Alistair Milne

Loughborough University - Loughborough Business School

Professor of Financial Economics

Epinal Way

Leics LE11 3TU

Leicestershire

United Kingdom

  • Loughborough University - Loughborough Business School

SCHOLARLY PAPERS

58

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TOTAL CITATIONS
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Top 10,195

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261

Scholarly Papers (58)

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1.

The Business Models and Economics of Peer-to-Peer Lending

ECRI Research Report, 2016, No 17
Number of pages: 35 Posted: 13 Apr 2016 Last Revised: 09 Oct 2016
Alistair Milne and Paul Parboteeah
Loughborough University - Loughborough Business School and Loughborough University - Loughborough Business School
Downloads 5,331 (3,600)
Citation 40

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Market place lending, financial regulation, credit risk, credit markets, liquidity risk, standardisation, digital economy, banking competition, credit availability, small business lending, consumer credit

2.

Fintech and the Future of Financial Services: What Are the Research Gaps?

Downloads 5,141 ( 3,824)
Citation 32

Fintech and the Future of Financial Services: What Are the Research Gaps?

CAMA Working Paper No. 18/2019
Number of pages: 86 Posted: 13 Feb 2019
Anil Savio Kavuri and Alistair Milne
Centre for Applied Macroeconomic Analysis and Loughborough University - Loughborough Business School
Downloads 3,333 (7,699)
Citation 30

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FinTech, industrial structure, customer benefits, barriers, vulnerable customers, identity, cyber security, AI, financial stability, regulation cryptocurrencies, payments, business models, Bitcoin, Blockchain

Fintech and the Future of Financial Services: What are the Research Gaps?

Number of pages: 41 Posted: 07 Aug 2018
Anil Savio Kavuri and Alistair Milne
Centre for Applied Macroeconomic Analysis and Loughborough University - Loughborough Business School
Downloads 1,808 (20,376)
Citation 2

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FinTech, Industrial Structure, Customer Bene ts, Barriers, Vulnerable Customers, Identity, Cyber Security, AI, Financial Stability, Financial Regulation, Cryptocurrencies, Payments, Business Models, Bitcoin, Blockchain

3.

Basel III: Is the Cure Worse than the Disease?

Number of pages: 53 Posted: 09 Oct 2010 Last Revised: 18 Oct 2010
William A. Allen, Ka Kei Chan, Alistair Milne and Steve Thomas
National Institute of Economic and Social Research, Brunel University London, Loughborough University - Loughborough Business School and City University London - The Business School
Downloads 3,858 (6,172)
Citation 18

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asset liability management, bank capital, bank regulation, cost of bank capital, liquidity requirements

4.

The Impact and Potential of Blockchain on the Securities Transaction Lifecycle

SWIFT Institute Working Paper No. 2015-007
Number of pages: 81 Posted: 09 May 2016 Last Revised: 27 Feb 2017
Michael Mainelli, Michael Mainelli and Alistair Milne
Gresham CollegeZ/Yen Group and Loughborough University - Loughborough Business School
Downloads 3,789 (6,375)
Citation 1

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blockchain, distributed ledger technology, securities transactions, fintech

5.

Bank Capital Regulation and Incentives for Risk-Taking

Cass Business School Research Paper, WBS Finance Group Research Paper No. 17
Number of pages: 52 Posted: 19 Mar 2002
Alistair Milne and A. Elizabeth Whalley
Loughborough University - Loughborough Business School and University of Warwick - Finance Group
Downloads 1,979 (17,999)
Citation 8

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capital dynamics, capital structure, charter value, franchise value, endogenous capital, financial distress, moral hazard, bank looting

6.

An Economic Narrative for Better Managing the European Energy Crisis

Number of pages: 14 Posted: 17 Sep 2022
Alistair Milne
Loughborough University - Loughborough Business School
Downloads 1,459 (28,755)

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demand compression, demand destruction, electricity demand, electricity supply, energy prices, energy poverty, gas demand, gas supply, managed energy demand, natural gas, Russian gas, Russia-Ukraine war, pecuniary externalities

7.

Central Bank Digital Currencies and International Payments

SWIFT Institute Working Paper No. 2020-2
Number of pages: 60 Posted: 17 May 2022
Chusu He, Alistair Milne and Markos Zachariadis
University of Greenwich - Accounting and Finance, Loughborough University - Loughborough Business School and Alliance Manchester Business School, University of Manchester
Downloads 913 (56,410)

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Central bank digital currencies, CBDC, payments, banking

8.

Cryptocurrencies from an Austrian Perspective

Number of pages: 69 Posted: 12 Apr 2017 Last Revised: 19 May 2017
Alistair Milne
Loughborough University - Loughborough Business School
Downloads 909 (56,745)
Citation 4

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100-percent reserved banking, bank payments, bank reserves, Bitcoin, blockchain, central counterparties, the Chicago plan, clearing and settlement, credit money, cryptography, commodity money, digital currency, distributed ledgers, electronic currency, fiat money, fiduciary media

9.

Bank Capital and Risk Taking

Bank of England Working Paper No. 90, Cass Business School Research Paper, WBS Finance Group Research Paper No. 2
Number of pages: 44 Posted: 22 Feb 1999
Alistair Milne and A. Elizabeth Whalley
Loughborough University - Loughborough Business School and University of Warwick - Finance Group
Downloads 897 (57,795)
Citation 6

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10.

A Critical COVID-19 Economic Policy Tool: Retrospective Insurance

Number of pages: 19 Posted: 23 Mar 2020
Alistair Milne
Loughborough University - Loughborough Business School
Downloads 883 (59,063)
Citation 9

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Coronavirus, COVID-19, Disaster Risk, Financial Crises, Fiscal policy, Insurance, Monetary policy, Pandemic risk, Systemic Risk

11.

Argument by False Analogy: The Mistaken Classification of Bitcoin as Token Money

Number of pages: 28 Posted: 17 Dec 2018 Last Revised: 29 Feb 2020
Alistair Milne
Loughborough University - Loughborough Business School
Downloads 729 (76,339)
Citation 8

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bank payments, bank reserves, blockchain, central banking, central bank digital currency, closed money, cryptocurrency, cryptography, distributed ledgers, electronic currency, fiduciary money, financial regulation, financial technology, initial coin offering, monetary nominalism, monetary technology

12.

Bank Capital and Incentives for Risk-Taking

Cass Business School Research Paper, WBS Finance Group Research Paper No. 15
Number of pages: 52 Posted: 14 Mar 2002
Alistair Milne and A. Elizabeth Whalley
Loughborough University - Loughborough Business School and University of Warwick - Finance Group
Downloads 684 (82,766)
Citation 38

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capital dynamics, capital structure, charter value, franchise value, endogenous capital, financial distress, moral hazard, bank looting

13.

In Good Times and in Bad: Bank Capital Ratios and Lending Rates

International Review of Financial Analysis, Forthcoming
Number of pages: 35 Posted: 12 Dec 2011 Last Revised: 10 Feb 2016
Matthew Osborne, Ana-Maria Fuertes and Alistair Milne
Bank of England, Bayes Business School, City, University of London and Loughborough University - Loughborough Business School
Downloads 610 (95,833)
Citation 12

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Bank capital; Interest margins; Bank regulation; Capital requirements

14.

Apples and Pears: The Comparison of Risk Capital and Required Return in Financial Institutions

Number of pages: 42 Posted: 11 Feb 2007
Alistair Milne and Mario Onorato
Loughborough University - Loughborough Business School and Algorithmics
Downloads 590 (100,000)
Citation 2

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RAROC, Risk Management, Economic Capital, Performance Measurement, Financial Regulation

15.

Shattered on the Rock? British Financial Stability from 1866 to 2007

Bank of Finland Research Discussion Paper No. 30/2008
Number of pages: 71 Posted: 19 Feb 2009
Alistair Milne and Geoffrey Wood
Loughborough University - Loughborough Business School and Cass Business School
Downloads 574 (103,566)
Citation 8

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bank failure, lender of last resort, money markets, bank regulation

16.

Financial Technologies and Financial Regulation

European Banking Institute Working Paper Series 2022 - no. 123
Number of pages: 34 Posted: 18 May 2022
Chusu He, David T. Llewellyn and Alistair Milne
University of Greenwich - Accounting and Finance, Loughborough University - Department of Economics and Loughborough University - Loughborough Business School
Downloads 566 (105,371)

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cryptocurrencies, DeFi, financial technologies, FinTech, institutional regulation, functional regulation, competitive efficiency, conduct of business, prudential risks

17.

The Inventory Perspective on Bank Capital

Cass Business School Research Paper
Number of pages: 43 Posted: 13 Aug 2004
Alistair Milne
Loughborough University - Loughborough Business School
Downloads 537 (112,606)
Citation 14

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Capital buffers, capital regulation, capital dynamics, capital management, capital structure, cash flow, endogenous capital, financial distress, franchise value, looting, moral hazard, transaction costs

18.

Growing Pains: The Changing Regulation of Alternative Lending Platforms

Number of pages: 44 Posted: 26 Jan 2019
Ding Chen, Anil Savio Kavuri and Alistair Milne
University of Sheffield, Centre for Applied Macroeconomic Analysis and Loughborough University - Loughborough Business School
Downloads 524 (116,059)
Citation 1

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P2P Lending, Loan-Based Crowdfunding, Consumer Protection, Investor Protection, Banking, Banking Competition, Financial Technology, Financial Regulation, Marketplace Lending

19.

Bankers’ Compensation and Fair Value Accounting

Number of pages: 53 Posted: 05 Apr 2009 Last Revised: 10 May 2011
Gilad Livne, Garen Markarian and Alistair Milne
Queen Mary University of London - School of Business and Management, HEC - University of Lausanne and Loughborough University - Loughborough Business School
Downloads 505 (121,377)
Citation 8

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clawback problem, fair value accounting, cash bonus, compensation, banking crisis

20.

The Global Legal Entity Identifier System: Will It Deliver?

Number of pages: 56 Posted: 15 Sep 2013
Ka Kei Chan and Alistair Milne
Brunel University London and Loughborough University - Loughborough Business School
Downloads 415 (153,199)

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Legal Entity Identifiers, Regulation, Risk Management, Dodd-Frank Act, Operational Efficiency, Systemic Risk

21.

Risk-Adjusted Measures of Value Creation in Financial Institutions

Bank of Finland Research Discussion Paper No. 25/2009
Number of pages: 40 Posted: 28 Nov 2009
Alistair Milne and Mario Onorato
Loughborough University - Loughborough Business School and Algorithmics
Downloads 407 (156,657)
Citation 2

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asset pricing, banking, capital allocation, capital budgeting, capital management, corporate finance, downside risk, economic capital, performance measurement, RAROC, risk management, value creation, hurdle rate, value at risk

22.

The Future of Peer-to-Peer Lending in China

Number of pages: 27 Posted: 19 Feb 2020
Ding Chen, Anil Savio Kavuri and Alistair Milne
University of Sheffield, Centre for Applied Macroeconomic Analysis and Loughborough University - Loughborough Business School
Downloads 399 (160,200)

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23.

Technology and the ‘New Governance’ Techniques of Financial Regulation

European Banking Institute Working Paper Series 2022 - no. 118
Number of pages: 37 Posted: 11 Mar 2022 Last Revised: 21 Mar 2022
David McNulty, Andrea Miglionico and Alistair Milne
Loughborough University - Loughborough Business School, University of Reading and Loughborough University - Loughborough Business School
Downloads 354 (183,064)
Citation 1

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regtech, meta-regulation, rule-based regulation, principles-based regulation, regulatory outcomes

24.

Payment 'Tokens': A Route to Optimizing Liquidity Management?

SWIFT Institute Working Paper 2024-001 (May 2024)
Number of pages: 78 Posted: 10 May 2024
Alistair Milne, Olaf Ransome and SWIFT Institute Submitter
Loughborough University - Loughborough Business School, 3C Advisory LLC and affiliation not provided to SSRN
Downloads 333 (195,562)

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25.

Response to the Financial Stability Board's Request for an Engineering Study on the Best Approach to Managing the Structure and Issuance of Legal Entity Identifiers (LEIs)

Number of pages: 35 Posted: 09 Jan 2013
Jefferson Braswell, Larry Lannom, Alistair Milne, Jim Northey, Norman Paskin and Ken Traub
Tahoe Blue Ltd, Corporation for National Research Initiatives, Loughborough University - Loughborough Business School, FIX Protocol, Ltd., Tertius Ltd. and GS1
Downloads 309 (212,053)
Citation 1

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LEI, global identification standards, Financial Stability Board, PSPG, ISO 17442, Legal Entity Identifiers, COU, LOU, federated global identifiers, GS1, DOI, CNRI, FIX, Tahoe Blue, Internet Protocol, Media Access Control, Partitioned numerical code spaces, subnetworks

26.

The Bank Lending Channel Reconsidered

Bank of Finland Research Discussion Paper No. 2/2009
Number of pages: 62 Posted: 20 Feb 2009
Alistair Milne and Geoffrey Wood
Loughborough University - Loughborough Business School and Cass Business School
Downloads 308 (212,811)
Citation 7

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credit channel, monetary transmission, bank financing constraints

27.

Liquidity, Bank Credit and Money

22nd Australasian Finance and Banking Conference 2009
Number of pages: 13 Posted: 24 Aug 2009
Alistair Milne
Loughborough University - Loughborough Business School
Downloads 287 (229,327)

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central banking, monetary policy implementation, lender of last resort

28.

Evolution or Revolution? Distributed Ledger Technologies in Financial Services

CAMA Working Paper No. 4/2020
Number of pages: 21 Posted: 30 Jan 2020
Anil Savio Kavuri and Alistair Milne
Centre for Applied Macroeconomic Analysis and Loughborough University - Loughborough Business School
Downloads 279 (236,183)
Citation 2

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29.

Using Insurance Instruments to Improve Disaster Risk Finance in Indonesia

Number of pages: 26 Posted: 02 Apr 2019 Last Revised: 18 May 2022
Chusu He, John Hillier, Alistair Milne, Seyoung Park and Robby Soetanto
University of Greenwich - Accounting and Finance, Loughborough University, Loughborough University - Loughborough Business School, Nottingham University Business School and Loughborough University
Downloads 262 (251,707)
Citation 1

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Captive insurance, catastrophe insurance, catastrophe modelling, community mapping, disaster planning, economic capital, flooding, insurance, loss distribution, loss simulation, disasters, spatial data infrastructures, risk transfer instruments, transaction costs

30.

The Rise and Success of the Barcode: Some Lessons for Financial Services

SWIFT Institute Working Paper No. 2012-005
Number of pages: 14 Posted: 24 Mar 2013
Alistair Milne
Loughborough University - Loughborough Business School
Downloads 248 (266,069)
Citation 1

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31.

What's in it for Us? Network Effects and Bank Payment Innovation

Bank of Finland Research Discussion Paper No. 16/2005
Number of pages: 32 Posted: 02 Oct 2007
Alistair Milne
Loughborough University - Loughborough Business School
Downloads 242 (272,549)
Citation 20

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network effects, incentives, payment technology, externalities

32.

Preliminary Report on Standards in Global Financial Markets

Number of pages: 88 Posted: 28 Nov 2014 Last Revised: 13 Apr 2016
Kevin Houstoun, Alistair Milne and Paul Parboteeah
Loughborough University - Loughborough Business School, Loughborough University - Loughborough Business School and Loughborough University - Loughborough Business School
Downloads 234 (281,720)
Citation 5

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ACTUS, co-ordination failure, data reference standards, FIBO, financial messaging standards, Fix Protocol, FpML, ISDA, standardisation, standards institutions, Swift, XML

33.

Governance and Innovation in UK Retail Payments

Communications & Strategies, No. 66, p. 63, 2007
Number of pages: 15 Posted: 16 Oct 2007 Last Revised: 01 Mar 2015
Alistair Milne
Loughborough University - Loughborough Business School
Downloads 233 (282,933)

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bank payment services, financial infrastructure, payment schemes, payments governance, SEPA, technology adoption

34.

What Is Really New about Cryptocurrencies?

CAMA Working Paper No. 79/2019
Number of pages: 47 Posted: 23 Oct 2019 Last Revised: 10 Mar 2021
Anil Savio Kavuri, Alistair Milne and Justine A Wood
Centre for Applied Macroeconomic Analysis, Loughborough University - Loughborough Business School and Loughborough University - Loughborough Business School
Downloads 227 (290,107)

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Money, Cryptocurrencies, Central bank digital currencies, Bitcoin

35.

Counterparty Risk Management and the Global Legal Entity Identifier (LEI)

Number of pages: 35 Posted: 22 Nov 2014
Alistair Milne and Paul Parboteeah
Loughborough University - Loughborough Business School and Loughborough University - Loughborough Business School
Downloads 223 (295,134)
Citation 1

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OTC derivatives, counterparty risk, CVA, regulatory compliance, financial regulation, systemic risk, standard setting, financial data management

36.

A Theoretical Comparison of Banking Structures

Number of pages: 18 Posted: 20 Dec 2014
Ka Kei Chan and Alistair Milne
Brunel University London and Loughborough University - Loughborough Business School
Downloads 204 (321,316)

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Bank Structure, Bank Regulation, Ring Fencing, Systemic Crisis

37.

Using ‘Cap and Trade’ to Contain Systemic Financial Risk

Number of pages: 25 Posted: 12 Dec 2010
Alistair Milne
Loughborough University - Loughborough Business School
Downloads 204 (321,316)

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Basel III, Financial Regulation, Global Financial Crisis, Maturity Mismatch, Pigouvian Taxes, Systemic Financial Risk Externalities

38.

A Briefing on the UK's Choice of Trade Arrangements outside of the EU

Number of pages: 53 Posted: 19 Jul 2017
Mustapha Douch, T. Huw Edwards and Alistair Milne
Loughborough University - Loughborough Business School, Loughborough University - Department of Economics and Loughborough University - Loughborough Business School
Downloads 196 (333,375)
Citation 1

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Brexit, European Customs Union, Free Trade Agreements, Non-Tariff Barriers, Tariff Barriers, WTO, Single Market

39.

The Prospects for Common Financial Language in Wholesale Financial Services

SWIFT Institute Working Paper No. 2012-005
Number of pages: 55 Posted: 13 Sep 2013
Alistair Milne and Malcolm Chisholm
Loughborough University - Loughborough Business School and AskGet Consulting
Downloads 185 (351,663)
Citation 2

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Computer standards, Database management, Enterprise data, Financial Definitions, Financial Ontology, Financial Risk Management, Operational efficiency in financial services, Regulatory data

40.

Limited Liability Non-Bank Government Debt for the Euro Zone

Number of pages: 40 Posted: 05 Jun 2010 Last Revised: 06 Sep 2010
Alistair Milne
Loughborough University - Loughborough Business School
Downloads 178 (363,915)
Citation 1

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optimal currency areas, fiscal policy, sovereign debt, European monetary union, Maastricht treaty, fiscal crises, subsidiarity, market discipline

41.

Digitally Facilitated Trade: The Adoption Challenge

Number of pages: 47 Posted: 23 Sep 2022
Anil Savio Kavuri, Peter Kawalek and Alistair Milne
Centre for Applied Macroeconomic Analysis, Loughborough University and Loughborough University - Loughborough Business School
Downloads 176 (367,607)

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Business processes, digitalization, digital networks, digital transformation, international trade, trade documents, standardisation, shared digital communication, TradeLens

42.

The Lending Channel under Optimal Choice of Monetary Policy

Bank of Finland Research Discussion Paper No. 33/2007
Number of pages: 42 Posted: 31 Jan 2008
Juha Kilponen and Alistair Milne
Bank of Finland - Research and Loughborough University - Loughborough Business School
Downloads 152 (417,206)
Citation 1

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bank capital, bank lending, capital buffers, pro-cyclicality, capital regulation, cost channel, credit channel, loan margins, monetary trade-offs

43.

The Net Worth Trap: Investment and Output Dynamics in the Presence of Financing Constraints

Bank of Finland Research Discussion Paper No. 26/2014
Number of pages: 51 Posted: 19 Nov 2014
Jukka Isohätälä, Alistair Milne and Donald Robertson
University of Oulu, Loughborough University - Loughborough Business School and Cambridge University - Department of Economics
Downloads 137 (453,699)
Citation 1

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cash flow management, corporate prudential risk, financial accelerator, financial distress, induced risk aversion, liquidity constraints, liquidity risk, macroeconomic propagation, multiperiod financial management, non-linear macroeconomic modelling, Tobin's q, precautionary savings

44.

Digital Assets in UK Payments and Transaction Banking

Number of pages: 58 Posted: 12 Sep 2024 Last Revised: 31 Oct 2024
David McNulty, Alistair Milne, Jackie Williams and Justine A Wood
Loughborough University - Loughborough Business School, Loughborough University - Loughborough Business School, Loughborough University and Loughborough University - Loughborough Business School
Downloads 135 (462,019)

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banking, CBDC, cryptocurrencies, decentralized finance, distributed ledgers, financial innovation, financial markets, financial technologies, public-private key cryptography, stablecoins, tokenization JEL numbers: G20, L86, O32

45.

An Old Fashioned Banking Crisis: Credit Growth and Loan Losses in the UK 1997-2012

The Causes and Consequences of the Long UK Expansion: 1992 to 2007 (eds, Chadha, J, Chrystal, A, Pearlman, J, Smith, P and Wright, S), Cambridge University Press, 2015, Forthcoming
Number of pages: 42 Posted: 01 Aug 2014 Last Revised: 20 Nov 2014
Alistair Milne and Justine A Wood
Loughborough University - Loughborough Business School and Loughborough University - Loughborough Business School
Downloads 130 (473,358)

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Banking crises, old shadow banking, new shadow banking, commercial property lending, credit cycles

46.

Expert Opinion on Standards in Global Financial Markets

Number of pages: 37 Posted: 13 May 2015
Alistair Milne and Paul Parboteeah
Loughborough University - Loughborough Business School and Loughborough University - Loughborough Business School
Downloads 112 (530,947)

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co-ordination failure, data standards, financial messaging standards, FIX Protocol, FpML, ISDA, standardization, standards institutions, Swift, XML, ISO20022

47.

Standard Setting and Competition in Securities Settlement

Bank of Finland Research Discussion Paper No. 23/2005
Number of pages: 34 Posted: 10 Oct 2007
Alistair Milne
Loughborough University - Loughborough Business School
Downloads 112 (530,947)
Citation 5

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securities settlement, standards, inter-operability, switching costs

48.

Optimal Consumption and Investment Decisions with Disastrous Income Risk: Revisiting Rietz's Rare Disaster Risk Hypothesis

Downloads 110 (538,036)

Optimal Consumption and Investment Decisions with Disastrous Income Risk: Revisiting Rietz's Rare Disaster Risk Hypothesis

Number of pages: 49 Posted: 04 May 2023 Last Revised: 12 Dec 2023
Chusu He, Alistair Milne and Seyoung Park
University of Greenwich - Accounting and Finance, Loughborough University - Loughborough Business School and Nottingham University Business School
Downloads 81 (666,405)

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Optimal Consumption, Optimal Savings, Disastrous Income Risk, Insurance

Optimal Consumption and Savings Decisions with Disastrous Income Risk: Revisiting Rietz's Rare Disaster Risk Hypothesis

Number of pages: 46 Posted: 06 Jun 2023
Chusu He, Alistair Milne and Seyoung Park
University of Greenwich - Accounting and Finance, Loughborough University - Loughborough Business School and Nottingham University Business School
Downloads 29 (1,076,951)

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Optimal Consumption, Optimal Savings, Disastrous Income Risk, Insurance

49.

Macroeconomic and Macroprudential Policy Making

Number of pages: 13 Posted: 19 Nov 2014
Alistair Milne
Loughborough University - Loughborough Business School
Downloads 110 (538,036)

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Fiscal policy, Helicopter money, liquidity trap, monetary policy by gift, seigniorage, secular stagnation, central banks, quantitative easing

50.

The Optimal Long-term Portfolio Share of Bitcoin is Negative (or Zero)

Number of pages: 17 Posted: 01 Apr 2025
Alistair Milne
Loughborough University - Loughborough Business School
Downloads 95 (596,614)

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digital assets, cryptocurrencies, portfolio optimization, speculation

51.

Leverage Constraints and Real Interest Rates

Bank of Finland Research Discussion Paper No. 27/2014
Number of pages: 60 Posted: 20 Nov 2014
Jukka Isohätälä, Feodor Kusmartsev, Alistair Milne and Donald Robertson
University of Oulu, Loughborough University, Loughborough University - Loughborough Business School and Cambridge University - Department of Economics
Downloads 95 (596,614)

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borrowing constraints, debt management, incomplete financial markets, international macroeconomics, finance and macroeconomics, macroeconomic propagation, precautionary saving, systemic risk

52.

The Case for Limited Liability Eurozone Government Debt

Number of pages: 16 Posted: 09 Oct 2010
Alistair Milne
Loughborough University - Loughborough Business School
Downloads 90 (617,143)

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European monetary union, Maastricht treaty, fiscal policy, sovereign debt, fiscal crises, market discipline

53.

The Net Worth Trap: Investment and Output Dynamics in the Presence of Financing Constraints

Bank of Finland Research Discussion Paper No. 26/2014
Number of pages: 51 Posted: 26 Apr 2016
Jukka Isohätälä, Alistair Milne and Donald Robertson
Loughborough University, Loughborough University - Loughborough Business School and Cambridge University - Department of Economics
Downloads 77 (677,070)

Abstract:

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E44

54.

Leverage Constraints and Real Interest Rates

Bank of Finland Research Discussion Paper No. 27/2014
Number of pages: 60 Posted: 26 Apr 2016 Last Revised: 18 Nov 2021
Jukka Isohätälä, Feodor Kusmartsev, Alistair Milne and Donald Robertson
Loughborough University, Loughborough University, Loughborough University - Loughborough Business School and Cambridge University - Department of Economics
Downloads 53 (823,473)

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55.

Bankers' Compensation and Fair Value Accounting

Journal of Corporate Finance, Vol. 17, No. 4, pp. 1096-1115
Posted: 01 Sep 2011
Gilad Livne, Alistair Milne and Garen Markarian
Queen Mary University of London - School of Business and Management, Loughborough University - Loughborough Business School and HEC - University of Lausanne

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Clawback problem, Fair value accounting, Cash bonus, Compensation, Banking crisis

56.

Macroprudential Policy: What Can it Achieve?

Oxford Review of Economic Policy, Vol. 25, Issue 4, pp. 608-629, 2009
Posted: 03 May 2010
Alistair Milne
Loughborough University - Loughborough Business School

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fiscal policy, monetary policy, financial regulation, systemic risk, complex adaptive systems, network vulnerabilities, E02, G01, G18

57.

Skewness of Returns, Capital Adequacy, and Mortgage Lending

Journal of Financial Services Research, Forthcoming, Cass Business School Research Paper
Posted: 04 May 2005
Paraskevi Dimou, Colin Lawrence and Alistair Milne
Joint Research Centre, City University London - The Business School and Loughborough University - Loughborough Business School

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Basel Accord, IRB, credit risk, cost of regulatory capital

58.

'Time to Build, Option Value and Investment Decisions': A Comment

Journal of Financial Economics, Vol. 56, No. 2, May 1, 2000, Cass Business School Research Paper, WBS Finance Group Research Paper No. 7
Posted: 21 Jun 2001
Alistair Milne and A. Elizabeth Whalley
Loughborough University - Loughborough Business School and University of Warwick - Finance Group

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Irreversible investment; Time to build

Other Papers (1)

Total Downloads: 46
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1.

Internal Funds and the Supply of Bank Loans

Number of pages: 33 Posted: 05 Mar 2005
Alistair Milne, Donald Robertson and Leilei Tang
Loughborough University - Loughborough Business School, Cambridge University - Department of Economics and City University London - Faculty of Finance
Downloads 46

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Capital buffers, bank lending, credit, monetary transmission