Recent crises have cast doubt on the legitimacy of technocratic power, yet its role in global economic governance remains poorly understood. Revisiting the collapse of Bretton Woods, we propose a dynamic theory of global monetary governance to explain how expanding central bank discretion can...

Many people born outside England, defined as aliens, lived in late medieval London. Despite a growing literature on immigration in late medieval England and acceptance that speech was highly significant in premodern societies, studies of native-alien coexistence in London have focused on...

Many people born outside England, defined as aliens, lived in late medieval London. Despite a growing literature on immigration in late medieval England and acceptance that speech was highly significant in premodern societies, studies of native-alien coexistence in London have focused on...

This paper employs the opening of the first international telegraph between London and Paris on 13 November 1851 as a unique event that enabled a virtually instantaneous information exchange between the largest financial centers. Before this opening, a London currency speculator comparing the...

The fashion industry is deemed to be notoriously unsustainable. Fashion brands and their multiple stakeholders recognize both environmental and social negative externalities that the industry generates. Fashion capitals like London accommodate innovative fashion businesses, which are expected to...

This paper evaluates the impact of London's Low-Emission Zone (LEZ) on test scores among elementary school students in England. Utilising administrative data for the years 2005-2015, we employ a difference-in-differences approach to assess the LEZ's effect on standardised Key Stage 2 results...

We present a financial history of the Seven Years' War (1756-1763) using a new dataset derived from the Bank of England minutes. We argue that the war and the associated actions of the Bank of England led to a transformation of the financial system. Additionally, while there was short-term...

This study provides a comprehensive understanding of the Great Fire's effects on London's economic geography. Our analysis reveals both continuity and change. There was a swift postfire recovery accompanied by some shift in economic activity towards the City of Westminster by 1690, with markets...

Using a sample of 219 firms listed on the FTSE 350 index from 2000-2022, we discover that both the PEAD and price asymmetry effect is stronger for firms around the earning announcement period. Price continuations (reversals) following buys (sales) are present, asymmetric price impact exists for...

Economic models of housing markets have struggled to explain persistent cycles in house prices, housing supply and housing finance, in particular in major cities. Housing markets are complex systems and standard equilibrium-based models may not be well equipped to capture the role of feedback...

I study the effects of London England’s Congestion Charge on regional traffic, commuting, and economic activity’s spatial distribution. In 2003, London began tolling drivers to enter its central business district on workdays and this policy immediately reduced downtown traffic. I measure...

Historically coal has offered both benefits and costs to urban areas. Benefits include coal's role in fueling industry and thus employment. The primary costs are air pollution and its impact on human health. This paper starts by using a Rosen-Roback style model to examine how differences in...

apply the Gross City Development Index (GCD-Index) by Ruiz Estrada and Park (2019) in the case of London, England. The GCD-Index calculation is based on the concept of city integral sustainable development platform. The platform consists of ten main structures, which are (i) Main Structure-1:...