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.
2013 Special Papers
FMG Special Papers published in 2013 are listed below. You can access previous years' Special Papers via the menu on the left-hand side of this page.
SP227: Lost at Sea: The Euro Needs a Euro Treasury [PDF]
Jörg Bibow (November 2013)
SP226: Financial Regulation After the Crisis:
How Did We Get Here, and How Do We Get Out? [PDF]
Gerard Caprio, Jr. (November 2013)
SP225: U.K. Monetary Policy: Observations on its Theory and Practice [PDF]
SGB Henry (July 2013)
SP224: Macro-Modelling, Default and Money [PDF]
Charles Goodhart, Dimitrios Tsomocos and Martin Shubik (June 2013)
SP223: Can Regulation, Supervision & Survellance save Euroland [PDF]
Leif Pagrosky (June 2013)
SP222: Too Big Fail in Banking: What does this mean? [PDF]
George Kaufman (June 2013)
SP221: Safe to Fail [PDF]
Thomas F. Huertas (June 2013)
SP220: The Optimal Finance Structure [PDF]
C.A.E. Goodhart (March 2013)
SP219: The Potential Instruments of Monetary Policy [PDF]
C.A.E. Goodhart (January 2013)
SP218: “Theory anchors” explain the 1920s NYSE Bubble [PDF]
Ali Kabiri (January 2013)
SP217: What should we do about (Macro) Pru? Macro Prudential Policy and Credit [PDF}
Ray Barrell and Dilruba Karim (January 2013)