Financial crash

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Professor Franklin Allen, Executive Director of the Brevan Howard Centre for Financial Analysis at Imperial College Business School, explains how financial markets are trying to discover a ‘new normal’ following the turmoil created by the global financial crisis

The global economic downturn that materialised in 2007 is widely regarded as being the worst financial crisis since the Great Depression in the 1930s and its effects are currently still being felt across the world.  Since then we have seen a concerted effort by central banks, governments and other policymakers around the world to try and end the crisis for good.  They have succeeded to some extent but we still see enormous amounts of turmoil and volatility in the financial markets.

When is this turmoil going to stop? And will we all go back to some kind of normality in the financial markets?

At the Brevan Howard Centre for Financial Analysis at Imperial College Business School, we are attempting to understand current policies and how these could be improved.  It has been a long time since the financial crisis started and we need to work out how we can move towards a new normal world with high growth rates, full employment and stable financial markets.  We’re a long way from that right now.

We are conducting a lot of analysis and research, and organising various conferences and events where the views of practitioners, academics, central bankers, policymakers and other participants involved in financial markets are shared and discussed in order to help drive the thinking needed to steer us towards this new normal in financial markets.

Find out more about the Brevan Howard Centre

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Franklen Allen

About Franklin Allen

Associate Dean, Executive Director of the Brevan Howard Centre
Before joining Imperial, Franklin was the Nippon Life Professor of Finance and Professor of Economics at the Wharton School. Franklin was also Co-Director of the Wharton Financial Institutions Center. He was formerly Vice Dean and Director of Wharton Doctoral Programs, Executive Editor of the Review of Financial Studies and Managing Editor of the Review of Finance.

Franklin is a past President of the American Finance Association, the Western Finance Association, the Society for Financial Studies, the Financial Intermediation Research Society and the Financial Management Association, and a Fellow of the Econometric Society. He received his doctorate from Oxford University. His main areas of interest are corporate finance, asset pricing, financial innovation, comparative financial systems, and financial crises. He is a co-author with Richard Brealey and Stewart Myers of the eighth through twelfth editions of the textbook Principles of Corporate Finance.