Institution
Bank of England
Other•London, United Kingdom•
About: Bank of England is a other organization based out in London, United Kingdom. It is known for research contribution in the topics: Monetary policy & Inflation. The organization has 968 authors who have published 2371 publications receiving 76544 citations. The organization is also known as: Governor and Company of the Bank of England.
Papers published on a yearly basis
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TL;DR: In this article, the authors apply vector autoregression (VAR) to firm-level panel data from 36 countries to study the dynamic relationship between firms' financial conditions and investment, and find that the impact of financial factors on investment is significantly larger in countries with less developed financial systems.
1,467 citations
Posted Content•
TL;DR: A discussion forum based around Thomas Piketty's book, Capital in the twenty-first century, with a number of economists from academia, public sector bodies and private sector institutions was held at the Centre for Economic Policy Research and the Bank of England.
Abstract: On 19 December 2014, the Centre for Economic Policy Research and the Bank of England hosted a discussion forum based around Thomas Piketty’s book, Capital in the twenty-first century, with a number of economists from academia, public sector bodies and private sector institutions. Four speakers presented research on various issues relating to inequality, including: access to education; wealth and taxation policy; and the role of governance and institutions. This article presents each speaker’s key arguments, and includes a summary of the open-floor debate that followed.
1,286 citations
TL;DR: Drawing analogies with the dynamics of ecological food webs and with networks within which infectious diseases spread, the interplay between complexity and stability in deliberately simplified models of financial networks is explored.
Abstract: In the run-up to the recent financial crisis, an increasingly elaborate set of financial instruments emerged, intended to optimize returns to individual institutions with seemingly minimal risk. Essentially no attention was given to their possible effects on the stability of the system as a whole. Drawing analogies with the dynamics of ecological food webs and with networks within which infectious diseases spread, we explore the interplay between complexity and stability in deliberately simplified models of financial networks. We suggest some policy lessons that can be drawn from such models, with the explicit aim of minimizing systemic risk.
1,237 citations
TL;DR: In this article, the results of a questionnaire survey, conducted on behalf of the Bank of England, among chief foreign exchange dealers based in London in November 1988, revealed that at least 90 per cent of respondents place some weight on this form of non-fundamental analysis when forming views at one or more time horizons.
1,166 citations
TL;DR: The authors developed an analytical model of contagion in financial networks with arbitrary structure and explored how the probability and potential impact of contagions is influenced by aggregate and idiosyncratic shocks, changes in network structure, and asset market liquidity.
Abstract: This paper develops an analytical model of contagion in financial networks with arbitrary structure. We explore how the probability and potential impact of contagion is influenced by aggregate and idiosyncratic shocks, changes in network structure, and asset market liquidity. Our findings suggest that financial systems exhibit a robust-yet-fragile tendency: while the probability of contagion may be low, the effects can be extremely widespread when problems occur. And we suggest why the resilience of the system in withstanding fairly large shocks prior to 2007 should not have been taken as a reliable guide to its future robustness.
1,124 citations
Authors
Showing all 983 results
| Name | H-index | Papers | Citations |
|---|---|---|---|
| Charles Goodhart | 76 | 434 | 20312 |
| Stephen Nickell | 74 | 217 | 33350 |
| Richard J. Harrison | 74 | 444 | 20750 |
| Mark P. Taylor | 72 | 282 | 24674 |
| David G. Blanchflower | 69 | 305 | 23604 |
| Stephen J. Redding | 69 | 247 | 24641 |
| Andrew Mason | 63 | 360 | 15198 |
| Anil K. Kashyap | 63 | 200 | 27349 |
| Laurence Ball | 58 | 173 | 15133 |
| Richard T. Harrison | 56 | 226 | 11376 |
| David Miles | 55 | 234 | 15716 |
| Jan Groen | 47 | 186 | 8425 |
| Edward Nelson | 46 | 143 | 7819 |
| John Vickers | 45 | 122 | 13194 |
| Kristin J. Forbes | 45 | 116 | 16519 |