Publications

It’s not over yet: the implications of the credit crunch

29th October 2007 publication

2007 will go down in economic history as a roller-coaster – it’s not often that we see a global credit crunch which requires over half a trillion dollars to stabilise, and a run on a major London bank. The former occurs roughly every quarter of a century, the latter on a century scale – though there were no UK bank runs in the entire twentieth century.