This time is different: causes and consequences of British banking instability, 1830-2010

Add to your list(s) Download to your calendar using vCal

• Dr Christopher Coyle, Queen's University, Belfast
• Monday 26 May 2014, 17:00-18:30
• Sidgwick Hall (or Old Dining Room), Newnham College.

If you have a question about this talk, please contact Dr Duncan Needham.

This paper addresses two questions: (1) What are the macroeconomic indicators of banking instability? and (2) What are the consequences of banking instability for the cost of credit? Using a unique dataset of bank share prices from 1830-2010 to assess the stability of the British banking system, we find that banking instability has grown more severe towards the final quarter of the twentieth century. We also find that interest rates, inflation, lending growth and equity prices are consistent macroeconomic indicators of UK banking instability over the long-run. Furthermore, utilising a unique dataset of corporate-bond yields, we find that there is a significant long-run causal relationship between banking instability and the credit risk premium faced by UK businesses.

This talk is part of the Financial History Seminar series.

This talk is included in these lists:

• AUB_Cambridge Seminars
• CERF and CF Events
• Centre for Health Leadership and Enterprise
• Chris Davis' list
• Darwin Lectures and Seminars
• Economic and Social History Seminars
• Economics and Philosophy
• Financial History Seminar
• Neurons, Fake News, DNA and your iPhone: The Mathematics of Information
• Sidgwick Hall (or Old Dining Room), Newnham College
• history

Note that ex-directory lists are not shown.