Geoffrey Wood

Geoffrey Wood went to the University of Warwick in 1968 as Lecturer in Economics and then spent two years as Visiting Economist with the Bank of England, where he was more recently, from 1994 to 2004, a Special Advisor on Financial Stability. In 1975, he joined City University. He was Visiting Scholar at the Federal Reserve Bank of St Louis from 1977-1978, has also advised the New Zealand Treasury on a wide range of issues, and has also been a visiting scholar at the Federal Reserve Bank of New York and served as research adviser at the Bank of Finland. Geoffrey Wood is also a visiting Professorial Fellow in the Centre for Commercial Law Studies at Queen Mary and Westfield College, University of London and has been a visiting professor at the University of Athens. In the academic year 2004-2005 he was Visiting Professor at the University of Oxford. He has served for some time as Special Adviser to the Treasury Select Committee of the House of Commons. He is on the Editorial Boards of the Greek Economic Review, The Journal of Financial Education, and the the European Journal of Political Economy, and is a General Editor of the Journal of Financial Regulation.

Qualifications

MA (Aberdeen) and MA (Essex).

Languages

French.

Expertise

Primary Topics

• Banking
• Economic History
• Economics

Additional Topics

• Bankruptcy & Liquidation
• Corporate Governance

Industries/Professions

• banking
• insurance
• investment banking

Research Topics

• Cross Border Financial Stability Project leading to book with Prof David Mayes
• Long Term Interest Rates since 1550 Paper in progress with Prof. T.C. Mills
• Central Bank Constitutions and the role of the legal context Project leading to Monograph with Dr. Vitor Gaspar
• Northern Rock Various papers to be produced, all with Alistair Milne

Books (22)

• Wood, G. and Capie, F.H. (2014). Monetary Unions: Theory, History, Public Choice. Routledge. ISBN 978-1-138-00868-7.
• Mayes, D.G. and Wood, G.E. (Eds.), (2013). Reforming the Governance of the Financial Sector. Routledge. ISBN 978-0-415-68684-6.
• Capie, F. and Wood, G. (2012). Money over Two Centuries: Selected Topics in British Monetary History. Oxford University Press. ISBN 978-0-19-965512-0.
• Wood, G., Wood, P.S.O.M.G., Mills, T. and Crafts, N. (2011). Monetary and Banking History Essays in Honour of Forrest Capie. Taylor & Francis. ISBN 978-1-136-83532-2.
• Capie, F. and Wood, G.E. (2011). Policy Makers on Policy: The Mais Lectures. London: Routledge. ISBN 978-0-415-57368-9.
• Wood, G.E. and Capie, F. (2010). The Great Depression. London: Routledge. ISBN 978-0-415-57351-1.
• Mayes, D. and Wood, G. (2009). Designing central banks. Routledge. ISBN 978-0-415-69654-8.
• Congdon, T., Goodhart, C.A.E., Eisenbeis, R.A., Kaufman, G.G., Hamalainen, P., Lastra, R.M., Llewellyn, D.T., Mayes, D.G., Wood, G., Milne, A., Onado, M. and Taylor, M.W. (2009). The Failure of Northern Rock - A Multidimensional Case Study. Balling, M., Bruni, F. and Llewellyn, D. (Eds.), ISBN 978-3-902109-46-0.
• Capie, F. and Wood, G.E. (2008). The Lender of Last Resort. Abingdon: Routledge. ISBN 978-0-415-46495-6.
• Wood, G. (2007). Money, Prices and the Real Economy. Edward Elgar Publishing. ISBN 978-1-84720-673-2.
• Capie, F. and Wood, G. (Eds.), (2007). The Lender Of Last Resort. Psychology Press. ISBN 978-0-415-32333-8.
• Mayes, D.G. and Wood, G. (Eds.), (2007). The Structure of Financial Regulation. Taylor & Francis. ISBN 978-0-415-41380-0.
• Schmitz, S. and Wood, G. (2006). Institutional Change in the Payments System and Monetary Policy. Routledge. ISBN 978-0-415-38402-5.
• Capie, F.H. and Wood, G.E. (2003). Monetary Unions: Theory, History, Public Choice. Routledge. ISBN 978-1-134-42025-4.
• Wood, G. (2002). Fifty Economic Fallacies Exposed. Institute of economic Affairs (IEA) ISBN 0-255-36407-5.
• Wood, G. and Capie, F. (Eds.), (1999). Development of Monetary Theory in the 1920s and 1930s. Routledge.
• Wood, G. and Capie, F.H. (1999). Banking Theory 1870-1930. Routledge. ISBN 978-0-415-20166-7.
• Wood, G. (1998). Money, Prices and the Real Economy. Edward Elgar Publishing. ISBN 978-1-78195-924-4.
• Wood, G. and Capie, F. (1997). Asset Prices and the Real Economy. Palgrave Macmillan. ISBN 978-0-312-12983-5.
• Wood, G. (Ed.), (1996). Explorations in economic liberalism. Palgrave Macmillan. ISBN 978-0-312-15997-9.
• Wood, G. and Kaounides, L. (1994). Debt and Deficits. Edward Elgar. ISBN 978-1-85278-419-5.
• Wood, G. and Capie, F. (Eds.), Monetary Economics in the 1990s. Palgrave Macmillan. ISBN 978-0-333-57561-1.

Chapters (45)

• Castañeda, J.E., Mayes, D.G. and Wood, G. (2016). Banking union in Europe. European Banking Union: Prospects and Challenges (pp. 1–22). ISBN 978-1-317-44302-5.
• Phylaktis, K. (2016). The Cyprus debacle: implications for the European banking union. In Castañeda, J.E., Mayes, D.G. and Wood, G. (Eds.), European Banking Union Prospects and challenges Routledge. ISBN 978-1-138-90650-1.
• Capie, F. and Wood, G. (2015). Central bank independence: Can it survive a crisis? Current Federal Reserve Policy Under the Lens of Economic History: Essays to Commemorate the Federal Reserve System's Centennial (pp. 126–150). ISBN 978-1-316-16277-4.
• Capie, F.H. and Wood, G.E. (2012). Introduction: Three decades of monetary policy. Policy Makers on Policy: The Mais Lectures, Second Edition (pp. 1–16). ISBN 978-0-203-81670-7.
• Wood, G. and Kabiri, A. (2012). Firm stability and system stability: The regulatory delusion. Reforming the Governance of the Financial Sector (pp. 261–273). ISBN 978-0-203-08454-0.
• Wood, G. (2012). Bank regulation. Handbook of Critical Issues in Finance (pp. 19–25). ISBN 978-1-84980-370-0.
• Lastra, R. and Wood, G.E. (2011). Crisis Management. In Lastra, R. (Ed.), Cross-Border Bank Insolvency Oxford and London: Oxford University Press.
• Wood, G.E. and Kabiri, A. (2011). Firm Stability or System Stability? The Regulatory Delusion. In Singh, D., LaBrosse, J.R. and Olivares-Caminal, R. (Eds.), Managing Risk in the Financial System (pp. 181–193). Edward Elgar Publishing. ISBN 978-0-85793-382-9.
• Wood, G. and Capie, F. (2011). Financial Crises from 1803 to 2009: The Crescendo of Moral Hazard. In Chris Green, , Pentecost, E.J. and Weyman-Jones, T. (Eds.), The Financial Crisis and the Regulation of Finance (Essays in Honour of David Llewellyn) (pp. 134–154). London: Edward Elgar Publishing. ISBN 978-1-84980-870-5.
• Capie, F.H. and Wood, G.E. (2011). The Role of Finance in Britain's Economic Developement. In Franklin Allen, (Ed.), Finance and Developement - Lessons from History Washington, DC: World Bank.
• Wood, G.E. (2011). Was Tolstoy Right? In Harold James, (Ed.), Historical Perspectives on the Crisis Princeton, NJ: Princeton University Press.
• Mayes, G.D. and Wood, G. (2010). Lessons from the Northern Rock Episode. In Bliss, R. and Kaufman, G. (Eds.), Financial Institutions and Markets: 2007 - 2008 - The Year of Crisis (pp. 75–100). USA: Palgrave Macmillan.
• Mayes, D.G. and Wood, G. (2010). National Central Banks in a Multinational System. In Siklos, P.L., Bohl, M.T. and Wohar, M.E. (Eds.), Challenges in Central Banking (pp. 146–178). ISBN 978-0-521-19929-2.
• Wood, G.E. and Milne, A.K.L. (2009). "Oh What a Fall was There": Northern Rock in 2007. In Bliss, R. and Kaufman, G. (Eds.), Financial Institutions and Markets: 2007-2008 - The Years of Crisis (pp. 3–24). USA: Palgrave Macmillan.
• Wood, G. and Mayes, D. (2009). Banking Stability in Retrospect. In David Llewellyn, (Ed.), Britain's 21st Century Banking Crisis London and Amsterdam: Kluwer.
• Wood, G. and Mayes, D. (2009). The Northern Rock Saga. In Mayes, D., Pringle, R. and Taylor, M. (Eds.), Towards a New Framework for Fianancial Stability (pp. 104–117). London: Central Banking Publications. ISBN 978-1-902182-55-1.
• Wood, G. (2009). Thoughtful Regulation. In Philip Booth, (Ed.), Verdict on the Crash: Causes and Policy Implications (pp. 171–177). London: Institute of Economic Affairs. ISBN 978-0-255-36635-9.
• Wood, G. (2009). Towards a Coherent Crisis Resolution Mandate. In Singh, D., LaBrosse, J.R. and Olivares-Caminal, R. (Eds.), Financial Crisis Management and Bank Resolution (Output of 2011 Banking Law Symposium Crisis Management and the Use of Government Guarantees) London: Informa Law. ISBN 978-1-84311-838-1.
• Wood, G. and Ricketts, M. (2008). Prohibitions and economics: an overview. In John Meadowcroft, (Ed.), Prohibitions London: Institute of Economic Affairs (IEA). ISBN 978-0-255-36585-7.
• Wood, G. (2008). Free Markets Under Siege: Commentary by Geoffrey Wood. In Epstein, R. (Ed.), Free Markets Under Siege (pp. 65–77). Hoover Institution Press.
• Wood, G., Capie, F.H. and Tsomocos, D. (2007). E Barter versus Fiat Money. In Drandakis, E., Glycopantis, D. and Stamatis, G. (Eds.), Essays In Economic Theory. IN HONOR OF PROFESSOR THEOFANIS BENOS Athens, Greece: Kritiki. ISBN 978-960-218-506-3.
• Wood, G. (2007). Stock Market Crashes. In Oliver, M.J. and Aldcroft, D.H. (Eds.), Economic Disasters of the Twentieth Century (pp. 236–256). Edward Elgar Publishin. ISBN 978-1-84720-549-0.
• Wood, G. and Capie, F.H. (2006). Asset Prices, Financial Stability, and the Role of the Central Bank. In Matthews, K. and Booth, P. (Eds.), Issues in Monetary Policy (pp. 95–102). Chichester: John WIley and Sons. ISBN 978-0-470-01819-4.
• Wood, G. (2006). Currency Crisis and Contagion. In Vaidya, A.K. (Ed.), Globalization: Encyclopedia of Trade, Labor, and Politics (pp. 25–34). ABC-CLIO Ltd. ISBN 978-1-57607-826-6.
• Wood, G.E. and Schmitz, S. (2006). Institutional Change in the Payment System and Monetary Policy - an Introduction. In Wood, G. and Schmitz, S.W. (Eds.), Institutional Change in the Payments system and Monetary Policy (pp. 1–30). Routledge. ISBN 978-0-415-38402-5.
• Wood, G., Tsomocos, D. and Capie, F. (2006). Modelling Institutional Change in the Payments System. In Schmitz, S.W. and Wood, G. (Eds.), Institutional Change in the Payments System and Monetary Policy (pp. 62–80). Routledge. ISBN 978-0-415-38402-5.
• Wood, G.E. (2006). The lender of last resort reconsidered. The Lender of Last Resort (pp. 365–395). ISBN 0-203-32758-6.
• Capie, F.H., Tsomocos, D.P. and Wood, G.E. (2006). Modelling institutional change in the payments system, and its implications for monetary policy. Institutional Change in the Payments System and Monetary Policy (pp. 62–80). ISBN 978-0-203-09995-7.
• Wood, G. and Gardner, P. (2005). The Regulatory Response. In Adams, A. (Ed.), The Split Capital Investment Trust Crisis (pp. 117–126). Wiley. ISBN 978-0-470-86862-1.
• Wood, G., Capie, F. and Sensenbrennen, F. (2005). Attitude to Foreign Investment in the United Kingdom. In Huizinga, H. and Jonung, L. (Eds.), The Internationalisation of Asset Ownership in Europe (pp. 278–307). Cambridge University Press. ISBN 978-0-521-85295-1.
• Capie, F. and Wood, G. (2004). Price change, financial stability, and the british economy, 1870–1939. Deflation: Current and Historical Perspectives (pp. 61–90). ISBN 978-0-511-60700-4.
• Capie, F., Mills, T.C. and Wood, G. (2003). Money, interest rates and the Great Depression: Britain from 1870 to 1913. In Foreman-Peck, J. (Ed.), New Perspectives on the Late Victorian Economy (pp. 251–284). Cambridge University Press. ISBN 978-0-521-89085-4.
• Capie, F.H. and Wood, G.E. (2003). Introduction. (pp. 1–6). ISBN 0-203-41791-7.
• Wood, G. (2002). Can EMU Survive Unchanged?
• Wood, G. and Capie, F. (2002). The International Monetary System: An Historical Perspective on Current Proposals. In Aldcroft, D.H. and Oliver, M.J. (Eds.), Studies in economic and social history: Essays in Honour of Derek H. Aldcroft Ashgate Publishing.
• Wood, G. (2000). The Lender of Last Resort Reconsidered. (pp. 203–227). Wiley.
• Wood, G. (1999). Crisis Management, Lender of Last Resort and Deposit Insurance in Economies in Transition. In Lastra, R.M. and Schiffman, H.M. (Eds.), Bank Failures and Bank Insolvency Law in Economies in Transition Kluwer Law International. ISBN 978-90-411-9714-6.
• Capie, F. (1998). The Long-run Relationship Between Money and Prices. In Wood, G. (Ed.), Money, Prices and the Real Economy Edward Elgar Publishing.
• Wood, G. and Taylor, M. (1997). Cointegration and the Forward Looking Model: The Demand for UK Broad Money During the International Gold Standard. In Bayoumi, T., Eichengreen, B. and Taylor, M.P. (Eds.), Modern Perspectives on the Gold Standard Cambridge University Press. ISBN 978-0-521-57169-2.
• Capie, F. and Wood, G. (1997). Money Demand and Supply Under the Gold Standard: Britain 1870-1914. In Bayoumi, T., Eichengreen, B. and Taylor, M.P. (Eds.), Modern Perspectives on the Gold Standard Cambridge University Press. ISBN 978-0-521-06351-7.
• Capie, F. and Wood, G.E. (1997). Introduction to Asset Prices and the Real Economy. In Capie, F. and Wood, G.E. (Eds.), Asset Prices and the Real Economy Springer. ISBN 978-1-349-25411-8.
• Wood, G. and Capie, F. (1994). Money in the Economy, 1870-1939. In Floud, R. and McCloskey, D.N. (Eds.), The Economic History of Britain Since 1700 Cambridge Univ Pr. ISBN 978-0-521-42522-3.
• Wood, G., Capie, F.H. and Mills, T.C. (1993). Central Bank Independence: An Exploratory Analysis of Historical Data. In Siklos, P.L. (Ed.), Varieties of Monetary Reforms: Lessons and Experiences on the Road to Monetary Union Kluwer Academic. ISBN 978-0-7923-9474-7.
• Capie, F. and Wood, G. (1993). The Anatomy of a Wartime Inflation, Britain 1939-1945. In Mills, G. and Rockoff, H. (Eds.), The Sinews of War: Essays on the Economic History of World War II Iowa State University Press.
• Capie, F. and Wood, G. (1992). The Anatomy of a Wartime Inflation, Britain 1939-1945. In Rockoff, H. (Ed.), Price Controls EE Edward Elgar. ISBN 978-1-85278-431-7.

Journal Articles (44)

• Capie, F. and Wood, G. (2016). Some Reflections on the Ubiquity of Regulation. Economic Affairs, 36(1), pp. 48–55. doi:10.1111/ecaf.12140.
• Capie, F. and Wood, G. (2013). Central Bank Independence: A Victim of the Crisis? Economic Affairs, 33(3), pp. 379–385. doi:10.1111/ecaf.12037.
• Wood, G. (2011). The Decline of Sterling: Managing the Retreat of an International Currency, 1945–1992. By Catherine R. Schenk. Cambridge: Cambridge University Press, 2010. Pp. vii, 437. $99.00, hardcover. The Journal of Economic History, 71(03), pp. 806–807.
• Castañeda, J.E. and Wood, G.E. (2011). Price stability and monetary policy: A proposal of a non active policy rule. Cuadernos de Economia, 34(95), pp. 62–72. doi:10.1016/S0210-0266(11)70007-3.
• Wood, G.E. (2011). Removing Barriers to Orderly Crisis Resolution. Journal of International Banking and Financial Law .
• Lastra, R.M. and Wood, G. (2010). The crisis of 2007-09: Nature, causes, and reactions. Journal of International Economic Law, 13(3), pp. 531–550. doi:10.1093/jiel/jgq022.
• Castrén, O., Takalo, T. and Wood, G. (2010). Unemployment persistence and the sustainability of exchange rate pegs. Scottish Journal of Political Economy, 57(1), pp. 85–102. doi:10.1111/j.1467-9485.2009.00508.x.
• Wood, G. (2010). A failure of capitalism: the crisis of '08 and the descent into depression. INTERNATIONAL AFFAIRS, 86(1), pp. 272–273.
• Wood, G.E. (2009). Living Wills for Dying Banks. Apertacontrada .
• Wood, G. (2009). Editorial: Central banking, monetary stability and financial stability. Economic Affairs, 29(3), pp. 2–5. doi:10.1111/j.1468-0270.2009.01910.x.
• Milne, A. and Wood, G. (2009). Shattered on the Rock? British financial stability from 1866 to 2007. Journal of Banking Regulation, 10(2), pp. 89–127. doi:10.1057/jbr.2008.28.
• wood, G. (2009). The monetary policy of the Federal Reserve: a history - By Robert L. Hetzel. The Economic History Review, 62(1), pp. 241–242.
• Wood, G.E. (2009). Governance not Regulation. Apertacontrada .
• Mayes, D.G. and Wood, G. (2008). Lessons from the northern rock episode. Economie Internationale, 114(2), pp. 5–27.
• Milne, A. and Wood, G. (2008). Banking crisis solutions old and new. Federal Reserve Bank of St. Louis Review, 90(5), pp. 517–530.
• Wood, G.E. and Mills, T.C. (2007). Policy Rules and Price Level Flexibility: An Historical Exploration. Indian Economic Journal, 54(3), pp. 104–118.
• Capie, F.H. and Wood, G.E. (2006). Illusion versus reality: A comparison of governance and outcome in British and German banking. Journal of Interdisciplinary Economics, 17(1-2), pp. 129–138.
• Allen, W.A. and Wood, G. (2006). Defining and achieving financial stability. Journal of Financial Stability, 2(2), pp. 152–172. doi:10.1016/j.jfs.2005.10.001.
• Wood, G. (2006). Governance or regulation? Efficiency, stability and integrity in the financial sector. Journal of Banking Regulation, 7(1-2), pp. 2–16. doi:10.1057/palgrave.jbr.2340002.
• Wood, G. (2006). 364 Economists on Economic Policy. Econ Journal Watch, 3(1), pp. 137–147.
• Capie, F., Mills, T.C. and Wood, G. (2005). Gold as a hedge against the dollar. Journal of International Financial Markets, Institutions and Money, 15(4), pp. 343–352. doi:10.1016/j.intfin.2004.07.002.
• Capie, F., Wood, G. and Sensenbrenner, F. (2004). Foreign direct investment in the UK: Flows, attitudes, and implications. Journal of Interdisciplinary Economics, 16(1), pp. 5–30.
• Wood, G.E. (2004). Who pays for wheelchairs? Economic Affairs, 24(2), pp. 60–61. doi:10.1111/j.1468-0270.2004.00476.x.
• Wood, G. (2004). A skeptical view of Bank Regulation. Journal of Financial Regulation and Compliance, 15, pp. Jan–23.
• Wood, G. and Staikouras, C. (2004). Bank Profitability and Portfolio Composition. Applied Business Research, 23, pp. Jul–17.
• Wood, G.E. (2003). Too much regulation? Economic Affairs, 23(3), pp. 21–27. doi:10.1111/1468-0270.00426.
• Wood, G. and Staikouras, C. (2003). Bank Profitability and Portfolio Consumption. Applied Business Research .
• Wood, G. and Capie, F.H. (2003). Monetary Unions: Economic Criteria, History, Prospects. Greek Economic Review, 21 .
• Capie, F. and Wood, G. (2003). Deflation in the British Economy, 1870-1939. Journal of European Economic History, 2003(2), pp. 277–305. [publisher’s website]
• Capie, F. and Wood, G. (2002). Asset prices and economic performance: Britain, 1870 to 1939. JOURNAL OF ECONOMIC HISTORY, 62(2), pp. 571–572.
• Capie, F. and Wood, G. (2002). Price controls in war and peace: A marshallian conclusion. Scottish Journal of Political Economy, 49(1), pp. 39–60.
• Capie, F. and Wood, G. (2002). Does Fiat Money have a Future? Revue bancaire et financiere, .(March 2002)
• Capie, F. and Wood, G. (2001). The birth, life and demise of a currency: 50 years of the deutsche mark. Economic Journal, 111(472) .
• Wood, G. and Staikouras, C. (2000). Banking Competition and Stability in Europe. , 12 .
• Wood, G. (1999). Great crashes in history: have they lessons for today? Oxford Review of Economic Policy, 15(3), pp. 98–109. doi:10.1093/oxrep/15.3.98.
• Wood, G. (1999). A New International Financial Architecture? , Spring .
• Wood, G. and Capie, F. (1999). The IMF as an International Lender of Last Resort. , 1 .
• Wood, G. (1997). Book Reviews. Business History, 39(3), pp. 175–176.
• Wood, G. and Capie, F.H. (1996). Debt, Deflation and Recession. , 2 .
• Wood, G. and shaw, P. (1996). Reflections on the 1995-96 Budget in the United Kingdom. , 2 .
• Wood, G. and Neely, C. (1995). Deflation and real economic activity under the Gold Standard. , 77 .
• Wood, G. (1992). Currency Competition and European Monetary Performance. , 10 .
• Capie, F.H., Mills, T.C. and Wood, G.E. (1986). Debt management and interest rates: The British stock conversion of 1932. Applied Economics, 18(10), pp. 1111–1126. doi:10.1080/00036848600000066.
• Capie, F. and Wood, G. (1986). Central Banks Can Avert Disaster. Economic Affairs, 7(1), pp. 57–58. doi:10.1111/j.1468-0270.1986.tb01813.x.