This paper examines the expansion of credit in the UK over the years 1997-2007 and the subsequent loan losses on UK sterling lending. This was a substantial credit expansions especially in lending secured on property. This led to only relatively modest losses for UK banks on residential mortgage...

This paper discusses the "miracle" phase of Asian economic growth and assesses the extent to which conventional economic analysis explains it. Was the East Asian miracle as miraculous after all? It then examines the "crisis" or "meltdown" phase, and assesses a number of hypotheses that have been...