Portugal's Espirito Santo Group shows that complex, opaque corporate structures with embedded banks create moral hazard and the risk of fraud.
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The size of new mortgages compared with borrower incomes is rising, suggesting households are becoming more vulnerable to income and interest rate shocks. Will macroprudential regulation be enough?
A majority of economists surveyed by the Centre for Macroeconomics think it is time to use macroprudential tools to calm the UK's housing market.
Is it possible to embrace big banks, while disavowing Too Big To Fail?
The growth in foreign ownership in the UK is something to be welcomed, not feared. Foreign firms increase competition and help disseminate new ideas as local firms copy business methods and innovation.
Director of the Centre for Economic Performance3 articles | View profile
Fiscal pessimism - by @Frances_Coppola http://t.co/RyB52UV0H1
This week's Newsletter is live: The Rise and Fall of Piketty Critiques - http://t.co/JArjPS6CnB
Shredded, the RBS saga and banking reform - by @ShodanAlexM http://t.co/QZGDdPpHVO
Ultra-liquidity - http://t.co/ZW4c73iQoO
The retrospective nature of volatility can induce a false sense of security - http://t.co/HKmtyk0eCq