It is well known that banks in England did not publish their 'true' profits until 1969. This article discusses the problems encountered in establishing the banks' 'true' profits and capital for earlier periods from their published accounts and unpublished archival sources. Definitions of profits...

The 2007–08 financial crisis has posed substantial challenges for bankers, economists and regulators: was it preventable, and how can such crises be avoided in future? This book addresses these questions. The Financial Crisis and the Regulation of Finance includes a comprehensive overview...

This paper discusses the introduction of the euro in the present international monetary context. European Monetary Union is not only an economic concept but also primarily a political one. Based on past experience, two aspects of monetary union seem essential: the nature of the future European...