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Overview
Affiliations
AffiliationRoom numberTelephone
Professor of Finance and Economics in the Business SchoolMHL 143+44 (0) 191 33 45433

Biography

Prospective PhD students are invited to contact the School's Research Office in the first instance to discuss their area of interest.

Research interests

  • Finance/financial risk management
  • Monetary and macroeconomics
  • Current financial crisis
  • Banking and financial regulation
  • Banking history
  • Pensions

Publications

Authored book

  • Dowd, K. & Hutchinson, M. (2010). Alchemists of Loss: How Modern Finance and Government Intervention Crashed the Financial System. Chichester: Wiley.
  • Dowd, K (2009). Lessons from the Financial Crisis: A Libertarian Perspective. Libertarian Alliance, Online.
  • Dowd, K. (2008). Measuring Market Risk. Chicester and New York John Wiley & Sons.
  • Dowd, K. (2005). Measuring Market Risk. Chichester and New York John Wiley and Sons.
  • Dowd, K. (2002). An Introduction to Market Risk Measurement. Chichester and New York: John Wiley & Sons.
  • Dowd, K. (2000). Money and the Market: Essays on Free Banking. London and New York: Routledge.
  • Dowd, K. (1998). Beyond Value at Risk: The New Science of Risk Management. Chichester and New York: John Wiley and Sons.
  • Dowd, K. (1996). Competition and Finance: A Reinterpretation of Financial and Monetary Economics. Basingstoke: MacMillan Press.
  • Dowd, K (1993). Laissez-Faire Banking. London: Routledge.
  • Dowd, K. (1989). The State and the Monetary System. Oxford and New York: Phillip Allan Publishers, St Martin's Press.
  • Dowd, K (1988). Private Money: The Path to Monetary Stability. Institute of Economic Affairs.

Chapter in book

  • Down,K. (2015). Free Banking. In Oxford Handbook of Austrian Economics. Boettke, P. & Coyne, C. Oxford University Press.
  • Dowd, K. (2012). Model Risk. In Encyclopedia of Financial Models. Fabozzi, F. J. Wiley: Hoboken, NJ. 2.
  • Dowd, K. & Hutchinson, M. (2010). Reawakening the Inflation Monster: US Monetary Policy and the Federal Reserve. In Lessons from the Financial Crisis: Insights and Analysis from Today's Leading Minds. Kolb, R. John Wiley & Sons Inc, UK. 475-481.
  • Dowd, K. (2010). Value-at-Risk. In Encyclopedia of Quantitative Finance. Cont, R (Editor in Chief) New York: Wiley. 1: 1863-1866.
  • Aragones, J.R., Blanco, C. & Dowd, K. (2009). Stress Tests, Market Risk Measures and Extremes: Bringing Stress Tests to the Forefront of Market Risk Management. In Stress Testing for Financial Institutions: Applications, Regulations and Techniques. Rosch, D. & Scheule, H. London: Risk Books. 17-33.
  • Dowd, K. & Blanco, C. (2009). Efficient VaR: Using Past Forecast Performance to Generate Improved VaR Forecasts. In The VaR Implementation Handbook: Financial Risk and its Applications in Asset Management, Measurement and Modeling. Gregoriou, G. New York: McGraw-Hill. 25-39.
  • Cotter, J. & Dowd, K. (2009). Quantile-based tail risk estimation for equity portfolios. In The VaR Modelling Handbook: Practical Applications in Alternative INvesting, Banking, Insurance and Portfolio Management. Gregoriou, G. New York: McGraw-Hill. 297-313.
  • Dowd, K. (2008). Back-Testing Market Risk Models. In Handbook of Finance. Fabozzi, F.J. Wiley: Hoboken, NJ. 3: 93-99.
  • Dowd, K. (2008). A Moments-based Procedure for Evaluating Risk Forecasting Models. In Analytics of Risk Model Validation. Christodoulakis, G. & Satcchell, S. USA: Elsevier. 45-59.
  • Blake, D. & Dowd, K. (2008). Securitization/Life. In Encyclopedia of Quantitative Risk Analysis and Assessment. Melnick, E. & Everitt, B. Chichester: John Wiley and Sons. 4: 1623-1627.
  • Dowd, K. (2008). Default Risk. In Encyclopedia of Quantitative Risk Assessment and Analysis. Melnick, E. & Everitt B. Chicester: John Wiley and Sons. 476-481.
  • Dowd, K. (2006). Forecasting Inflation: The Inflation "Fan Charts". In Isues in Monetary Policy: The Relationship between Money and Financial Markets. Matthews, K. and & Booth P. John Wiley and Sons, Chichester. 80-93.
  • Dowd, K. (2006). Value-at-Risk. In Encyclopedia of Actuarial Science. Teugelsl, J.L. & Sundt, B. Chichester: John Wiley & Sons. 3: 1740-1748.
  • Dowd, K. (2002). Time Inconsistency. In An Encyclopedia of Macroeconomics. Snowdon, B. and & Vane, H.R. Edward Elgar, Cheltenham. 699-703.
  • Dowd, K. (2002). Gold Standard. In An Encyclopedia of Macroeconomics. Snowdon, B. and & Vane, H.R. Edward Elgar, Cheltenham. 293-296.
  • Dowd, K. (2000). The "Compensated Dollar" Revisited. In Money and the Market: Essays on Free Banking. Dowd, K. Routledge, London. 104-113.
  • Dowd, K & Hinchliffe, JM (2000). Patemalism Fails Again - The Story of the Financial Services Act. In Money and the Market: Essays on Free Banking. Dowd, K Routledge. 167-182.
  • Dowd, K (1999). The Invisible Hand and the Evolution of the Monetary System. In What is Money?. Smithin, J Routledge. 139-156.
  • Dowd, K & Timberlake, Jr, R H (1998). The Misguided Drive Toward European Monetary Union. In Money and the Nation State: The Financial Revolution, Government and the World Monetary System. Transaction Publishers.
  • Chappell, D. & Dowd, K. (1997). Is Convertibility on Demand Always Optimal? In Contemporary Developments in Finance. Topsacalian, P. Eska, Paris. 167-174.
  • Dowd, K. (1997). Option Clause. In Business Cycles and Depressions. An Encyclopedia. Glasner, D. Garland Pulbishers, New York. 501-2.
  • Dowd, K. (1995). Money and Banking: The American Experience. In Money and Banking: The American Experience. George Edward Durrell Foundation. Fairfax, VA: George Mason University Press. 1-29.
  • Dowd, K (1994). Free Banking. In Handbook of International Banking. Mullineux, A W. & Murinde, V. Cheltenham Edward Elgar. 173-190.
  • Dowd, K (1994). Free Banking. In The Elgar Companion to Austrian Economics. Boettke, P Edward Elgar. 408-413.
  • Dowd, K. (1992). Stopping Inflation. In Honest Money. Australian Institute for Public Policy. Perth, WA. 13-22.
  • Dowd, K (1992). Free Banking in Australia. In The Experience of Free Banking. Dowd, K Routledge. 48-78.
  • Dowd, K (1992). US Banking in the Free Banking Period. In The Experience of Free Banking. Dowd, K Routledge. 206-240.
  • Dowd, K (1991). The Evolution of Central Banking in England, 1821-1890. In Unregulated Banking: Order or Chaos?. Capie, F & Wood, G E Macmillan. 24-28.

Edited book

  • Dowd, K. & Timberlake, Jr., R H. (1998). Money and the Nation State: The Financial Revolution, Government and the World Monetary System. Transaction Publishers, New Brunswick, NJ.
  • Dowd, K. & Lewis, M.K. (1992). Current Issues in Monetary Theory and Policy. London, Macmillan.
  • Dowd, K (1992). The Experience of Free Banking. Routledge.

Journal Article

Newspaper/Magazine Article

  • Alexander, J., Beenstock, M., Booth, P., Butler, E., Congdon, T., Copeland, L., Dowd, K., Greenwood, J., Gregg, S., Kay, J., Llewellyn,D., Morrison, A., Myddelton, D.R. & Wood, G. (2009). The Government's Second Bail-Out is a Poor Way Government Failure Caused the Financial Crisis to Save the Banking System. Sunday Telegraph (14 May 2009).
  • Dowd, K. (2009). The Government's Second Bail-Out is a Poor Way to Save the Banking System. The Sunday Telegraph (25 January 2009).
  • Dowd, K., Lilico, A., Greenwood, J., Jeffrey, R., Lea, R., Williams, T., Allington, N., Booth, P., Congdon, T., Copeland, L., Matthews, K., Morrison, A., Peacock, A., Pennington, M., Smith, D.B. & Spencer, P. (2008). Keynesian Over-spending Won't Rescue the Economy. The Sunday Telegraph (26 October 2008).
  • Blake, D., Cairns, A. & Dowd, K. (2008). One day Pensions Will Be Properly Planned. Financial Times (19 May).
  • Dowd, K (2007). Northern Rock Managers like Captain of Titanic. The Financial Times (19 October 2007).
  • Dowd, K. (2007). Better to Have Thrown Northern Rock to the Wolves. The Financial Times (19 September 2007).

Report

  • Dowd, K. (2017). No Stress III: The Flaws in the Bank of England's 2016 Stress Tests. London, Adam Smith Institute.
  • Dowd, K. (2017). Killing the Cash Cow: Why Andy Haldane is Wrong about Demonetisation. Adam Smith Institute Briefing Paper.
  • Dowd, K. (2016). No Stress II: The Flaws in the Bank of England’s Stress Testing Programme. London: Adam Smith Institute.
  • Dowd, K. (2015). No Stress: The Flaws in the Bank of England’s Stress Testing Programme. London: Adam Smith Institute.
  • Harrison, D., Blake, D. & Dowd, K. (2014). VfM: Assessing value for money in defined contribution default funds. The Pensions Institute.
  • Dowd, K. (2014). New Private Monies: A Bit-Part Player? London: Institute of Economic Affairs and Cobden Centre.
  • Woods, M. & Dowd, K. (2008). Financial Risk Management for Management Accountants. Society of Management Accountants of Canada.
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