The Northern Rock crisis: a multi‐dimensional problem waiting to happen

David T. Llewellyn

Journal of Financial Regulation and Compliance, 2008, vol. 16, issue 1, 35-58

Abstract: Purpose - The purpose of this paper is to offer an initial assessment of the Northern Rock (NR) crisis. Design/methodology/approach - The paper describes the context of financial market turmoil and the multi‐dimensional aspects of the crisis. Findings - The central finding of this paper is that the NR episode is a multi‐dimensional problem and reflects a complex set of inter‐related problems. Originality/value - The paper brings together some of the strands of the analysis and addresses several lessons that can be learned.

Keywords: Banks; Banking; Financial markets; United Kingdom (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eme:jfrcpp:v:16:y:2008:i:1:p:35-58

DOI: 10.1108/13581980810853208

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