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GFC

Multiple causation in history: the case of the Global Financial Crisis
18 Aug 2024

Multiple causation in history: the case of the Global Financial Crisis

by Simon Taylor | posted in: Course material, MFin | 0

Each year on the Master of Finance core course on Financial Institutions and Markets, I do a session on the Great Financial Crisis of 2007-09. One thing I emphasise is the many different causes of this highly influential event, which … Continued

China, GFC, history, regulation, USA
It really is different this time
26 Mar 2020

It really is different this time

by Simon Taylor | posted in: Book recommendation, Economics, Finance sector | 3

A crumb of comfort during the 2008/09 financial crisis was the thought that we were living through historic times. But to face another historic event barely a decade later is perhaps a bit much. The financial – macro relationship The … Continued

central banks, debt, finance, GFC, macro
Still debating the causes of the world financial crisis
21 Apr 2015

Still debating the causes of the world financial crisis

by Simon Taylor | posted in: China, Finance sector, Financial products, International affairs | 3

Major world historical events such as the financial crisis that swept much of the world in 2007-09 typically have multiple causes. In 2014 there was an outpouring of new books about the causes of the First World War which started … Continued

banks, credit, debt, GFC, households, mortgages
What is shadow banking?
20 Jul 2014

What is shadow banking?

by Simon Taylor | posted in: China, Course material, Finance sector, Financial products | 1

Shadow banking is a term that was invented by Paul McCulley, the former chief economist of the giant fund manager PIMCO, in 2007. He was one of the first to identify and analyse the growth of chains of financial transactions … Continued

GFC, intermediation, shadow banking
How to bankrupt a bank
18 Jul 2013

How to bankrupt a bank

by Simon Taylor | posted in: Course material, Finance sector, Financial products | 0

The aftermath of the global financial crisis left many people with an impression of modern finance as extraordinarily complex, a web of multi-layered securities financed through strange off-balance sheet vehicles and held together by impenetrable mathematical formulas. There is something … Continued

banks, GFC
Bankers were deluded rather than evil – some evidence
25 Mar 2013

Bankers were deluded rather than evil – some evidence

by Simon Taylor | posted in: Course material, Finance sector, Financial products | 1

A great piece of research from the authors at the University of Michigan and Princeton University (*) tests the hypothesis that the bankers inside the sub-prime mortgage bubble knew it was all too good to last. They find the hypothesis false. … Continued

GFC, incentives, real estate

About

Simon is a member of the finance faculty group at Cambridge Judge Business School. From 2008-18 he was the first Director of the University of Cambridge Master of Finance (MFin) degree, and he is now Director of the University's Global Executive MBA. An economist and former equities analyst at JPMorgan and Citigroup, he teaches on financial markets and institutions, infrastructure finance and the world financial system. He is a Fellow in Economics at St. Catharine's College, Cambridge. His book on nuclear power in the UK was published in March 2016.

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