Outputs (5)
Crowding in during the Seven Years’ War (2024)
Journal Article
We present a financial history of the Seven Years’ War (1756–1763) using a new dataset derived from the Bank of England minutes. We argue that the war and the associated actions of the Bank of England led to a transformation of the financial system.... Read More about Crowding in during the Seven Years’ War.
On the economics of cross-border reparation payments: The case for a bank of international reparations (2024)
Journal Article
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
This paper introduces modern readers to ‘banking theory’, that is, to the understanding of the banking system that was held by academics and practitioners in the early years of the twentieth century. This theory contrasts with the theoretic framework... Read More about Banks are different: Why bank-based versus market-based lending is a false dichotomy.
Bearing risk: Why 'derisking' finance is an oxymoron (2023)
Digital Artefact