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Panel discussion "Unelected Power"


Panel Discussions

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Sir Paul Tucker will discuss his new book "Unelected Power: The Quest for Legitimacy in Central Banking and the Regulatory State" (Princeton University Press) with City panellists: Cornel Ban from the Dept of International Politics and Forrest Capie from Cass.


Sir Paul Tucker is a British economist and central banker. He was formerly the Deputy Governor of the Bank of England, with responsibility for financial stability, and served on the Bank's Monetary Policy Committee from June 2002 until October 2013 and its interim and then full Financial Policy Committee from June 2011. In November 2012 he was turned down for the position of governor in favour of Mark Carney. In June 2013, Tucker announced that he would leave the Bank of England, and later that he would be moving to Harvard. He was knighted in the 2014 New Year Honours for services to central banking.  Since late 2013, Tucker has been a Fellow at the Harvard Kennedy School’s Mossavar-Rahmani Center for Business and Government. He is a Senior Fellow at Harvard's Center for European Studies.

Forrest Capie is Professor Emeritus of Economic History at the Cass Business School City, UoL. After a doctorate at the London School of Economics (LSE) and a teaching fellowship there, he taught at the University of Warwick and the University of Leeds. He was a British Academy Fellow at the National Bureau in New York and a Visiting Professor at the University of Aix-Marseille and the LSE, and a Visiting Scholar at the IMF.  He was Head of Dept of Banking and Finance at City University from 1989-1992; editor of the Economic History Review 1993-1999; a member of the Academic Advisory Council of the Institute of Economic Affairs in London, and an advisor to the Shadow Chancellor of the Exchequer. He has written widely on money, banking, trade and commercial policy and recently completed the commissioned history of the Bank of England (Cambridge University Press, 2010). His latest book ‘Money over Two Centuries’ was published by Oxford University Press in 2012.  He was recently advisor to the UK’s Parliamentary Commission on Banking following the recent global financial crisis.

Cornel Ban joined City, UoL in January 2018 as a Reader in political economy. Prior to this he had worked as an assistant professor at Boston University and research fellow at Brown University in the US. He was also a visiting researcher at the European University Institute and a visiting associate professor at Copenhagen Business School.  Professor's Ban's work is situated at the intersection of international relations, comparative political economy, sociology and economic history. He wrote two books and a dozen articles and book chapters on the politics of economic expertise and income distribution, macroeconomic policy shifts and organizational shifts in international financial institutions and capitalist diversity in Brazil, Spain and Romania. His most recent book (Ruling Ideas: How Neoliberalism Goes Local, Oxford University Press, 2018) received the political economy award for 2017 of the British International Studies Association.

The event will be followed by refreshments.

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When & where

6.30pm - 8.00pmTuesday 6th November 2018

B200 University Building City, University of London Northampton Square London EC1V 0HB United Kingdom

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Book Launch of “Unelected Power: The Quest for Legitimacy in Central Banking and the Regulatory State”

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