Special papers

Originally, FMG special papers were the only FMG working paper series. These days special papers investigate broader ideas in the financial markets than the discussion papers, often following conferences, at which debates have stimulated further research and cooperation between participants and the wider academic and professional financial community.

The FMG's special paper series dates back to the founding of the FMG in 1987 with the first papers having been written by FMG co-founders Mervyn King and Charles Goodhart. Currently, only papers from 1995 onwards have been made available online.

Research published in the special paper series often plays a role in public debate, being a vehicle for FMG staff to comment on topical questions in finance and influence policy.

2015/16 special papers

SP245: Political Economy of a Euro Area Banking Crisis
Panicos O. Demetriades (March 2016)

SP244: The Systemic Risk Buffer for UK Banks: A Response to the Bank of England's Consultation Paper
John Vickers (April 2016)

SP243: The United States dominates global investment banking: does it matter for Europe?
Charles Goodhart and Dirk Schoenmaker (March 2016)

SP242: Bank Risk Premia and Abenomics: The Return of the Japan Premium in the Cross-Currency Swap Market
Mimoza Shabani, Alexis Stenfors and Jan Toporowski (January 2016)

SP241: Shaken but not Stirred? The Banking System Seven Years after the Crisis
Andreas Dombret (October 2015)

SP240: Papers by Otmar Issing and Charles Goodhart on the occasion of a Conference in honour of Prof Ben Friedman, held in Frankfurt on June 24, 2015
Charles Goodhart and Otmar Issing (October 2015)

SP239: A Kalecki Fable on Debt andthe Monetary Transmission Mechanism
Jan Toporowski (August 2015)

SP238: Failed Lehman Rescue efforts:Myths, Facts, and Lessons
Yusuke Horiguchi (August 2015)

SP237: Structural Banking Reforms: an illusionary solution
Jacques de Larosière (July 2015)

SP236: Six structures in search of stability
Thomas F. Huertas (July 2015)

SP235: Maturity Mismatch Stretching: Banking Has Taken a Wrong Turn
C.A.E. Goodhart & E. Perotti (July 2015)