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All Outputs (16)

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.

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.

Repurchase agreements and the (de)construction of financial markets (2019)
Journal Article
Sissoko, C. (2019). Repurchase agreements and the (de)construction of financial markets. Economy and Society, 48(3), 315-341. https://doi.org/10.1080/03085147.2018.1525155

© 2019, © 2019 Informa UK Limited, trading as Taylor & Francis Group. The safety of repurchase agreements (repos) depends on the neoclassical premise that markets are reliable sources of liquidity; repos in practice disprove the theory by generatin... Read More about Repurchase agreements and the (de)construction of financial markets.

The Plight of Modern Markets: How Universal Banking Undermines Capital Markets (2016)
Journal Article
Sissoko, C. (2017). The Plight of Modern Markets: How Universal Banking Undermines Capital Markets. Economic Notes, 46(1), 53-104. https://doi.org/10.1111/ecno.12071

© 2016 Banca Monte dei Paschi di Siena SpA This paper explains the process of competitive deregulation that led both the US and the UK to embrace universal banking and to abandon the functional separation of financial activities that had long charact... Read More about The Plight of Modern Markets: How Universal Banking Undermines Capital Markets.

How to stabilize the banking system: Lessons from the pre-1914 London money market (2016)
Journal Article
Sissoko, C. (2016). How to stabilize the banking system: Lessons from the pre-1914 London money market. Financial History Review, 23(1), 1-20. https://doi.org/10.1017/S0968565016000020

Copyright © European Association for Banking and Financial History e.V. 2016. This article argues that the British financial system in the era prior to World War I provides modern policymakers with a successful model of how to stabilize the banking s... Read More about How to stabilize the banking system: Lessons from the pre-1914 London money market.

Taking asymmetric information seriously: What modern regulators can learn from the structure of the London Stock Exchange in the early twentieth century (2014)
Journal Article
Sissoko, C. (2015). Taking asymmetric information seriously: What modern regulators can learn from the structure of the London Stock Exchange in the early twentieth century. Capital Markets Law Journal, 10(1), 80-97. https://doi.org/10.1093/cmlj/kmu034

© The Author(s) (2014). Key points • In the early years of the twentieth century the London Stock Exchange (LSE) had a unique structure that, this article argues, was well-designed to promote efficient and liquid securities markets because it strictl... Read More about Taking asymmetric information seriously: What modern regulators can learn from the structure of the London Stock Exchange in the early twentieth century.

Is financial regulation structurally biased to favor deregulation (2013)
Journal Article
Sissoko, C. (2013). Is financial regulation structurally biased to favor deregulation. Southern California Law Review, 86(2),

This article finds that the financial regulatory agencies operate in an environment where regulatory actions often face legal challenge, but deregulatory actions are rarely challenged, and argues that the growing use of interpretive rules combined wi... Read More about Is financial regulation structurally biased to favor deregulation.

The legal foundations of financial collapse (2010)
Journal Article
Sissoko, C. (2010). The legal foundations of financial collapse. Journal of Financial Economic Policy, 2(1), 5-34. https://doi.org/10.1108/17576381011055325

Purpose – The purpose of this paper is to analyze the consequences of the “safe harbor” provisions of the US Bankruptcy Code that were enacted from 1984 through 2005 and that protect certain financial contracts from standard bankruptcy procedures.... Read More about The legal foundations of financial collapse.