The Optimal Monetary Instrument for Prudential Purposes by Tsomocos, D, Goodhart, C, Sunirand, P

“…Our results suggest that the interest rate instrument is preferable, since during times of a panic or financial crisis the Central Bank automatically satisfies the increased demand for money. …”

The Optimal Monetary Instrument for Prudential Purposes. by Goodhart, C, Sunirand, P, Tsomocos, D

“…Our results suggest that the interest rate instrument is preferable, since during times of a panic or financial crisis the Central Bank automatically satisfies the increased demand for money. …”

Towards a Measure of Financial Fragility by Tsomocos, D, Aspacs, O, Goodhart, C, Zicchino, L

“…The model comprises a household sector, three active heterogeneous banks, a central bank/regulator, incomplete markets, and endogenous default. …”

Towards a measure of financial fragility by Aspachs, O, Goodhart, C, Zicchino, L

“…The model comprises a household sector, three active heterogeneous banks, a central bank/regulator, incomplete markets, and endogenous default. …”

Financial Stability: Theory and Applications by Tsomocos, D, Goodhart, C

“…he article defines the framework to assess the financial stability as currently practised by central banks and international organizations. The author criticizes the comparison of the current methodology to the practices of central banks three or four decades ago. …”

A Risk Assessment Model for Banks by Tsomocos, D, Goodhart, C, Sunirand, P

“…We show that the model is analytically tractable and can be calibrated against real UK banking data and therefore can be implemented as a risk assessment tool for financial regulators and central banks. We address the impact of monetary and regulatory policy as well as credit and capital shocks in the real and financial sectors.…”