At a lunch at the Mansion House on 25 May 2011, John received the Senior Financial Journalist award from the Wincott Foundation in recognition of his Financial Times columns. All these columns can be found on this site in articles. For John’s recent Wincott Foundation lecture, click here.
INET (the Institute for New Economic Thinking) is an initiative kick-started by George Soros to promote a more pluralist approach to economic thinking in the wake of the financial crisis. John is a member of the INET advisory board. INET is based in New York (http://ineteconomics.org/) and has sponsored major conferences at King’s College, Cambridge, in 2010 and Bretton Woods in 2011. It has also provided (and continues to provide) substantial research funding, including initiatives at Oxford and LSE. In an interview with INET’s director, Rob Johnson, at INET’s New York offices, John discusses his recent book Obliquity, which was published in the US in April.
INET and Obliquity Read More »
The credit crunch of 2007–8 was the direct and indirect result of losses incurred by major financial services companies in speculative trading in wholesale financial markets. The largest source of systemic risk was within individual financial institutions themselves. The capital requirements regime imposed by the Basel agreements both contributed to the problem and magnified the damage inflicted on the real economy after the problem emerged. This chapter argues that regulatory reform should emphasize systemic resilience and robustness, not more detailed behavioural prescriptions. It favours functional separation of financial services architecture, with particular emphasis on narrow banking—tight restriction of the scope and activities of deposit-taking institutions.
Should We Have ‘Narrow Banking’? Read More »
When corporations’ main assets are intangible, the location of their profit is still more difficult to pin down. A Swiss corporation discovers a drug at its research lab in England, manufactures it in Belgium and sells it in the US.
There is no alternative to agreeing how we tax companies Read More »
