David T Llewellyn: Changing the culture of banking

“Over the past 20 years, the norms of behaviour in important parts of the banking sector have fallen below what the public has a right to expect” “A loss of trust in the banking sector as a whole has broad and damaging consequences”  — Consultation Paper, Banking Standards Review, February 2014 The focus of thisRead more

Randall M Wigle: A ‘quick’ British-American trade deal? Not a chance

This Blog post was published in The Conversation on 22nd November 2017 – written by SBE’s Visiting Professor of Economics Randall Wigle from Wilfrid Laurier University, Canada Being a Canadian sabbatical visitor in the United Kingdom this year has allowed me to witness Brexit politics at close hand. As an economist, I’ve found it fascinating.Read more

Dr Huw Edwards on the ‘Economists for Free Trade’ report

Economists for Free Trade: Extraordinary Claims Demand Extraordinary Evidence, but they have provided none. In discussing the ‘Economists for Free Trade’ (EFT) ‘report’, I am unfortunately unable to comment upon the numerical and modelling work in any depth, since no technical documents have, to date, been released. (The absence of serious data, model details orRead more

Eric Pentecost: Contagion within and without of the Euro zone

One of the claims of Euro zone membership for the southern European countries was that by joining the Euro their governments could borrow at low (northern European) rates of interest. The reason for this was that there would be no exchange rate risk as all borrowing would be in Euros. This argument, however, ignored theRead more

Andrea Lagna: Financialization of the Italian state

This post was written by Dr Andrea Lagna and was originally published on the SPERI Blog. Modern public debt management and financial innovation have exacerbated Italy’s large, and growing, government debt. The use of financial derivatives by the Italian government continues to appear in the headlines of global news media. Based on Eurostat data, BloombergRead more

David T Llewellyn: 10 myths in the Brexit debate

On June 23rd the British electorate will make one of the most momentous decisions to face the UK in several generations: whether or not to formally leave the EU (BREXIT). It will have momentous implications in several areas: the growth potential of the economy; trade relationships and volumes; foreign direct investment in the economy; theRead more

Brexit: A View from East Asia

Viewing the Brexit debate from East Asia provides an interesting perspective into the international influence enjoyed by both the UK and the EU. From the perspective of China, Japan, and South Korea, both the UK and the EU remain an attractive market: the UK as one of the most liberalised economies in the world; andRead more

The EU Referendum: An application of Public Choice economics

  My small plea in the EU referendum debate is for voters to ignore overblown rhetoric, whether about “the European ideal” or about “this scepter’d isle”, and to focus instead on incentives. I’ll give three brief examples. First, the people working in Brussels – the MEPs, Commissioners, and bureaucrats – are human like the restRead more

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