On the economics of cross-border reparation payments: The case for a bank of international reparations (2024)
Journal Article
Sissoko, C. (in press). On the economics of cross-border reparation payments: The case for a bank of international reparations. Development and Change,

This essay considers the challenge of ensuring that international reparation payments are effective in benefiting the recipient countries of the reparations. In order to ensure that these financial flows provide long-term benefit to the recipient eco... Read More about On the economics of cross-border reparation payments: The case for a bank of international reparations.

Banks are different: Why bank-based versus market-based lending is a false dichotomy (2024)
Journal Article
Sissoko, C. (in press). Banks are different: Why bank-based versus market-based lending is a false dichotomy. European Journal of Economics and Economic Policies: Intervention,

Bearing risk: Why 'derisking' finance is an oxymoron (2023)
Digital Artefact
Sissoko, C. (2023). Bearing risk: Why 'derisking' finance is an oxymoron. [Article]

Crowding in during the Seven Years’ War (2022)
Working Paper
Sissoko, C., & Palma, N. Crowding in during the Seven Years’ War

We present a detailed study of the Seven Years’ War (1756–1763) using a new dataset based on the Bank of England minutes. We argue that the war and associated Bank of England actions led to a transformation of the financial system. Additionally, whil... Read More about Crowding in during the Seven Years’ War.

Understanding modern money: When the monetary tail is wagging the real economy dog, economic models that don’t take bank regulation into account fall short (2022)
Digital Artefact
Sissoko, C. (2022). Understanding modern money: When the monetary tail is wagging the real economy dog, economic models that don’t take bank regulation into account fall short. [Roundtable publication]

Becoming a central bank: The development of the Bank of England's private sector lending policies during the Restriction (2021)
Journal Article
Sissoko, C. (2022). Becoming a central bank: The development of the Bank of England's private sector lending policies during the Restriction. Economic History Review, 75(2), 601-632. https://doi.org/10.1111/ehr.13110

This paper studies in detail the changes that took place in the Bank of England’s Restriction era policies governing private sector lending. We find that the Bank was adapting to novel monetary circumstances, created both by the evolution of the Engl... Read More about Becoming a central bank: The development of the Bank of England's private sector lending policies during the Restriction.

Modern legal practice as the engine of inequality: An essay on Katharina Pistor’s The Code of Capital (2021)
Journal Article
Sissoko, C. (2021). Modern legal practice as the engine of inequality: An essay on Katharina Pistor’s The Code of Capital. Development and Change, 52(1), 192-201. https://doi.org/10.1111/dech.12629

This review essay of Katharina Pistor's Code of Capital summarizes her argument: legal practice is all about the design of capital assets so that their owners' interests are maximized, and so that courts will not stop these owners from taking unfair... Read More about Modern legal practice as the engine of inequality: An essay on Katharina Pistor’s The Code of Capital.

How the West India trade fostered last resort lending by the Bank of England (2021)
Working Paper
Sissoko, C., & Ishizu, M. How the West India trade fostered last resort lending by the Bank of England

The nature of money in a convertible currency world (2020)
Journal Article
Sissoko, C. (2020). The nature of money in a convertible currency world. Review of Economic Analysis, 12(1),

In a world where the means of exchange is convertible into the numeraire consumption good at a fixed rate, no one wants to hold money over time – and due to convertibility there is no means by which the Friedman rule can generate deflation. This is t... Read More about The nature of money in a convertible currency world.