Prof Emilios Avgouleas gives important presentation at the 3rd Annual Finance Conference at the Bank of England
Thu 18 September 2014
The conference was organised by the National Institute for Economic and Social Research the Centre for Macroeconomics and the ESRC and focused on the state of the UK's Housing Market and the instability risks that this brings to the country's financial system.
Other speakers included Lawrence Schembri, deputy governor of the Central Bank of Canada; Sir John Gieve former Deputy Governor of the Bank of England; Martin Wolf the chief economics editor of the Financial Times; Professor David Miles, a member of the UK's Monetary Policy Committee; distinguished econometrists like Prof. John Muellbauer (Oxford); and world famous finance economists like Charles Goodhart of the LSE, Susan Wachter and Franklin Allen both from Wharton, and senior economists from the National Institute.
The conference was attended by an eclectic audience which included senior Bank of England staff, finance professionals, journalists and policy-makers, including the director of the deputy Prime Minister's office. Emilios' presentation stimulated much discussion, especially his argument about how excessive bank leverage and inflated housing markets create income inequality, and gave rise to a very lively debate on aspects of bank corporate governance with Martin Wolf.
Five of the papers presented in the conference, including Emilios' paper will appear in the special edition of the National Institute' s Review on Housing Finance. Speakers' slides have been uploaded on the National Institute's website and the agenda of the conference may be found here: