Carolyn Sissoko, University of the West of England
The paper argues that a change in the Bank of England’s commercial discount policy at the end of the Seven Years’ War promoted the growth of banking.
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Why Lancashire? Banking As the Spark That Set Off Industrialization”
Carolyn Sissoko, University of the West of England
This paper sets forth a framework modeling the traditional ‘banking approach’ to central bank liquidity provision and advocates a return to it. These reforms must be accompanied by a clear policy that in the event that any bank requires re-capitalization by the government, existing shareholder interests will be wiped out, and ownership will be transferred to the government.
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Financial dominance: why the ‘market maker of last resort’ is a bad idea and what to do about it”
February 16, 2022
Understanding modern money: when the monetary tail is wagging the real economy dog, economic models that don’t take bank regulation into account fall short
More “Fall 2021 - A Symposium on: Stephen A. Marglin’s Raising Keynes: A Twenty-First Century Theory
Carolyn Sissoko, Understanding modern money: when the monetary tail is wagging the real economy dog, economic models that don’t take bank regulation into account fall short”
Contributors: Michael Woodford, Charles Goodhart, Gerald Epstein, James Galbraith, Bill Janeway, David Laidler, Marc Lavoie, Perry Mehrling, James Rose, Carolyn Sissoko, & Randy Wray
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Stephen A. Marglin’s Raising Keynes: A Twenty-First Century General Theory”
Contributors: Katharina Pistor, James McAndrews, Saule Omarova, Mark Blyth, Jamee Moudud, Elham Saeidinezhad, Dan Awrey, Fadhel Kaboub, Leah Downey, Virginia France, Lev Menand, Nadav Orian Peer, Robert Hockett, Carolyn Sissoko, Jens van 't Klooster, Oscar Perry Abello, and Gerald Epstein
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Special Edition: Money in the Time of Coronavirus”
April 10, 2020
Carolyn Sissoko, University of the West of England
Coronavirus and the immense economic costs associated with repressing its growth has provoked a debate over how to distribute those costs.
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C. Sissoko, The Problem with Shareholder Bailouts isn’t Moral Hazard, but Undermining State Capacity”
March 27, 2020
Carolyn Sissoko, University of the West of England
A recurring theme in the papers that I have written is that asset price instability is endemic in a system of collateralized lending based on repurchase agreements
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C. Sissoko, A Fire Sale in the US Treasury Market: What the Coronavirus Crisis Teaches us About the Fundamental Instability of our Current Financial Structure”