Lessons from the Northern Rock Episode

Abstract

We consider the lessons that might be learned by other countries from the problems with Northern Rock and the reactions of the UK authorities. We ask whether the surprise of the run on the bank came because economic analysis did not provide the right guidance or whether it was simply a problem of practical implementation. We conclude it was the latter and… (More)

Cite this paper

@inproceedings{Mayes2008LessonsFT, title={Lessons from the Northern Rock Episode}, author={David G. Mayes and Geoffrey A Wood}, year={2008} }