Collateral: Analysis and Implications’, IMF Working Paper 11/256.
Tarullo, D (2011), ‘The evolution of capital regulation’, Speech, 9 November.
Tucker, P (2006), ‘Reflections on operating inflation targeting’, Speech, 25 May.
Tucker, P (2010b), Evidence to the Treasury Select Committee, 28 July.
Turner, A (2009b), ‘Responding to the financial crisis’, Speech, 30 November.
Ward, J (2008), ‘He found the flaw’, Washington Times, 24 October.
- The Causes of the Crash
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