Finance

Patrick Honohan, Governor of the Central Bank of Ireland, discusses the Irish banking crisis.

‘Tis the season to celebrate gift giving. But for big banks Santa Claus comes all the time, in the form of handsomely wrapped subsidies and subtly packaged regulatory nuances worth more more gold than the wildest dreams of the Three Wise Men.

This paper applies Schein’s model of organizational culture to financial firms and their prudential regulators.

With the RMB in the SDR, careful progression in China could balance the international monetary system.

There is a deeper story to be told about the inclusion of the Renminbi.

How might a reimagined American foreign policy both bolster the domestic economy and help build a 21st-century global economy that works for everyone?

“Governments propose, markets dispose,” as Charles Kindleberger liked to say.

Lord Adair Turner visited the Oxford Martin Lecture Theatre on Tuesday 24 November for a well-attended INET Oxford event launching his latest book ‘Between Debt and the Devil: Money, Credit, and Fixing Global Finance’ (Princeton University Press).

This paper analyzes what assumptions on formation of expectations are consistent with Minsky’s Financial Instability Hypothesis (FIH) and its corollaries.

This paper analyses the financial assistance provided to Greece in the first two rescue packages granted by the Troika (European Union, European Central Bank and IMF).

A gap between theory and reality has haunted economists.

A radical solution to the current economic malaise.

We investigate the claim that the way in which debtor households service their debts matters for macroeconomic performance.

We develop a neo-Kaleckian growth model that emphasizes the importance of consumption behavior.

Sometimes a radical path is the most practical way out of a mess.