One Bank Flagship Seminar by Lord Adair Turner

In this talk, Lord Turner presented his IMF paper ‘The Case for Monetary Finance – An Essentially Political Issue’ on monetary finance of fiscal deficits, which is due to be published in the IMF Economic Review.

Event date: 24 May 2016

Lord Turner is Chairman of the Institute for New Economic Thinking. Prior to that he chaired the Financial Services Authority from 2008 until 2013, during which time he played a leading role in the redesign of the global banking and shadow banking regulation as Chairman of the International Financial Stability Board’s major policy committee.

Lord Turner has combined a business career with public policy and academia. He led the McKinsey practice in East Europe and Russia in the early 1990s, and was Director General of the CBI 1995-2000. He was Vice-Chairman of Merrill Lynch Europe (2000-06) and a Non-Executive Director of a number of companies, including Standard Chartered plc (2006-08). In 2015 he joined the Board of UK start-up bank OakNorth, and became non-Executive Director at Prudential in September. He also chairs the Energy Transitions Commission.

He became a cross-bench member of the House of Lords in 2005; served as the first Chairman of the Climate Change Committee (2008-12), and chaired the Pensions Commission (2003-06) and the Low Pay Commission (2002-06). He has also been a Trustee of the British Museum since 2013. His publications include ‘Just Capital-The Liberal Economy’ (2001); ‘Economics After the Crisis’ (2012); and ‘Between Debt and the Devil: Money, Credit and Fixing Global Finance’ (Princeton 2015). He is Senior Fellow at the Centre for Financial Studies (Frankfurt); a visiting professor at London School of Economics, Cass Business School and City University; and as of recently, Visiting Fellow at the People’s Bank of China School of Finance, Tsinghua University (Beijing); and Visiting Professor at the International Center for Islamic Finance (INCEIF) in Kuala Lumpur.

The One Bank Flagship Seminars are a series of presentations by high-profile speakers, drawn in the main from disciplines outside of economics and finance.  The idea is that they will present their work and draw out its relevance to our ‘One Bank Research Agenda’. 

For any queries about this event, please contact the One Bank Research Seminar Team.

Hashtag for this event: #BoELordTurner