Conference resume (instability)



E. Philip Davis is Professor of Economics and Finance at Brunel University, West London. Davis is also an associate member of the Financial Markets Group at the London School of Economics, an Associate Fellow of the Royal Institute for International Affairs and a Research Fellow of the Pensions Institute at Birkbeck College, London. He is also a consultant with the Monetary and Financial Affairs Department at the IMF, and a member of the European Shadow Financial Regulatory Committee. 

Davis left Oxford University in 1980, and was employed by the Bank of England up to 2000 except for two spells on secondment, to the Bank for International Settlements in 1985-7, and in 1993-97 to the European Monetary Institute and its successor, the European Central Bank. Davis’ most recent job at the Bank of England was as Senior International Financial Advisor in the Financial Institutions Division, responsible for assessing developments in financial structure in European countries, in particular those which might threaten financial stability, as well as for research into the causes of financial instability more generally. He was a member of the ECB’s Working Group on Macroprudential Assessment during this period.

Davis has published widely in the fields of financial stability, institutional investment, euromarkets, banking, corporate finance, and financial regulation. Davis’s first book, "Debt, Financial Fragility and Systemic Risk" was published by Oxford University Press in 1992 and was issued in paperback in 1995. His second book, "Pension Funds, Retirement-Income Security and Capital Markets, an International Perspective" was also published by OUP, and emerged in 1995. His third book, edited jointly with Zvi Bodie of Boston University, is entitled "Foundations of Pension Finance" and is a set of key articles in pension economics. It emerged in July 2000, published by Edward Elgar. His fourth, written together with Benn Steil of the Council on Foreign Relations, is "Institutional Investors" and was published by MIT Press in early 2001. A forthcoming book with Joseph Byrne is entitled “Financial Structure – a study of sectoral balance sheets in the G-7” emerged from Cambridge University Press in August 2003.