Bibliography for ECON3028: Economics of Money and Banking BETA

[1]

‘READ THIS SECTION BEFORE YOU DO ANYTHING ELSE’. .

[2]

A. R. Admati and M. F. Hellwig, The bankers’ new clothes: what’s wrong with banking and what to do about it. Princeton: Princeton University Press, 2013 [Online]. Available: https://www.jstor.org/stable/j.ctt5vjvjp

[3]

J. Cassidy, How markets fail: the logic of economic calamities. London: Penguin, 2010.

[4]

J. A. Kay, Other people’s money: the real business of finance, First US edition. New York: PublicAffairs, 2015.

[5]

C. M. Reinhart and K. S. Rogoff, This time is different: eight centuries of financial folly. Princeton, NJ: Princeton University Press, 2009 [Online]. Available: https://www-jstor-org.libproxy.ucl.ac.uk/stable/j.ctvcm4gqx

[6]

M. Wolf, The shifts and the shocks: what we’ve learned - and still have to learn - from the financial crisis. London: Penguin Books, 2015.

[7]

P. Alessandri and A. G. Haldane, ‘Banking on the State’, Nov. 06, 2009. [Online]. Available: https://www.bankofengland.co.uk/speech/2009/banking-on-the-state

[8]

T. Beck, P. Seabright, and X. Freixas, ‘Bailing out the Banks: Reconciling Stability and Competition: An analysis of state-supported schemes for financial institutions’, Feb. 18, 2010. [Online]. Available: http://www.voxeu.org/content/bailing-out-banks-reconciling-stability-and-competition

[9]

R Davies, P Richardson, V Katinaite, and M Manning M, ‘Evolution of the UK Banking System’, 2010. [Online]. Available: https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2010/evolution-of-the-uk-banking-system.pdf?la=en&hash=1B96013BA769A71DD3E49FE4590FD8719DA767A1

[10]

IMF - International Monetary Fund, ‘Global Financial Stability Report: Restoring Confidence and Progressing on Reforms’. [Online]. Available: http://www.imf.org/external/index.htm

[11]

Independent Commission on Banking, ‘Final Report: Recommendations’, 12AD. [Online]. Available: http://webarchive.nationalarchives.gov.uk/20131003105424/https:/hmt-sanctions.s3.amazonaws.com/ICB%20final%20report/ICB%2520Final%2520Report%5B1%5D.pdf

[12]

A. Turner, ‘Chapter 1 What do banks do? Why do credit booms and busts occur and what can public policy do about it?’, in The future of finance: the LSE report, London: London School of Economics & Political Science, 2010.

[13]

W. Carlin and D. W. Soskice, ‘Chapter 5 Money, banking and the macro-economy’, in Macroeconomics: institutions, instability, and the financial system, Oxford: Oxford University Press, 2015 [Online]. Available: https://ucl.primo.exlibrisgroup.com/discovery/fulldisplay?docid=alma9931063308704761&context=L&vid=44UCL_INST:UCL_VU2&lang=en&search_scope=MyInst_and_CI&adaptor=Local%20Search%20Engine&isFrbr=true&tab=Everything&query=any,contains,Macroeconomics:%20institutions,%20instability,%20and%20the%20financial%20system&sortby=date_d&facet=frbrgroupid,include,9056286529916415049&offset=0

[14]

S. G. Cecchetti and K. L. Schoenholtz, ‘Chapter 1’, in Money, banking, and financial markets, 3rd ed., Global ed., New York: McGraw-Hill Irwin, 2011.

[15]

S. G. Cecchetti and K. L. Schoenholtz, ‘Chapter 2’, in Money, banking, and financial markets, 3rd ed., Global ed., New York: McGraw-Hill Irwin, 2011.

[16]

S. G. Cecchetti and K. L. Schoenholtz, ‘Chapter 3’, in Money, banking, and financial markets, 3rd ed., Global ed., New York: McGraw-Hill Irwin, 2011.

[17]

IMF - International Monetary Fund, ‘Global Financial Stability Report: Restoring Confidence and Progressing on Reforms’. [Online]. Available: http://www.imf.org/external/index.htm

[18]

K. Matthews, ‘Chapter 2’, in The economics of banking, Third edition., Chichester, West Sussex, United Kingdom: Wiley, 2014.

[19]

T. Beck, ‘Finance and growth – lessons from the literature and recent crisis’, Jul. 02, 2012. [Online]. Available: http://www.lse.ac.uk/home.aspx

[20]

S. G. Cecchetti and E. Kharroubi, ‘BIS Working Papers: Reassessing the impact of finance on growth’. [Online]. Available: http://www.bis.org/list/wpapers/index.htm?m=5%7C26

[21]

R. Davies and G. Davies, ‘A Comparative Chronology of Money’, 1999. [Online]. Available: http://projects.exeter.ac.uk/RDavies/arian/amser/chrono1.html

[22]

‘On the origin of specie; Free exchange’, The Economist, vol. Vol.404, no. 8798 [Online]. Available: http://search.proquest.com/docview/1034268485?rfr_id=info%3Axri%2Fsid%3Aprimo

[23]

‘The origins of money, and saving the euro: The euro crisis’, The Economist (Online) [Online]. Available: http://search.proquest.com/docview/1027920275?rfr_id=info%3Axri%2Fsid%3Aprimo

[24]

C. A. E. Goodhart, ‘The two concepts of money: implications for the analysis of optimal currency areas’, European Journal of Political Economy, vol. 14, no. 3, pp. 407–432, Aug. 1998, doi: 10.1016/S0176-2680(98)00015-9.

[25]

M. K. Hassan, B. Sanchez, and J.-S. Yu, ‘Financial development and economic growth: New evidence from panel data’, The Quarterly Review of Economics and Finance, vol. 51, no. 1, pp. 88–104, Feb. 2011, doi: 10.1016/j.qref.2010.09.001.

[26]

Kiyotaki, Nobuhiro, ‘Evil is the Root of all Money (Clarendon Lectures 1)’, IDEAS Working Paper Series from RePEc, 2004 [Online]. Available: http://search.proquest.com/docview/1698325524?rfr_id=info%3Axri%2Fsid%3Aprimo

[27]

Robert G. King and Ross Levine, ‘Finance and Growth: Schumpeter Might be Right’, The Quarterly Journal of Economics, vol. 108, no. 3, pp. 717–737, 1993 [Online]. Available: http://www.jstor.org/stable/2118406?sid=primo&origin=crossref&seq=1#page_scan_tab_contents

[28]

R. Levine, ‘Chapter 12 Finance and Growth: Theory and Evidence’, in Handbook of Economic Growth, vol. 1, Elsevier, 2005, pp. 865–934.

[29]

Lo, Stephanie, ‘Bitcoin as money?’, IDEAS Working Paper Series from RePEc, 2014 [Online]. Available: http://search.proquest.com/docview/1698076449?rfr_id=info%3Axri%2Fsid%3Aprimo

[30]

Karl Menger, ‘On the Origin of Money’, The Economic Journal, vol. 2, no. 6, pp. 239–255, 1892, doi: 10.2307/2956146. [Online]. Available: http://www.jstor.org/stable/2956146?sid=primo&origin=crossref&seq=1#page_scan_tab_contents

[31]

W. Carlin and D. W. Soskice, ‘Chapter 5’, in Macroeconomics: institutions, instability, and the financial system, Oxford: Oxford University Press, 2015 [Online]. Available: https://ucl.primo.exlibrisgroup.com/discovery/fulldisplay?docid=alma9931063308704761&context=L&vid=44UCL_INST:UCL_VU2&lang=en&search_scope=MyInst_and_CI&adaptor=Local%20Search%20Engine&isFrbr=true&tab=Everything&query=any,contains,Macroeconomics:%20institutions,%20instability,%20and%20the%20financial%20system&sortby=date_d&facet=frbrgroupid,include,9056286529916415049&offset=0

[32]

W. Carlin and D. W. Soskice, ‘Chapter 6’, in Macroeconomics: institutions, instability, and the financial system, Oxford: Oxford University Press, 2015 [Online]. Available: https://ucl.primo.exlibrisgroup.com/discovery/fulldisplay?docid=alma9931063308704761&context=L&vid=44UCL_INST:UCL_VU2&lang=en&search_scope=MyInst_and_CI&adaptor=Local%20Search%20Engine&isFrbr=true&tab=Everything&query=any,contains,Macroeconomics:%20institutions,%20instability,%20and%20the%20financial%20system&sortby=date_d&facet=frbrgroupid,include,9056286529916415049&offset=0

[33]

A. Chisholm, ‘The role of competition in banking markets’, Dec. 04, 2014. [Online]. Available: https://www.gov.uk/government/speeches/alex-chisholm-on-the-role-of-competition-in-banking-markets

[34]

S. G. Cecchetti, K. L. Schoenholtz, and J. S. Fackler, ‘Chapter 5’, in Money, banking, and financial markets, 3rd ed., Global ed., New York: McGraw-Hill Irwin, 2011.

[35]

S. G. Cecchetti, K. L. Schoenholtz, and J. S. Fackler, ‘Chapter 11’, in Money, banking, and financial markets, 3rd ed., Global ed., New York: McGraw-Hill Irwin, 2011.

[36]

S. G. Cecchetti, K. L. Schoenholtz, and J. S. Fackler, ‘Chapter 12’, in Money, banking, and financial markets, 3rd ed., Global ed., New York: McGraw-Hill Irwin, 2011.

[37]

S. G. Cecchetti, K. L. Schoenholtz, and J. S. Fackler, ‘Chapter 13’, in Money, banking, and financial markets, 3rd ed., Global ed., New York: McGraw-Hill Irwin, 2011.

[38]

K. Matthews, ‘Chapter 1’, in The economics of banking, Third edition., Chichester, West Sussex, United Kingdom: Wiley, 2014.

[39]

K. Matthews, ‘Chapter 3’, in The economics of banking, Third edition., Chichester, West Sussex, United Kingdom: Wiley, 2014, pp. 38–43.

[40]

K. Matthews, ‘Chapter 4’, in The economics of banking, Third edition., Chichester, West Sussex, United Kingdom: Wiley, 2014.

[41]

K. Matthews, ‘Chapter 6’, in The economics of banking, Third edition., Chichester, West Sussex, United Kingdom: Wiley, 2014.

[42]

K. Matthews, ‘Chapter 8’, in The economics of banking, Third edition., Chichester, West Sussex, United Kingdom: Wiley, 2014.

[43]

K. Matthews, ‘Chapter 9’, in The economics of banking, Third edition., Chichester, West Sussex, United Kingdom: Wiley, 2014.

[44]

K. Matthews, ‘Chapter 11’, in The economics of banking, Third edition., Chichester, West Sussex, United Kingdom: Wiley, 2014.

[45]

K. Matthews, ‘Chapter 14’, in The economics of banking, Third edition., Chichester, West Sussex, United Kingdom: Wiley, 2014.

[46]

Competition and Markets Authority, ‘Retail Banking Market Investigation: Summary of provisional findings report’, Oct. 22, 2015. [Online]. Available: https://www.gov.uk/cma-cases/review-of-banking-for-small-and-medium-sized-businesses-smes-in-the-uk

[47]

X. Freixas and J.-C. Rochet, ‘Chapter 3’, 2nd ed., Cambridge, Mass: MIT Press, 2008.

[48]

Huck, Steffen, ‘Consumer behavioural biases in competition: A survey: Final report: OFT1324’, IDEAS Working Paper Series from RePEc, pp. 955–972 [Online]. Available: http://search.proquest.com/docview/1699219903?rfr_id=info%3Axri%2Fsid%3Aprimo

[49]

Independent Commission on Banking, ‘Issues Paper: Call for Evidence’. [Online]. Available: http://webarchive.nationalarchives.gov.uk/20101213120957/http://bankingcommission.independent.gov.uk/bankingcommission/wp-content/uploads/2010/07/Issues-Paper-24-September-2010.pdf

[50]

OECD, ‘Competition, Concentration and Stability in the Banking Sector: Policy Roundtables Discussion Paper’, Sep. 03, 2010. [Online]. Available: http://www.oecd.org/daf/competition/regulated-sectors-competition-roundtables.htm

[51]

S. George, ‘Competition in UK Banking’, Feb. 16, 2012. [Online]. Available: http://webarchive.nationalarchives.gov.uk/20140402142426/http://www.oft.gov.uk/news-and-updates/speeches/2012/0212

[52]

W. Carlin and D. W. Soskice, ‘Chapter 6’, in Macroeconomics: institutions, instability, and the financial system, Oxford: Oxford University Press, 2015 [Online]. Available: https://ucl.primo.exlibrisgroup.com/discovery/fulldisplay?docid=alma9931063308704761&context=L&vid=44UCL_INST:UCL_VU2&lang=en&search_scope=MyInst_and_CI&adaptor=Local%20Search%20Engine&isFrbr=true&tab=Everything&query=any,contains,Macroeconomics:%20institutions,%20instability,%20and%20the%20financial%20system&sortby=date_d&facet=frbrgroupid,include,9056286529916415049&offset=0

[53]

W. Carlin and D. W. Soskice, ‘Chapter 7’, in Macroeconomics: institutions, instability, and the financial system, Oxford: Oxford University Press, 2015 [Online]. Available: https://ucl.primo.exlibrisgroup.com/discovery/fulldisplay?docid=alma9931063308704761&context=L&vid=44UCL_INST:UCL_VU2&lang=en&search_scope=MyInst_and_CI&adaptor=Local%20Search%20Engine&isFrbr=true&tab=Everything&query=any,contains,Macroeconomics:%20institutions,%20instability,%20and%20the%20financial%20system&sortby=date_d&facet=frbrgroupid,include,9056286529916415049&offset=0

[54]

S. G. Cecchetti, ‘Chapter 13’, in Money, banking, and financial markets, 3rd ed., Global ed., New York: McGraw-Hill Irwin, 2011.

[55]

S. G. Cecchetti, ‘Chapter 14’, in Money, banking, and financial markets, 3rd ed., Global ed., New York: McGraw-Hill Irwin, 2011.

[56]

K. Matthews, ‘Chapter 12’, in The economics of banking, Third edition., Chichester, West Sussex, United Kingdom: Wiley, 2014.

[57]

F. S. Mishkin, ‘Anatomy of a financial crisis’, Journal of Evolutionary Economics, vol. 2, no. 2, pp. 115–130, Jun. 1992, doi: 10.1007/BF01193536.

[58]

A. R. Admati, ‘Bank capital: how much is enough?’, May 10, 2012. [Online]. Available: https://www.chicagofed.org/

[59]

A. Haldane, S. Kapadia, and D. Aikman, ‘Operationalising a macroprudential regime: goals, tools and open issues’, Estabilidad financiera., vol. 30, no. 24, 2013 [Online]. Available: http://copac.jisc.ac.uk/search?title=ESTABILIDAD%20FINANCIERA&iids=39611218%20&show-library=British%20Library&rn=9

[60]

D. Aikman, A. G. Haldane, and B. Nelson, ‘Curbing the Credit Cycle’. [Online]. Available: https://onlinelibrary.wiley.com/doi/full/10.1111/ecoj.12113

[61]

T. Ambler and M. Saltiel, ‘Bank regulation: Can we trust the Vickers Report?’, Nov. 17, 2011. [Online]. Available: https://www.adamsmith.org/research/bank-regulation-can-we-trust-the-vickers-report

[62]

A. Bailey, ‘The future of banking regulation in the UK: Speech at the BBA Annual Banking Conference, London’, Oct. 17, 2012. [Online]. Available: https://www.bankofengland.co.uk/speech/2012/the-future-of-banking-regulation-in-the-uk

[63]

A. Brazier, ‘The Bank of England’s Approach to Stress Testing the UK banking system’, Oct. 30, 2015. [Online]. Available: https://www.bankofengland.co.uk/-/media/boe/files/stress-testing/2015/the-boes-approach-to-stress-testing-the-uk-banking-system

[64]

Bank of England, ‘The role of macroprudential policy: a discussion paper’, Nov. 19, 2009. [Online]. Available: https://www.bankofengland.co.uk/-/media/boe/files/paper/2009/the-role-of-macroprudential-policy.pdf

[65]

Martin Cihak, Amin Mohseni-Cheraghlou, Asli Demirguc-Kunt, and Maria Peria, ‘Bank regulation and supervision around the world: a crisis update’, Jan. 01, 2012. [Online]. Available: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2185819

[66]

S. C. Dow, ‘Why the Banking System Should be Regulated’, The Economic Journal, vol. 106, no. 436, pp. 698–707, 1996, doi: 10.2307/2235578. [Online]. Available: http://www.jstor.org/stable/2235578?sid=primo&origin=crossref&seq=1#page_scan_tab_contents

[67]

A. Haldane, ‘On being the right size: Speech at Institute of Economics Affairs: 22nd Annual Series: The 2012 Beesley Lectures’, Oct. 25, 2012. [Online]. Available: https://www.bankofengland.co.uk/speech/2012/on-being-the-right-size

[68]

P. M. Hildebrand, ‘Is Basel II enough? The benefits of a leverage ratio: Speech at the LSE Financial Markets Group’, Dec. 15, 2008. [Online]. Available: http://www.bis.org

[69]

E. V. Murphy and M. Jickling, ‘Who Regulates Whom? An Overview of U.S. Financial Supervision: CRS Report for Congress’, Dec. 08, 2010. [Online]. Available: https://fas.org/

[70]

S. Johnson, ‘Economic recovery and the financial crisis: MIT presentation’, Jun. 22, 2009. [Online]. Available: https://baselinescenario.files.wordpress.com/2009/09/recovery-and-crisis-presentation-for-glab-sept-14-2009.pdf

[71]

P.-E. Chabanel, ‘Basel III Insight: Revised Pillar 3 Disclosure Requirements’, Moody’s Analytics, Jul. 14, 2015. [Online]. Available: http://www.moodysanalytics.com/Insight/Regulations/Basel-III/Basel-III-Publications

[72]

A. Admati and M. Hellwig, ‘The battle has only just begun to regulate the banks’, Financial Times, Jun. 2011 [Online]. Available: http://search.proquest.com/docview/870021284?rfr_id=info%3Axri%2Fsid%3Aprimo

[73]

A. Bailey, ‘Progress on prudential regulation and three areas to complete - speech by Andrew Bailey | Bank of England’, Oct. 22, 2015. [Online]. Available: https://www.bankofengland.co.uk/speech/2015/progress-on-prudential-regulation-and-three-areas-to-complete

[74]

T. Beck, ‘The Future of Banking - solving the current crisis while addressing long-term challenges’, The Future of Banking, Oct. 25, 2011. [Online]. Available: http://www.voxeu.org/article/future-banking-solving-current-crisis-while-addressing-long-term-challenges

[75]

V. Acharya, ‘Ring-fencing is good, but no panacea’, The Future of Banking, Oct. 25, 2011. [Online]. Available: http://www.voxeu.org/article/ring-fencing-good-no-panacea

[76]

Marilena Angeli and Shahzad Gitay, ‘Bonus regulation: aligning reward with risk in the banking sector’, vol. Bank of England Quarterly Bulletin 2015 Q4. [Online]. Available: https://www.bankofengland.co.uk/quarterly-bulletin/2015/q4/bonus-regulation-aligning-reward-with-risk-in-the-banking-sector

[77]

‘Governance and the role of Boards - speech by Andrew Bailey | Bank of England’. [Online]. Available: https://www.bankofengland.co.uk/speech/2015/governance-and-the-role-of-boards

[78]

T. Beck, V. Acharya, and M. Richardson, ‘The Dodd-Frank Act, systemic risk and capital requirements’, The Future of Banking, Oct. 25, 2011. [Online]. Available: http://www.voxeu.org/article/dodd-frank-act-systemic-risk-and-capital-requirements

[79]

A. Anat R, P. Demarzo, M. Hellwig, and P. Pfleiderer, ‘Fallacies, Irrelevant Facts, and Myths in the Discussion of Capital Regulation: Why Bank Equity Is Not Expensive’, IDEAS Working Paper Series from RePEc, 2010 [Online]. Available: http://search.proquest.com/docview/1698348164?rfr_id=info%3Axri%2Fsid%3Aprimo

[80]

B. S. Bernanke, ‘Implications of the Financial Crisis for Economics’, Sep. 24, 2010. [Online]. Available: http://www.federalreserve.gov/newsevents/speech/bernanke20100924a.htm

[81]

A. Boot, ‘Destabilising market forces and the structure of banks going forward’, The Future of Banking, Oct. 25, 2011. [Online]. Available: http://www.voxeu.org/article/destabilising-market-forces-and-structure-banks-going-forward

[82]

The de Larosière Group, ‘The High–Level Group on Financial Supervision in the EU Report’, Feb. 25, 2009. [Online]. Available: http://www.hofinet.org/documents/doc.aspx?id=882

[83]

European Commission, Ed., ‘European Commission’. [Online]. Available: http://ec.europa.eu/index_en.htm

[84]

Financial Services Authority, ‘The failure of the Royal Bank of Scotland: Financial Services Authority Board Report’. [Online]. Available: http://webarchive.nationalarchives.gov.uk/20111222123220/http://www.fsa.gov.uk/pages/library/other_publications/miscellaneous/2011/rbs.shtml

[85]

C. A. E. Goodhart, ‘The Vickers Report: an assessment’, Law and Financial Markets Review, vol. 6, no. 1, pp. 32–38, 2012 [Online]. Available: https://contentstore.cla.co.uk//secure/link?id=ca4fa861-4b36-e711-80c9-005056af4099

[86]

C. Goodhart, ‘Chapter 5: How should we regulate bank capital and financial products?  What role for “living wills”?’, in The future of finance: the LSE report, London: London School of Economics & Political Science, 2010.

[87]

P. Gregg, S. Jewell, and I. Tonks, ‘Executive Pay and Performance: Did Bankers’ Bonuses Cause the Crisis?’, International Review of Finance, vol. 12, no. 1, pp. 89–122, Mar. 2012, doi: 10.1111/j.1468-2443.2011.01136.x.

[88]

A. Haldane, ‘The dog and the frisbee’, Aug. 31, 2012. [Online]. Available: https://www.bis.org/review/r120905a.pdf

[89]

HM Treasury, ‘Banking reform: a new structure for stability and growth’, Feb. 04, 2013. [Online]. Available: https://www.gov.uk/government/publications/banking-reform-a-new-structure-for-stability-and-growth

[90]

HM Treasury, ‘A new approach to financial regulation: securing stability, protecting consumers’. HM Treasury [Online]. Available: http://webarchive.nationalarchives.gov.uk/20130129110402/http://www.hm-treasury.gov.uk/d/fin_fs_bill_policy_document_jan2012.pdf

[91]

International Competition Network Antitrust Enforcement in Regulated Sectors Subgroup 1, ‘An increasing role for competition in the regulation of banks’. [Online]. Available: http://www.internationalcompetitionnetwork.org/library.aspx

[92]

J. Kay, ‘Narrow Banking: the reform of banking regulation’, Sep. 15, 2009. [Online]. Available: http://www.johnkay.com/2009/09/15/narrow-banking

[93]

E. Liikanen, ‘High-level Expert Group on Reforming the Structure of the EU Banking Sector Presents its Report’, Targeted News Service, Oct. 2012 [Online]. Available: http://search.proquest.com/docview/1081755484?rfr_id=info%3Axri%2Fsid%3Aprimo

[94]

Office of Fair Trading, ‘Northern Rock: the impact of public support on competition’, The National Archives. [Online]. Available: http://www.nationalarchives.gov.uk/webarchive/

[95]

K. Schaeck and M. Cihák, ‘Banking Competition and Capital Ratios’, European Financial Management, vol. 18, no. 5, pp. 836–866, Nov. 2012, doi: 10.1111/j.1468-036X.2010.00551.x.

[96]

P. Slovik, ‘Systemically Important Banks and Capital Regulation Challenges’, OECD Economic Department Working Papers, no. 916, pp. 5–15 [Online]. Available: http://search.proquest.com/docview/912747180/abstract?accountid=14511

[97]

D. Walker, ‘A review of corporate governance in UK banks and other financial industry entities: Final recommendations’, The National Archives, Oct. 26, 2009. [Online]. Available: http://www.nationalarchives.gov.uk/webarchive/

[98]

M. Wolf, ‘Chapter 9: Why and how should we regulate pay in the financial sector?’, in The future of finance: the LSE report, London: London School of Economics & Political Science, 2010.