Imperial College London

Professor Franklin Allen

Business School

Assoc Dean of Faculty & Res/ Dir of Brevan Howard Centre
 
 
 
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Contact

 

+44 (0)20 7594 9195f.allen Website CV

 
 
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Location

 

2.05B52-53 Prince's GateSouth Kensington Campus

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Summary

 

Publications

Publication Type
Year
to

107 results found

Allen HF, Goldstein I, Jagtiani J, Lang Wet al., 2015, Enhancing Prudential Standards in Financial Regulations

Working paper

Allen F, Carletti E, Goldstein I, Leonello Aet al., 2015, Moral Hazard and Government Guarantees in the Banking Industry, Journal of Financial Regulation, Vol: 1, Pages: 30-50, ISSN: 2053-4833

The massive use of public funds in the financial sector and the large costs for taxpayers are often used to justify the idea that public intervention should be limited. This conclusion is based on the idea that government guarantees always induce financial institutions to take excessive risk. In this article, we challenge this conventional view and argue that it relies on some specific assumptions made in the existing literature on government guarantees and on a number of modelling choices. We review the theory of government guarantees by highlighting and discussing the role that these underlying assumptions play in the assessment of the desirability and effectiveness of government guarantees and propose a new framework for thinking about them.

Journal article

Allen HF, Carletti E, Cull R, Qian J, Senbet L, Valenzuela Pet al., 2015, Resolving the African Financial Development Gap: Cross-Country Comparisons and a Within-Country Study of Kenya, African Successes: Modernization and Development, ISBN: 9780226315690

Book chapter

Acharya VV, Laffan B, 2015, The New Financial Architecture in the Eurozone, ISBN: 9789290842965

The logic, features and future shape of the new financial architecture of the Eurozone were discussed under Chatham House Rules on the occasion of a high-level conference hosted in Florence on 23 April 2015, by the European University ...

Book

Allen HF, Goldstein I, Jagtiani J, Lang Wet al., 2014, Enhancing Prudential Standards in Financial Regulations, Publisher: FRB of Philadelphia

Working paper

Allen F, Hryckiewicz A, Kowalewski O, Tumer-Alkan Get al., 2014, Transmission of financial shocks in loan and deposit markets: Role of interbank borrowing and market monitoring, JOURNAL OF FINANCIAL STABILITY, Vol: 15, Pages: 112-126, ISSN: 1572-3089

Journal article

Allen F, Carletti E, Cull R, Qian JQ, Senbet L, Valenzuela Pet al., 2014, The African Financial Development and Financial Inclusion Gaps, JOURNAL OF AFRICAN ECONOMIES, Vol: 23, Pages: 614-642, ISSN: 0963-8024

Journal article

Allen HF, Carletti E, Qian J, Valenzuela Pet al., 2014, Does Finance Accelerate or Retard Growth? Theory and Evidence, Towards a Better Global Economy Policy Implications for Citizens Worldwide in the Twenty-first Century, Publisher: Oxford University Press, USA, ISBN: 9780198723455

The prospects for the global economy would become much less favorable if today's emerging economies, particularly China, were to experience a significant slowdown in their pace of growth, as they currently account for 75–80 percent of the ...

Book chapter

Allen F, Qian JQ, 2014, China's Financial System and the Law, CORNELL INTERNATIONAL LAW JOURNAL, Vol: 47, Pages: 499-553, ISSN: 0010-8812

Journal article

Allen F, Qian JQ, Shan SC, Zhao Met al., 2014, The IPO of Industrial and Commercial Bank of China and the 'Chinese Model' of privatizing large financial institutions, EUROPEAN JOURNAL OF FINANCE, Vol: 20, Pages: 599-624, ISSN: 1351-847X

Journal article

Allen F, Carletti E, Gale D, 2014, Money, financial stability and efficiency, JOURNAL OF ECONOMIC THEORY, Vol: 149, Pages: 100-127, ISSN: 0022-0531

Journal article

Allen F, Vayanos D, Vives X, 2014, Introduction to financial economics, Journal of Economic Theory, Vol: 149, Pages: 1-14, ISSN: 0022-0531

Journal article

Allen HF, Barth R, Yago G, 2013, Restructuring in the US Housing Market, Financial Restructuring to Sustain Recovery, Publisher: Brookings Institution Press, ISBN: 9780815725251

... critical articles, or reviews. Financial Restructuring to Sustain Recovery may be ordered from: Brookings institution Press, 1775 Massachusetts avenue, n.W. Washington, D.c. 20036 telephone: 1-800/537-5487 or 410/516-6956 e-mail: ...

Book chapter

Allen F, Carletti E, 2013, What Is Systemic Risk?, JOURNAL OF MONEY CREDIT AND BANKING, Vol: 45, Pages: 121-127, ISSN: 0022-2879

Journal article

Allen F, Carletti E, 2013, Systemic risk from real estate and macro-prudential regulation, International Journal of Banking, Accounting and Finance, Vol: 5, Pages: 28-28, ISSN: 1755-3830

Journal article

Allen HF, Qian J, Zhang C, Zhao Met al., 2012, China's Financial System: Opportunities and Challenge, Capitalizing China, Publisher: University of Chicago Press, ISBN: 9780226237244

“How High is Urban Unemployment in China?” Journal of Chinese Economic and Business Studies 4 (2): 91–107. Kraay, Aart. 2000. “Household Saving in China.” World Bank Economic Review 14 (3): 545–70. Kuijs, Louis. 2005. “Investment ...

Book chapter

Allen F, Gu X, Kowalewski O, 2012, Financial crisis, structure and reform, JOURNAL OF BANKING & FINANCE, Vol: 36, Pages: 2960-2973, ISSN: 0378-4266

Journal article

Allen F, 2012, Trends in Financial Innovation and their Welfare Impact: an Overview, EUROPEAN FINANCIAL MANAGEMENT, Vol: 18, Pages: 493-514, ISSN: 1354-7798

Journal article

Allen F, Chakrabarti R, De S, Qian JQ, Qian Met al., 2012, Financing firms in India, JOURNAL OF FINANCIAL INTERMEDIATION, Vol: 21, Pages: 409-445, ISSN: 1042-9573

Journal article

Allen F, Babus A, Carletti E, 2012, Asset commonality, debt maturity and systemic risk, JOURNAL OF FINANCIAL ECONOMICS, Vol: 104, Pages: 519-534, ISSN: 0304-405X

Journal article

Allen F, Carletti E, Marquez R, 2011, Credit Market Competition and Capital Regulation, REVIEW OF FINANCIAL STUDIES, Vol: 24, Pages: 983-1018, ISSN: 0893-9454

Journal article

Allen F, Carletti E, Gale D, 2009, Interbank market liquidity and central bank intervention, Carnegie-Rochester Conference on Public Policy, Publisher: ELSEVIER SCIENCE BV, Pages: 639-652, ISSN: 0304-3932

Conference paper

Allen F, Babus A, Carletti E, 2009, Financial Crises: Theory and Evidence, ANNUAL REVIEW OF FINANCIAL ECONOMICS, Vol: 1, Pages: 97-116, ISSN: 1941-1367

Journal article

Allen F, Carletti E, 2008, Mark-to-market accounting and liquidity pricing, JOURNAL OF ACCOUNTING & ECONOMICS, Vol: 45, Pages: 358-378, ISSN: 0165-4101

Journal article

Allen F, Bartiloro L, Gu X, Kowalewski Oet al., 2006, Does economic structure determine financial structure?, Publisher: SSRN

In this paper, we examine the relationship between the structure of the real economy and a country's financial system. We consider whether the development of the real economic structure can predict the direction of evolution of a country’s financial structure. Using data for 108 countries, we find a significant relationship between real economic structure and financial structure. Next, we exploit shocks to the economies in India, Finland and Sweden, and South Korea and show that changes in the economic structure of a country influence the evolution of its financial system. This suggests that financial institutions and capital markets change in response to the structure of industries.

Working paper

Allen F, Gale D, 2006, Systemic risk and regulation, NBER Conference on the Risks of Financial Institutions, Publisher: UNIV CHICAGO PRESS, Pages: 341-375, ISSN: 1557-3737

Conference paper

Gale DM, Allen F, 2006, Systemic Risk and Regulation, The Risks of Financial Institutions, Editors: Carey, Stulz, Chicago, Publisher: Chicago University Press

Book chapter

Allen F, Qian J, Qian MJ, 2005, Law, finance, and economic growth in China, JOURNAL OF FINANCIAL ECONOMICS, Vol: 77, Pages: 57-116, ISSN: 0304-405X

Journal article

Allen F, Gale D, 2005, From cash-in-the-market pricing to financial fragility, 19th Annual Congress of the European-Economic-Association, Publisher: M I T PRESS, Pages: 535-546, ISSN: 1542-4766

Conference paper

Allen F, Song WL, 2005, Financial integration and EMU, EUROPEAN FINANCIAL MANAGEMENT, Vol: 11, Pages: 7-24, ISSN: 1354-7798

Journal article

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