An Academic Response to Basel II
It is our view that the Basel Committee for Banking Supervision, in its Basel II proposals, has failed to address many of the key deficiencies of the...
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On Physics and Finance
This paper gives a short introduction of the academic field of financial asset pricing and relates some recent as well as historical developments in...
SP 128
The Organisational Structure of Banking Supervision
In this paper I try to address the question of whether, and why, it matters whether banking supervision is undertaken in-house in the Central Bank or...
SP 127
The Emperor has no Clothes: Limits to Risk Modelling
This paper considers the properties of risk measures, primarily Value–at–Risk (VaR), from both internal and external (regulatory) points of view. It...
SP 126
Recent Developments in Central Banking: Some Special Features of the Monetary Policy Committee and of the European System of Central Banks
Presented in the Monnet Lecture at University College, Dublin on 14th October 1999.
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