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Publications

The Centre has a regular discussion paper series dedicated to academic research, as well as a special paper series focused on policy analysis. In addition, affiliated researchers publish a variety of books, reports and opinion pieces.

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Special Papers

An Approach to European Currency Unification

Download not available

January 1988
SP 12
Charles Goodhart

Special Papers

Meltdown Monday or Meltdown Money: Consequences of the Causes of a Stock Market Crash

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January 1988
SP 11
Mark Mullins

Discussion Papers

The Transactions Role of Financial Assets: a Survey

A critical survey of the literature examining the roles of various financial (and commodity) assets in the transactions process is undertaken. The...

November 1987
DP 26
Arthur Grimes

Discussion Papers

Measuring the Cost of Capital When Taxes Are Changing with Foresight

The familiar Hall-Jorgenson (1967) approach to measuring the cost of capital considers a perturbation from the optimal path of the capital stock...

November 1987
DP 19
Mark Robson

Discussion Papers

Credit Market Efficiency and Tax Policy in the Presence of Screening Costs

Download is not available 

October 1987
DP 25
David de Meza
David Webb

Discussion Papers

Two Period Financial Contracts

Download is not available 

September 1987
DP 24
David Webb

Discussion Papers

Intertemporal Substitution, Risk Aversion and the Euler Equation for Consumption: Evidence From Aggregate and Average Cohort Data

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September 1987
DP 23
Orazio P. Attanasio
Guglielmo Weber

Discussion Papers

Are UK Stock Prices Excessively Volatile?

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September 1987
DP 22
George Bulkley
Ian Tonks

Discussion Papers

Monetary Policy with Unregulated Banks

An  analytical basis is provided for the conduct of monetary policy in an economy with a completely unregulated banking system. In particular, the...

June 1987
DP 21
Arthur Grimes

Discussion Papers

Signalling, Taxes and the Transaction Cost of Takeovers

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May 1987
DP 18
Ailsa Röell

Discussion Papers

Empirical Evidence on Wealth Accumulation and the Effects of Pension Wealth: An Application To Italian Cross-Section Data

This paper investigates the effects of pension wealth on households non-pension net worth for an Italian cross-section sample, by estimating a simple...

May 1987
DP 20
Agar Brugiavini

Discussion Papers

Why Don't Individuals Speculate In The Foreign Exchange Market

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April 1987
DP 17
Charles Goodhart
Mark P. Taylor

Discussion Papers

Rules and the Quality of Markets

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April 1987
DP 15
Ailsa Röell

Discussion Papers

Asset Accumulation, Information and The Life-Cycle

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April 1987
DP 14
Mervyn King
Jonathan Leape

Discussion Papers

Tax Policy After The Election: What Would Change With The Government

Download is not available 

March 1987
DP 13
John Hills

Discussion Papers

Prospects For Tax Reform In 1988

Download is not available

March 1987
DP 10
Mervyn King

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Deposit Competition Beyond Rates

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Firms’ Perceived Cost of Capital

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Shareholder Empowerment and Ownership Structure in a Free-Co ...

Price discovery with a richer market microstructure noise

Time-varying price discovery

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