BIBLIOGRAPHY - The End of Alchemy: Money, Banking, and the Future of the Global Economy - Mervyn King

The End of Alchemy: Money, Banking, and the Future of the Global Economy - Mervyn King (2017)


Acheson, Dean (1969), Present at the Creation: My Years in the State Department, W. W. Norton, New York.

Adams, W.E. (1903), Memoirs of a Social Atom, Dodo Press, London.

Admati, Anat and Martin Hellwig (2013), The Bankers’ New Clothes: What’s Wrong with Banking and What to Do About It, Princeton University Press, Princeton, New Jersey.

Admati, Anat and Paul Pfleiderer (1988), ‘A Theory of Intraday Patterns: Volume and Price Variability’, The Review of Financial Studies, Vol. 1, No. 1, pp. 3-40.

Ahamed, Liaquat (2009), Lords of Finance: The Bankers Who Broke the World, Penguin, New York.

Aikman, David, Mirta Galesic, Gerd Gigerenzer, Sujit Kapadia, Konstantinos Katsikopoulos, Amit Kothiyal, Emma Murphy and Tobias Neumann (2014), ‘Taking Uncertainty Seriously: Simplicity Versus Complexity in Financial Regulation’, Financial Stability Paper No. 28, Bank of England, London.

Aldington, Charles, Peter Garber, James Macdonald and Richard Roberts (2014), Financial History Dinners 2003-2013: A Memoir, Printed by Blissetts, London.

Angeletos, George-Marios, Fabrice Collard and Harris Dellas (2014) ‘Quantifying Confidence’, mimeo, Massachusetts Institute of Technology, Cambridge, Massachusetts.

Arrow, K.J. (1951), ‘An Extension of the Basic Theorems of Classical Welfare Economics’, in Proceedings of the Second Berkeley Symposium on Mathematical Statistics and Probability, J. Neyman (ed.), Berkeley: University of California Press, pp. 507-32.

Arrow, K.J. and Debreu, G. (1954) ‘Existence of an Equilibrium for a Competitive Economy’, Econometrica, Vol. 22, pp. 265-90.

Ashton, Owen, Robert Fyson and Stephen Roberts (1999), The Chartist Legacy, Merlin Press, Suffolk.

Bagehot, Walter (1869), A Universal Money, reprinted in ‘The Collected Works of Walter Bagehot’, The Economist, 1965.

—— (1873), Lombard Street: A Description of the Money Market, Henry S. King and Co., London.

Bank of England (2009), ‘Financial Stability Report’, June 2009, available at

Bank of England Museum (2010), La Caisse Centrale de la France Libre: De Gaulle’s Bank in London, Governor and Company of the Bank of England, London.

Benes, Jaromir and Michael Kumhof (2012), ‘The Chicago Plan Revisited’, IMF Working Paper 12/202, mimeo, Washington.

Bergsten, C. Fred (2014) ‘Germany and the Euro: The Revenge of Helmut Schmidt’, Kurt Viermetz Lecture, American Academy of Berlin, 5 June 2014.

Bernanke, Ben (2005), ‘The Global Savings Glut and the US Current Account Deficit’, Sandbridge Lecture, Virginia Association of Economists, 10 March.

—— (2014), ‘Central Banking After the Great Recession: Lessons Learned and Challenges Ahead’, Discussion at the Brookings Institution, 16 January 2014.

—— (2015), The Courage to Act: A Memoir of a Crisis and Its Aftermath, W. W. Norton, New York.

Bernanke, Ben and Harold James (1991), ‘The Gold Standard, Deflation, and Financial Crisis in the Great Depression: An International Comparison’, pp. 33-68 in R. Glenn Hubbard (ed.), Financial Markets and Financial Crises, University of Chicago Press, Chicago.

Bingham, Tom (2010), The Rule of Law, Penguin, London.

Binswanger, Hans (1994), Money and Magic, University of Chicago Press, Chicago.

Blakey, Robert (1839), The Political Pilgrim’s Progress, John Bell, Newcastle-upon-Tyne.

Blinder, Alan (1995), ‘The Strategy of Monetary Policy’, The Region, Federal Reserve Bank of Minneapolis, 1 September 1995.

—— (1998), Central Banking in Theory and Practice, MIT Press, Cambridge, Massachusetts.

Bogetic, Zeljko (2000), ‘Official Dollarization: Current Experiences and Issues’, Cato Journal, Vol. 20, No. 2, pp. 179-213.

Borio, Claudio and Piti Disyatat (2011), ‘Global Imbalances and the Financial Crisis: Link or No Link?’, BIS Working Paper No. 346, Basel, Switzerland.

Brennan, Simon, Andrew Haldane and Vasileios Madouros (2010), ‘The Contribution of the Financial Sector Miracle or Mirage?’, London School of Economics Report on the Future of Finance, London.

Brito, Jerry and Andrea Castillo (2013), ‘Bitcoin: A Primer for Policymakers’, Mercatus Center, George Mason University, Arlington, Virginia.

Bulow, Jeremy and Paul Klemperer (2013), ‘Market-Based Bank Capital Regulation’, mimeo, University of Oxford, Oxford.

—— (2015), ‘Equity Recourse Notes: Creating Counter-cyclical Bank Capital’, mimeo, University of Oxford, Oxford.

Calomiris, Charles and Stephen Haber (2014), Fragile By Design: The Political Origins of Banking Crises and Scarce Credit, Princeton University Press, Princeton, New Jersey.

Carlyle, Thomas (1849), ‘Occasional Discourse on the Negro Question’, Fraser’s Magazine for Town and Country, Vol. X, p. 672.

Caruana, Jaime (2014), ‘Debt: The View from Basel’, BIS Papers No. 80, Bank for International Settlements, Basel.

Cato Institute (2014),

Celia, Jim and Farley Grubb (2014), ‘Non-Legal-Tender Paper Money: The Structure and Performance of Maryland’s Bills of Credit, 1767-1775’, National Bureau of Economic Research Working Paper 20524, mimeo, Cambridge, Massachusetts.

Chambers, David, Elroy Dimson and Justin Foo (2014), ‘Keynes, King’s and Endowment Asset Management’, National Bureau of Economic Research Working Paper 20421, mimeo, Cambridge, Massachussetts.

Chari, V.V., Alessandro Dovis and Patrick J. Kehoe (2013), ‘Rethinking Optimal Currency Areas’, Federal Reserve Bank of Minneapolis Research Department Staff Report, mimeo.

Clark, Kenneth (1974), Another Part of the Wood: A Self Portrait, Harper and Row, London and New York.

Cobbett, William (1828), Paper Against Gold, W. Cobbett, London.

Cochrane, John H. (2014), ‘Toward a Run-Free Financial System’, in (eds.) Baily, Martin and John Taylor, Across the Great Divide: New Perspectives on the Financial Crisis, Hoover Press, Stanford.

Colley, Linda (2014), Acts of Union and Disunion, Profile Books, London.

Connolly, Bernard (1997), ‘Kohl’s Compromise Won’t Satisfy French Demands’, Wall Street Journal, 5 June.

Cooper, Russell and Andrew John (1988), ‘Coordinating Coordination Failures in Keynesian Models’, Quarterly Journal of Economics, Vol. 103, No. 3, pp. 441-63.

Cowen, David, Richard Sylla and Robert Wright (2006), ‘Alexander Hamilton, Central Banker: Crisis Management During the U.S. Financial Panic of 1972’, Business History Review, Vol. 83, No. 1, pp. 61-86.

Cowen, Tyler (2011), ‘The Great Stagnation: How America Ate All the Low-Hanging Fruit of Modern History, Got Sick, and Will (Eventually) Feel Better’, Penguin eSpecial.

Crowe, Christopher and Ellen Meade (2007), ‘The Evolution of Central Bank Governance around the World’, Journal of Economic Perspectives, Vol. 21, No. 4, pp. 69-90.

Davidsson, Johan Bo (2011), ‘An Analytical Overview of Labour Market Reforms Across the EU: Making Sense of the Variation’, European University Institute, mimeo.

Debreu, G. (1951), ‘The Coefficient of Resource Utilization’, Econometrica, Vol. 19, pp. 273-92.

D’Hulster, Katia (2009), ‘The Leverage Ratio’, Crisis Report Note: number 11, World Bank, Washington DC.

Diamond, D.W. and P.H. Dybvig (1983), ‘Bank Runs, Deposit Insurance, and Liquidity’, The Journal of Political Economy, Vol. 91, No. 3, pp. 401-19.

Doepke, Matthias and Martin Schneider (2013), ‘Money as a Unit of Account’, mimeo,

Dooley, Michael, David Folkerts-Landau and Peter Garber (2003), ‘An Essay on the Revived Bretton-Woods System’, National Bureau of Economic Research Working Paper 9971, Cambridge, Massachusetts.

Dowd, Kevin (2015), ‘Central Bank Stress Tests: Mad, Bad, and Dangerous’, Cato Journal, Vol. 35, No. 3, pp. 507-24.

—— (2015), No Stress: The Flaws in the Bank of England’s Stress Testing Programme, Adam Smith Research Trust, London.

Dumas, Charles (2004), ‘US Balance Sheets Serially Trashed by Eurasian Surplus’, Lombard Street Research Monthly International Review, No. 143, London.

—— (2010), Globalization Fractures: How Major Nations’ Interests Are Now In Conflict, Profile Books, London.

Dumas, Charles and Diana Choyleva (2006), The Bill from the China Shop, Profile Books, London.

Eggertsson, Gauti and Paul Krugman (2012), ‘Debt, Deleveraging, and the Liquidity Trap: A Fisher-Minsky-Koo Approach’, Quarterly Journal of Economics, Vol. 127, No. 3, pp. 1469-1513.

Ericson, Keith, John White, David Laibson and Jonathan Cohen (2015), ‘Money Early or Later? Simple Heuristics Explain Intertemporal Choices Better Than Delay Discounting’, National Bureau of Economic Research Working Paper 20948, mimeo, Cambridge, Massachusetts.

Fama, Eugene (1980), ‘Banking in the Theory of Finance’, Journal of Monetary Economics, Vol. 6, No. 2, pp. 39-57.

Farmer, Roger (2012), ‘Confidence Crashes and Animal Spirits’, Economic Journal, Vol. 122, pp. 155-172.

Feldman, Gerald (1993), The Great Disorder: Politics, Economics, and Society in the German Inflation 1914-1924, Oxford Books, New York.

Field, Alexander J. (2012), A Great Leap Forward: 1930s Depression and U.S. Economic Growth, Yale University Press, New Haven.

Fildes, Christopher (2013), ‘Review of Saving the City by Richard Roberts’, mimeo.

Fischer, David H. (1996), The Great Wave: Price Revolution and the Rhythm of History, Oxford University Press, New York.

Fischer, Stanley (2014), ‘The Great Recession: Moving Ahead’, speech in Stockholm, Board of Governors of the Federal Reserve System, 11 August 2014.

—— (2014), ‘The Federal Reserve and the Global Economy’, Per Jacobsson Foundation Lecture, Annual Meetings of the International Monetary Fund and the World Bank Group, 11 October 2014.

Fisher, Irving (1936a), 100% Money, second edition, Adelphi Company, New York.

—— (1936b), ‘100% Money and the Public Debt’, Economic Forum, April-June, pp. 406-20.

Flandreau, Marc (2000), ‘The Economics and Politics of Monetary Unions: A Reassessment of the Latin Monetary Union, 1865-1871’, Financial History Review, Vol. 7, No. 1, pp. 25-44.

Franklin, Benjamin (1767), The Papers of Benjamin Franklin, Volume 14, ed. Leonard Labaree, Yale University Press, New Haven, 1970.

Friedman, Benjamin (2014), ‘A Predictable Pathology’, Keynote Address at the BIS Annual Conference, Lucerne, Switzerland, 27 June 2014.

Friedman, Milton (1953), Essays in Positive Economics, I - The Methodology of Positive Economics, University of Chicago Press, Chicago.

—— (1956), ‘The Quantity Theory of Money - A Restatement’, in M. Friedman (ed.), Studies in the Quantity Theory of Money, University of Chicago Press, Chicago, pp. 3-21.

—— (1960), A Program for Monetary Stability, Fordham University Press, New York.

Friedman, Milton and Anna Schwartz (1963), A Monetary History of the United States, 1867-1960, Princeton University Press, Princeton, New Jersey.

Fukuyama, Francis (1992), The End of History and the Last Man, Free Press, New York.

Geithner, Timothy (2014), Stress Tests: Reflections on Financial Crises, Crown Publishers, New York.

Gennaioli, Nicola, Andrei Shleifer and Robert Vishny (2015), ‘Neglected Risks: The Psychology of Financial Crises’, National Bureau of Economic Research Working Paper 20875, mimeo, Cambridge, Massachusetts.

Gibbon, Edward (1776), The History of the Decline and Fall of the Roman Empire, page number references to the Everyman edition of 1993, Random House, London.

Gigerenzer, Gerd (2002), Calculated Risks: How to Know When Numbers Deceive You, Simon and Schuster, New York.

—— (2007), Gut Feelings: The Intelligence of the Unconscious, Viking Books, New York.

—— (2014), Risk Savvy: How to Make Good Decisions, Allen Lane, London.

—— (2015), Simply Rational, Oxford University Press, Oxford.

Gigerenzer, Gerd and Henry Brighton (2009), ‘Homo Heuristicus: Why Biased Minds Make Better Inferences’, Topics in Cognative Science, Vol. 1, pp. 107-143.

Gigerenzer, Gerd and Muir Gray eds. (2011), Better Doctors, Better Patients, Better Decisions, MIT Press, Cambridge, Massachusetts.

Goodhart, Charles (1988), The Evolution of Central Banks, MIT Press, Cambridge, Massachusetts.

—— (2015), ‘The Determination of the Quantity of Bank Deposits’, London School of Economics, mimeo.

Goodhart, Charles, Manoj Pradhan and Pratyancha Pardeshi (2015), ‘Could Demographics Reverse Three Multi-Decade Trends?’, Morgan Stanley Research Global Economics, mimeo.

Gordon, Robert J. (2012), ‘Is US Economic Growth Over? Faltering Innovation Confronts the Six Headwinds’, National Bureau of Economic Research Working Paper 18315, Cambridge, Massachusetts.

—— (2016) The Rise and Fall of American Growth: The U.S. Standard of Living since the Civil War, Princeton University Press, Princeton, New Jersey.

Gorton, Gary B. (1989), ‘Public Policy and the Evolution of Banking Markets’, in Bank System Risk: Charting a New Course, Proceedings of a Conference on Bank Structure and Competition, Federal Reserve Bank of Chicago, pp. 233-52.

—— (2012), Misunderstanding Financial Crises, Oxford University Press, Oxford.

Grant, James (2014), The Forgotten Depression: 1921: The Crash That Cured Itself, Simon and Schuster, New York.

Greenspan, Alan (1966), ‘Gold and Economic Freedom’, The Objectivist.

—— (2002), ‘Transparency in Monetary Policy,’ Federal Reserve of St Louis Review, Vol. 84, No. 4, July/August, pp. 5-6.

—— (2014), The Map and the Territory 2.0: Risk, Human Nature and the Future of Forecasting, Penguin Press, New York.

Grossman, Sanford and Merton Miller (1988), ‘Liquidity and Market Structure’, Journal of Finance, Vol. 43, No. 3, pp. 617-33.

Grubb, Farley (2015), ‘Is Paper Money Just Paper Money? Experimentation and Local Variation in the Fiat Paper Monies Issued by the Colonial Governments of British North America, 1690-1775: Part I’, Working Paper Series 2015-07, Department of Economics, University of Delaware, mimeo.

Hahn, Frank (1982), Money and Inflation, MIT Press, Cambridge, Massachusetts.

Haldane, Andrew G. (2013), ‘Turning the Red Tape Tide’, Speech at the International Financial Law Review Dinner, Bank of England, London.

Hall, Robert (1983), ‘Optimal Fiduciary Monetary Systems’, Journal of Monetary Economics, Vol. 12, No. 1, pp. 33-50.

Hammond, Peter J. (1975), ‘Charity: Altruism or Cooperative Egoism?’ in E.S. Phelps (ed.), Altruism, Morality, and Economic Theory, Russell Sage Foundation, New York, pp. 115-131.

Hankey, Thomson (1867), The Principles of Banking, Effingham Wilson, London (page references to the 1887 fourth edition reprinted in 2006 by Elibron Classics).

Hargrave, John (1939), Professor Skinner alias Montagu Norman, Wells Gardner, Darton & Co Ltd, London.

Harris, William (ed.) (2008), Monetary Systems of the Greeks and Romans, Oxford University Press, New York.

Hastings, Max (2013), Catastrophe, William Collins, London.

Hayek, Friedrich (1976), The Denationalization of Money, Institute of Economic Affairs, London.

Hayward, Ian (ed.) (1999), Chartist Fiction: Thomas Doubleday, ‘The Pilgrim’s Progress’ and Thomas Martin Wheeler, ‘Sunshine And Shadow’, Ashgate Publishing, London.

Hellwig, Martin (1995), ‘Systemic Aspects of Risk Management in Banking and Finance’, Swiss Journal of Economics and Statistics, Vol. 131, Issue IV, pp. 723-37.

Hendry, David and Grayham Mizon (2014a), ‘Unpredictability in Economic Analysis, Econometric Modeling and Forecasting’, Journal of Econometrics, Vol. 182, No. 1, pp. 186-95.

—— (2014b), ‘Why DSGEs Crash During Crises’,

Hicks, John R. (1937), ‘Mr. Keynes and the “Classics”: A Suggested Interpretation’, Econometrica, Vol. 5, No.2, pp. 147-59.

—— (1974), The Crisis in Keynesian Economics, Basil Blackwell, Oxford.

Holmstrom, Bengt (2015), ‘Understanding the Role of Debt in the Financial System’, BIS Working Paper No. 479, mimeo, Basel, Switzerland.

Holzer, Henry (1981), Government’s Money Monopoly, Books in Focus, New York.

Houthakker, Hendrik (1950), ‘Revealed Preference and the Utility Function’, Economica, New Series, Vol. 17, No. 66, pp. 159-74.

Hume, David (1752), ‘Of Money’ in Political Discourses, A. Kincaid, Edinburgh.

Hunter, William W. (1868), The Annals of Rural Bengal, second edition, Smith, Elder and Co., London.

Issing, Otmar (1999), ‘Hayek - Currency Competition and European Monetary Union’, Speech at the Annual Memorial Lecture hosted by the Institute of Economics Affairs, London, 27 May 1999.

—— (2008), The Birth of the Euro, Cambridge University Press, Cambridge.

—— (2015), ‘Completing the Unfinished House: Towards a Genuine Economic and Monetary Union?’, Center for Financial Studies Working Paper 521, Frankfurt, forthcoming in International Finance.

Jackson, Andrew and Ben Dyson (2013), Modernizing Money: Why Our Monetary System is Broken and How it Can be Fixed, Positive Money, London.

Jackson, Julian (2001), France: The Dark Years 1940-44, Oxford University Press.

Jarvie, J.R. (1934), The Old Lady Unveiled: A Criticism and Explanation of the Bank of England, Wishart & Company, London.

Johnson, Paul (1997), A History of the American People, Weidenfeld and Nicolson, London.

Kahneman, Daniel (2011), Thinking, Fast and Slow, Farrar, Straus and Giroux, New York.

Kahneman, Daniel and Amos Tversky (1979), ‘Prospect Theory: An Analysis of Decision under Risk’, Econometrica, Vol. 47, pp. 263-91.

Kalemli-Ozcan, Sebnem, Bent E. Sorensen and Sevcan Yesiltas (2012), ‘Leverage Across Firms, Banks and Countries’, Federal Reserve Bank of Dallas Conference on Financial Frictions and Monetary Policy in an Open Economy, mimeo.

Kareken, John (1986), ‘Federal Bank Regulatory Policy: A Description and Some Observations’, Journal of Business, 59, pp. 3-48.

Kay, John (2009), ‘Narrow Banking: The Reform of Banking Regulation’, Center for the Study of Financial Innovation Report, 15 September 2009.

—— (2015), Other People’s Money: The Real Business of Finance, PublicAffairs, New York.

Keating, Paul (2014), ‘Avoiding the Thucydides Trap in Asia’, mimeo, Sydney.

Kerr, Gordon (2011), The Law of Opposites: Illusory Profits in the Financial Sector, Adam Smith Research Trust, London.

Keynes (1914a), The Collected Writings of John Maynard Keynes, Volume 18, Activities: 1914-1919, Macmillan, London, 1971, p. 4.

—— (1914b), ‘War and the Financial System’, Economic Journal, 24, 1971, p. 473.

—— (1919), The Economic Consequences of the Peace, Macmillan & Co., London.

—— (1922), The Collected Writings of John Maynard Keynes, Volume 17, Activities: 1920-1922: Treaty Revision and Reconstruction, ed. Elizabeth Johnson, Macmillan, London, 1977.

—— (1923a), A Tract on Monetary Reform, Macmillan, London.

—— (1923b), The Collected Writings of John Maynard Keynes, Volume 18, Activities: 1922-1932: The End of Reparations, ed. Elizabeth Johnson, Macmillan, London, 1978.

—— (1930), A Treatise on Money, Macmillan, London.

—— (1931), ‘Economic Possibilities for our Grandchildren’, in Essays in Persuasion, Macmillan, London.

—— (1936), The General Theory of Employment, Interest and Money, Macmillan, London.

—— (1937a), ‘The General Theory of Employment’, Quarterly Journal of Economics, Vol. 51, pp. 209-23.

—— (1937b), ‘Some Economic Consequences of a Declining Population’, The Galton Lecture published in Eugenics Review, XXIX, pp. 13-17.

King, Mervyn (2000), ‘Balancing the Economic See-Saw’, Speech at the Plymouth Chamber of Commerce and Industry 187th Anniversary Banquet, 14 April 2000, Bank of England website.

—— (2003), Speech in Leicester, 14 October, Bank of England website.

—— (2006), Speech in Ashford, Kent, 16 January, Bank of England website.

—— (2007), ‘The MPC Ten Years On’, Lecture to the Society of Business Economists, 2 May, Bank of England website.

—— (2009), Speech to the CBI Dinner, Nottingham, at the East Midlands Conference Centre, 20 January, Bank of England website.

—— (2012), ‘Twenty Years of Inflation Targeting’, Stamp Memorial Lecture, London School of Economics, 9 October, Bank of England website.

King, Mervyn and David Low (2014), ‘Measuring the “World” Real Interest Rate’, National Bureau of Economic Research Working Paper 19887, Cambridge, Massachusetts.

King, Robert (1983), ‘On the Economics of Private Money’, Journal of Monetary Economics, Vol. 12, No. 1, pp. 127-58.

Kiyotaki, Nobuhiro and John Moore (2002), ‘Evil is the Root of All Money’, American Economic Review, Vol. 92, No. 2, pp. 62-6.

Kiyotaki, Nobuhiro and Randall Wright (1989), ‘On Money as a Medium of Exchange’, Journal of Political Economy, Vol. 97, pp. 927-54.

Knight, Frank (1921), Risk, Uncertainty and Profit, Houghton Mifflin, Boston and New York.

Kotlikoff, Laurence J. (2010), Jimmy Stewart is Dead: Ending the World’s Ongoing Financial Plague with Limited Purpose Banking, John Wiley and Sons, Hoboken, New Jersey.

Kranister, W. (1989), The Moneymakers International, Black Bear Publishing, Cambridge.

Krawczyk, Jacek and Kunhong Kim (2009), ‘Satisficing Solutions to a Monetary Policy Problem’, Macroeconomic Dynamics, Vol. 13, pp. 46-80.

Krugman, Paul (2011), ‘Mr. Keynes and the Moderns’, Vox, 21 June 2011.

Kynaston, David (1994), The City of London: Vol 1: A World of Its Own, 1815-90, Chatto and Windus, London.

Lainà, Patrizio (2015), ‘Proposals for Full-Reserve Banking: A Historical Survey from David Ricardo to Martin Wolf’, University of Helsinki, mimeo.

Levitt, Steven and Stephen Dubner (2005), Freakonomics: A Rogue Economist Explores the Hidden Side of Everything, William Morrow/Harper Collins, New York.

Lewis, Michael (1989), Liar’s Poker, W. W. Norton, New York.

—— (2014), Flash Boys: A Wall Street Revolt, W. W. Norton, New York.

Litan, Robert (1987), What Should Banks Do? Brookings Institution, Washington, DC.

Lloyd George, David (1933) War Memoirs of David Lloyd George, Volume I, Odhams Press Limited, London.

Lowenstein, Roger (2015), America’s Bank: The Epic Struggle to Create the Federal Reserve, Penguin Press, New York.

Macdonald, James (2015), When Globalization Fails: The Rise and Fall of Pax Americana, Farrar, Strauss and Giroux, New York.

Macey, Jonathan and Geoffrey Miller (1992), ‘Double Liability of Bank Shareholders: History and Implications’, Wake Forest Law Review, Vol. 27, pp. 31-62.

MacGregor, Neil (2010), A History of the World in 100 Objects, Allen Lane, London.

—— (2014), Germany: Memories of a Nation, Allen Lane, London.

McLean, Bethany and Peter Elkind (2003), The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron, Portfolio, New York.

Maddison, Angus (2004), The World Economy: Historical Statistics, OECD, Paris.

Malthus, Thomas (1798), An Essay on the Principle of Population, J. Johnson in St Paul’s Church-yard, London.

Mansfield, William (1761), Hamilton v. Mendes, 2 Burr 1198.

Marshall, Alfred (1906), Letter to A.L. Bowley in A.C. Pigou (ed.) (1925) Memorials of Alfred Marshall, Macmillan, London.

Marx, Karl (1867), Das Kapital, Otto Meissner, Hamburg.

Marx, Karl and Friedrich Engels (1848), The Communist Manifesto, Section 1, para 53, lines 11-13.

Matthews, Robin (1960), The Trade Cycle, Cambridge University Press, Cambridge.

Mehrling, Perry (2011), The New Lombard Street: How the Fed Became the Dealer of Last Resort, Princeton University Press, Princeton, New Jersey.

Menger, Carl (1892), ‘On the Origins of Money’, Economic Journal, Vol. 2, pp. 239-55.

Mill, John Stuart (1848), Principles of Political Economy, John W. Parker, London.

Minsky, Hyman (1975), John Maynard Keynes, Columbia University Press, New York.

—— (1986), Stabilizing an Unstable Economy, Yale University Press, New Haven.

—— (1994), ‘Financial Instability and the Decline (?) of Banking: Public Policy Implications’, Hyman P. Minsky Archive, Paper 88.

Moggridge, Donald E. (1992), Maynard Keynes: An Economist’s Biography, Routledge, London.

Mohr, Thomas (2014), ‘The Political Significant of the Coinage of the Irish Free State’, University College of Dublin Working Papers in Law, Criminology and Socio-Legal Studies Research Paper No. 11, 25 September 2014.

Mundell, Robert (1961), ‘Theory of Optimum Currency Areas’, American Economic Review, Vol. 51, No. 4, pp. 657-65.

Neal, Larry and Geoffrey G. Williamson (eds.) (2014), The Cambridge History of Capitalism, Cambridge University Press, Cambridge.

O’Neill, Onora (2002), ‘A Question of Trust’, BBC Reith Lectures 2000, Cambridge University Press, Cambridge.

Patinkin, Don (1956), Money, Interest, and Prices: An Integration of Monetary and Value Theory, Row, Peterson and Co., Evanston, Illinois.

Paulson, Hank (2010), On the Brink: Inside the Race to Stop the Collapse of the Global Financial System, Business Plus, New York.

Priest, Claire (2001), ‘Currency Policies and Legal Development in Colonial New England’, 110 Yale Law Journal, 1303.

Rachel, Lukasz and Thomas Smith (2015), ‘Drivers of Long-Term Global Interest Rates - Can Weaker Growth Explain the Fall?’ Bank Underground, Bank of England website.

Rae, John (1895), The Life of Adam Smith, Macmillan and Co., London.

Reddaway, W. Brian (1939), The Economic Consequences of a Declining Population, Allen and Unwin, London.

Reinhart, Carmen M. and Kenneth S. Rogoff (2009), This Time is Different: Eight Centuries of Financial Folly, Princeton University Press, Princeton, New Jersey.

Reinhart, Carmen, Vincent Reinhart and Kenneth Rogoff (2015), ‘Dealing with Debt’, Journal of International Economics, forthcoming.

Ricardo, David (1816), Proposals for an Economical and Secure Currency, T. Davison, London.

Roberts, Andrew (2014), Napoleon the Great, Allen Lane, London.

Roberts, Richard (2013), Saving the City, Oxford University Press, Oxford.

Robertson, James (2012), Future Money: Breakdown or Breakthrough? Green Books, Totnes, Devon.

Rodrik, Dani (2011), The Globalization Paradox, second edition, Oxford University Press, Oxford.

Rogoff, Kenneth (2014), ‘The Costs and Benefits of Phasing Out Paper Currency’, National Bureau of Economic Research Macroeconomics Annual, Vol. 29.

Russell, Bertrand (1912), The Problems of Philosophy, Williams and Norgate, London.

Samuelson, Paul (1937), ‘Some Aspects of the Pure Theory of Capital’, Quarterly Journal of Economics, Vol. 51, pp. 469-96.

—— (1958), ‘An Exact Consumption-Loan Model of Interest With or Without the Social Contrivance of Money’, Journal of Political Economy, Vol. 68, pp. 467-82.

Schacht, Hjalmar (1934), ‘German Trade and German Debt’, Foreign Affairs, October 1934.

—— (1955), My First Seventy-Six Years, Allan Wingate, London.

Schumpeter, Joseph (1942), Capitalism, Socialism and Democracy, Harper and Row, New York.

Sedgwick, Theodore Jr. (ed.), (1840), A Collection of the Political Writings of William Leggett, Vol. I, Taylor and Dodd, New York.

Shin, Hyun Song, (2009), ‘Reflections on Northern Rock: The Bank Run that Heralded the Global Financial Crisis’, Journal of Economic Perspectives, Vol. 23, No. 1, pp. 101-19.

—— (2012), ‘Global Banking Glut and Loan Risk Premium’, IMF Economic Review, Vol. 60, No. 2, pp. 152-92.

Silber, William (2007), When Washington Shut Down Wall Street, Princeton University Press, Princeton, New Jersey.

Simon, Herbert (1956), ‘Rational Choice and the Structure of the Environment’, Psychological Review, Vol. 63, No. 2, pp. 129-38.

Sims, Christopher (2013), ‘Paper Money’, American Economic Review, Vol. 103, No. 2, pp. 563-84.

Smith, Adam (1759), Theory of Moral Sentiments, A. Millar, London.

—— (1766), Lectures on Jurisprudence, B, Report dated 1766, p. 493.

—— (1776), Wealth of Nations, W. Strahan and T. Cadell, London.

Smith, Ed (2012), Luck: What it Means and Why it Matters, Bloomsbury Publishing, London.

Solow, Robert M. (1956), ‘A Contribution to the Theory of Economic Growth’, Quarterly Journal of Economics, 70(1), pp. 65-94.

Stiglitz, Joseph (2014), ‘Reconstructing Macroeconomic Theory to Manage Economic Policy’, National Bureau of Economic Research Working Paper 20517, mimeo, Cambridge, Massachusetts.

Summers, Lawrence H. (1983), ‘“On the Economics of Private Money” by Robert G. King’, Journal of Monetary Economics, Vol. 12, No. 1, pp. 159-62.

—— (2014), ‘U.S. Economic Prospects: Secular Stagnation, Hysteresis, and the Zero Lower Bound’, Business Economics, Vol. 49, pp. 65-73.

—— (2015), ‘Reflections on Secular Stagnation’, Speech at the Julius-Rabinowitz Center, Princeton University, 19 February 2015.

Syed, Matthew (2011), Bounce: The Myth of Talent and the Power of Practice, Fourth Estate, London.

Taleb, Nassim (2012), Antifragile: How to Live in a World We Don’t Understand, Allen Lane, London.

Taleb, Nassim and M. Blyth (2011), ‘The Black Swan of Cairo’, Foreign Affairs, Vol. 90, No. 3.

Tallentyre, S.G. (ed.) (1919), Voltaire in His Letters, G.P. Putnam’s Sons, New York.

Taylor, Alan (2015), ‘Credit, Financial Stability, and the Macroeconomy’, Annual Review of Economics, Vol. 7, pp. 309-39.

Taylor, John B. (2014), ‘The Federal Reserve in a Globalized World Economy’, Federal Reserve Bank of Dallas Conference, September 2014, mimeo.

Temin, Peter (2014), ‘The Cambridge History of “Capitalism”’, National Bureau of Economic Research Working Paper 20658, Cambridge, Massachusetts.

Thaler, Richard (1991), Quasi Rational Economics, Russell Sage Foundation, New York.

Thaler, Richard and Cass Sunstein (2008), Nudge: Improving Decisions about Health, Wealth and Happiness, Yale University Press, New Haven.

Thornton, Henry (1802), An Enquiry into the Nature and Effects of the Paper Credit of Great Britain, J. Hatchard, London.

Tobin, James (1985), ‘Financial Innovation and Deregulation in Perspective’, Bank of Japan Monetary and Economic Studies, Vol. 3, No. 2, pp. 19-29.

Tuckett, David (2011), Minding the Markets: An Emotional Finance View of Financial Instability, Palgrave Macmillan, London.

—— (2012), ‘The Role of Emotions in Financial Decisions’, The Barbon Lecture, 24 May 2012.

Tuckman, Bruce (2013), ‘Embedded Financing: The Unsung Virtue of Derivatives’, The Journal of Derivatives, Vol. 21, No. 1, pp. 73-82.

—— (2015), ‘In Defense of Derivatives: From Beer to the Financial Crisis’, Policy Analysis, Number 781, Cato Institute.

Turner, Adair (2014), ‘Central Banking and Monetary Policy after the Crisis’, City Lecture at the Official Monetary and Financial Institutions Forum (OMFIF), London, 9 December 2014.

—— (2015), Between Debt and the Devil, Princeton University Press, Princeton, New Jersey.

Tversky, Amos and Daniel Kahneman (1974), ‘Judgment under Uncertainty: Heuristics and Biases’, Science, Vol. 185, No. 4157, pp. 1124-31.

Waley, Arthur (1938), The Analects of Confucius, Allen and Unwin, London.

Weale, Martin (2015), ‘Prospects for Supply Growth in Western Europe’, Speech at the Rijksuniversiteit, Groningen, 12 October, Bank of England website.

Wheatley, Martin (2012), The Wheatley Review of LIBOR - Final Report, HM Treasury, London.

Willetts, David (2010), The Pinch: How the Baby Boomers Took Their Children’s Future - And How They Can Give it Back, Atlantic Books, London.

Wolf, Martin (2010), ‘The Challenge of Halting the Financial Doomsday Machine’, Financial Times, 20 April 2010.

—— (2014), The Shifts and the Shocks, Penguin, London.

Woodford, Michael (2003), Interest and Prices, Princeton University Press, Princeton, New Jersey.

—— (2013), ‘Forward Guidance by Inflation-Targeting Central Banks’, mimeo, Columbia University.

Woollcott, Alexander (1934), While Rome Burns, Viking Press, New York.

Yermack, David (2013), ‘Is Bitcoin a Real Currency?’, National Bureau of Economic Research Working Paper 19747, Cambridge, Massachusetts.

Zweig, Stefan (1943) The World of Yesterday, Viking Press, New York.