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Alistair Milne
Researcher at Loughborough University
Publications - 138
Citations - 3207
Alistair Milne is an academic researcher from Loughborough University. The author has contributed to research in topics: Systemic risk & Market liquidity. The author has an hindex of 29, co-authored 132 publications receiving 2925 citations. Previous affiliations of Alistair Milne include Bank of Finland & University of Surrey.
Papers
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Journal ArticleDOI
Apples and Pears: The Comparison of Risk Capital and Required Return in Financial Institutions
Alistair Milne,Mario Onorato +1 more
TL;DR: In this paper, the authors investigate the relationship between return on risk capital (RAROC) and required shareholder returns and show that RAROC is inconsistent with the standard theory of financial valuation and that using this measure to represent at the same time both contribution to default risk and required shareholders returns can lead to substantial loss of shareholder value.
Book ChapterDOI
Post-Crisis Macrofinancial Modeling: Continuous Time Approaches
TL;DR: In this paper, the transmission of monetary policy is characterized as a choice over rules for current and future interest rates, and the response of output and inflation to both demand and supply shocks.
Journal ArticleDOI
Optimal regulation of deposit taking financial intermediaries: A correction
TL;DR: In this paper, the authors corrected a paper of David Miles, published in the European Economic Review in 1995, reversing some of the conclusions he draws, finding that, because depositors are unable to monitor the default risk of individual banks, moral hazard gives banks an incentive to increase risky lending.
Journal ArticleDOI
A briefing on the UK's choice of trade arrangements outside of the EU
TL;DR: The ESRC's UK in a Changing Europe Initiative sponsored by the ESRC in 2016 as discussed by the authors has published an updated version of the briefing note from their conference on international trade agreements after Brexit.
Book ChapterDOI
An old fashioned banking crisis: credit growth and loan losses in the UK 1997-2012
TL;DR: The authors brings together senior macroeconomists from universities and the Bank of England to look at what policy-making lessons can be learned from looking at the period of expansion that preceded the financial crisis.