Skip to main content Accessibility help
×
Hostname: page-component-8448b6f56d-t5pn6 Total loading time: 0 Render date: 2024-04-24T14:13:01.862Z Has data issue: false hasContentIssue false

5 - An old fashioned banking crisis: credit growth and loan losses in the UK 1997–2012

Published online by Cambridge University Press:  05 June 2016

Jagjit S. Chadha
Affiliation:
University of Kent, Canterbury
Alec Crystal
Affiliation:
Cass Business School
Joe Pearlman
Affiliation:
City University London
Peter Smith
Affiliation:
University of York
Stephen Wright
Affiliation:
Birkbeck, University of London
Get access

Summary

Image of the first page of this content. For PDF version, please use the ‘Save PDF’ preceeding this image.'
Type
Chapter
Information
Publisher: Cambridge University Press
Print publication year: 2016

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Adrian, Tobias and Shin, Hyun Song. (2010a). The changing nature of financial intermediation and the financial crisis of 2007–09. FRB of New York Staff Report, (439).CrossRefGoogle Scholar
Adrian, Tobias and Shin, Hyun Song. (2010b). The changing nature of financial intermediation and the financial crisis of 2007–09. Staff Reports. New York. http://www.newyorkfed.org/research/staff_reports/sr439.html.CrossRefGoogle Scholar
Adrian, Tobias and Shin, Hyun Song. (2009). The shadow banking system: implications for financial regulation. SSRN Electronic Journal, doi:10.2139/ssrn.1441324. http://papers.ssrn.com/abstract=1441324.CrossRefGoogle Scholar
Alba, Pedro, Leonardo, Hernandez and Daniela, Klingebiel. (1999). Financial Liberalization and the Capital Account: Thailand, 1988–97. The World Bank, Washington, DC.Google Scholar
Ashcraft, Adam B and Schuermann, Til. (2008). Understanding the securitization of subprime mortgage credit. Staff Report, Federal Reserve Bank of New York.CrossRefGoogle Scholar
Benford, James and Burrows, Oliver. (2013). Commercial property and financial stability. Bank of England Quarterly Bulletin (1): 4858. http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2013/qb130105.pdf.Google Scholar
Bouveret, Antoine. (2011). An assessment of the shadow banking sector in Europe (July 6). Available at SSRN:http://ssrn.com/abstract=2027007.Google Scholar
Bradshaw, Keith. 2004. Informal lenders in China pose risks to banking system. New York Times. http://www.nytimes.com/2004/11/09/business/worldbusiness/09yuan.html?pagewanted=print&position=&_r=0.Google Scholar
Brunnermeier, M.K. and Pedersen, L.H.. 2008. Market liquidity and funding liquidity. Review of Financial Studies 22(6): 22012238.CrossRefGoogle Scholar
Charumilind, Chutatong, Kali, Raja and Wiwattanakantang, Yupana. (2006). Connected lending: Thailand before the financial crisis*. The Journal of Business 79(1): 181218.CrossRefGoogle Scholar
Davis, E Philip and Zhu, Haibin. (2004). Bank lending and commercial property cycles: some cross-country evidence. 150. Working Paper. BIS working paper.CrossRefGoogle Scholar
Financial Stability Board, . (2013). Global Shadow Banking Monitoring Report 2013. http://www.financialstabilityboard.org/publications/r_131114.htm.Google Scholar
Frydman, Carola, Hilt, Eric and Zhou, Lily Y. (2012). Economic Effects of Runs on Early’Shadow Banks’: Trust Companies and the Impact of the Panic of 1907. National Bureau of Economic Research, Harvard, MA.CrossRefGoogle Scholar
FSA. (2010). The Prudential Regime for Trading Activities. 10/4. Discussion Paper. http://www.fsa.gov.uk/pubs/discussion/dp10_04.pdf.Google Scholar
Goodhart, Charles and Delargy, P.J.R.. (1998). Financial Crises: Plus Ça Change, plus C’est La Même Chose. International Finance 1(2): 261287.CrossRefGoogle Scholar
Gorton, Gary. (2009). The subprime panic*. European Financial Management 15(1): 1046.CrossRefGoogle Scholar
Gorton, Gary B and Metrick, Andrew. (2009). Haircuts. 15273. Working Paper. National Bureau of Economic Research, Harvard, MA.CrossRefGoogle Scholar
Gorton, Gary B. (2010). Slapped by the Invisible Hand: The Panic of 2007. Oxford University Press, UK. http://books.google.com/books?id=8mExI4boLqIC&pgis=1.Google Scholar
Gorton, Gary B. and Metrick, Andrew. (2010a). Regulating the shadow banking system. SSRN Electronic Journal, doi:10.2139/ssrn.1676947. http://papers.ssrn.com/abstract=1676947.CrossRefGoogle Scholar
Gorton, Gary B. and Metrick, Andrew. (2010b). Regulating the shadow banking system. Brookings Papers on Economic Activity (2): 261297, doi:10.1353/eca.2010.0016. http://muse.jhu.edu/content/crossref/journals/brookings_papers_on_economic_activity/v2010/2010.2.gorton.html.Google Scholar
Gorton, Gary and Metrick, Andrew. (2012). Securitized banking and the run on repo. Journal of Financial Economics 104: 425451, doi:10.1016/j.jfineco.2011.03.016. http://linkinghub.elsevier.com/retrieve/pii/S0304405X1100081X.CrossRefGoogle Scholar
He, Dong and McCauley, Robert N.. (2010). Offshore markets for the domestic currency: monetary and financial stability issues. 02/2010. SSRN Electronic Journal. Working Paper, doi:10.2139/ssrn.1699740. http://papers.ssrn.com/abstract=1699740.CrossRefGoogle Scholar
Hördahl, Peter and Michael, King. (2008). Developments in repo markets during the financial turmoil. BIS Quarterly Review, 3753.Google Scholar
Hoggarth, Glenn and Soussa, Farouk. (2001). Crisis management, lender of last resort and the changing nature of the banking industry. Financial Stability and Central Banks. London: Routledge for CCBS and the Bank of England.Google Scholar
Jackson, Patricia. (1996). Deposit protection and bank failures in the United Kingdom. Bank of England Financial Stability Review (1): 3843.Google Scholar
Janssen, Norbert. (2009). Measures of M4 and M4 lending excluding intermediate other financial corporations. Bank of England Monetary & Financial Statistics: 14. http://www.bankofengland.co.uk/statistics/Documents/ms/articles/art1may09.pdf.Google Scholar
Kaminsky, Graciela L and Reinhart, Carmen M. (1999). The twin crises: the causes of banking and balance-of-payments problems. The American Economic Review 89 (3): 473500, doi:10.2307/117029. http://www.jstor.org/stable/117029.CrossRefGoogle Scholar
Leightner, Jonathan E and Lovell, C.A.. (1998). The impact of financial liberalization on the performance of Thai banks. Journal of Economics and Business 50(2): 115131.CrossRefGoogle Scholar
Logan, Andrew. (2000). The early 1990s small bank’ crisis: leading indicators. Bank of England Financial Stability Review (8): 8082.Google Scholar
McCulley, Paul. (2007). Teton reflections. Pimco Global Central Bank Focus. Online: https://www.pimco.com/insights/economic-and-market-commentary/global-central-bank-focus/teton-reflections.Google Scholar
McGuire, Patrick and Von Peter, Goetz. (2009). The US Dollar Shortage in Global Banking. BIS Quarterly Review, 47–63.Google Scholar
Milne, Alistair. (2009). The Fall of the House of Credit. Cambridge, UK: Cambridge University Press. http://www.cambridge.org/gb/knowledge/isbn/item2428039/?site_locale=en_GB.CrossRefGoogle Scholar
Milne, Alistair and Wood, Geoffrey E. (2008). Banking crisis solutions old and new. Federal Reserve Bank of St. Louis Review 90, Sept/Oct.Google Scholar
Moen, Jon and Tallman, Ellis W. 1992. The bank panic of 1907: the role of trust companies. The Journal of Economic History 52(03): 611630.CrossRefGoogle Scholar
Pain, Darren. (2003). The provisioning experience of the major UK banks: a small panel investigation. 177. Working Paper.CrossRefGoogle Scholar
Pozsar, Zoltan, Adrian, Tobias, Ashcraft, Adam B. and Boesky, Haley. (2010). Shadow Banking. 458. SSRN Electronic Journal. Staff Report, doi:10.2139/ssrn.1645337. http://papers.ssrn.com/abstract=1645337.CrossRefGoogle Scholar
Pozsar, Zoltan and Singh, Manmohan. (2011). The Nonbank-Bank Nexus and the Shadow Banking System. http://papers.ssrn.com/abstract=1971440.Google Scholar
RBS. (2009). Annual Report and Accounts, 2008.Google Scholar
Reid, Margaret. (1982). The Secondary Banking Crisis, 1973–75: Its Causes and Course. London and Basingstoke: Macmillan.CrossRefGoogle Scholar
Reinhart, Carmen and Rogoff, Kenneth. (2009). This Time Is Different: Eight Centuries of Financial Folly. Princeton University Press, Princeton, NJ. http://www.amazon.co.uk/This-Time-Different-Centuries-Financial-ebook/dp/B004EYT932/ref=sr_1_1?ie=UTF8&qid=1404847123&sr=8-1&keywords=this+time+is+different+rogoff.Google Scholar
Singh, Manmohan. (2010). The sizable role of Rehypothecation in the shadow banking system. SSRN Electronic Journal, doi:10.2139/ssrn.1670740. http://papers.ssrn.com/abstract=1670740.CrossRefGoogle Scholar
Singh, Manmohan and Aitken, James. (2009). Deleveraging after Lehman – evidence from reduced Rehypothecation. 09/42. Working Papers. http://papers.ssrn.com/abstract=1366171.Google Scholar
United Dominions Trust Ltd 1966 v. Kirkwood BT – QB., 2 431.Google Scholar
Vander Weyer, Martin. (2000). Falling Eagle: The Decline of Barclays Bank. Weidenfeld & Nicolson, London. http://www.amazon.co.uk/Falling-Eagle-Decline-Barclays-Bank/dp/0297644068.Google Scholar

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×