Skip to main content
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.
  • 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). A Moments-based Procedure for Evaluating Risk Forecasting Models. In Analytics of Risk Model Validation. Christodoulakis, G. & Satcchell, S. USA: Elsevier. 45-59.
  • 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. (2008). Back-Testing Market Risk Models. In Handbook of Finance. Fabozzi, F.J. Wiley: Hoboken, NJ. 3: 93-99.
  • 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). Gold Standard. In An Encyclopedia of Macroeconomics. Snowdon, B. and & Vane, H.R. Edward Elgar, Cheltenham. 293-296.
  • Dowd, K. (2002). Time Inconsistency. In An Encyclopedia of Macroeconomics. Snowdon, B. and & Vane, H.R. Edward Elgar, Cheltenham. 699-703.
  • 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. (2000). The "Compensated Dollar" Revisited. In Money and the Market: Essays on Free Banking. Dowd, K. Routledge, London. 104-113.
  • 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 The Elgar Companion to Austrian Economics. Boettke, P Edward Elgar. 408-413.
  • Dowd, K (1994). Free Banking. In Handbook of International Banking. Mullineux, A W. & Murinde, V. Cheltenham Edward Elgar. 173-190.
  • 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. (1992). Stopping Inflation. In Honest Money. Australian Institute for Public Policy. Perth, WA. 13-22.
  • 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 (1992). The Experience of Free Banking. Routledge.
  • Dowd, K. & Lewis, M.K. (1992). Current Issues in Monetary Theory and Policy. London, Macmillan.

Journal Article

  • Hutchinson, M. & Dowd, K. (2021). The Economic Policies of Lord Liverpool. Cato Journal
  • Buckner, D. & Dowd, K. (2021). Discounting the Discounted Projection Approach. North American Actuarial Journal
  • Buckner, Dean & Dowd, Kevin (2020). How Profitable are Equity Release Mortgages? Economics Letters 197: 109651.
  • Dowd, K., Cairns, A.J.G. & Blake, D. (2020). CBDX: A Workhorse Mortality Model from the Cairns-Blake-Dowd Family. The Annals of Actuarial Science 14(2): 445-460.
  • Dowd, K. (2019). The war on cash is about much more than cash. Economic Affairs 39(3): 391-399.
  • Blake, D., Cairns, A.J.G., Dowd, K. & Other, A.N. (2019). Still living with mortality: the longevity risk transfer market after one decade. British Actuarial Journal 24: e1.
  • Cairns, A. J. G., Kallestrup, M., Rosenskjold, C., Blake, D. & Dowd, K. (2019). Modelling Socio-Economic Differences in Mortality Using a New Auence Index. ASTIN Bulletin 49(3): 555-590.
  • Dowd, K Blake, D Buckner, D & Fry, J (2019). The valuation of no-negative equity guarantees and equity release mortgages. Economics Letters 184: 108669.
  • Dowd, K., Cairns, A.J.G. & Blake, D. (2019). Hedging Annuity Risks with the Age-Period-Cohort Two-Population Gravity Model. The North American Actuarial Journal 25(sup1): S170-S181.
  • Dowd, K. & Hutchinson, M. (2018). The apotheosis of the rentier: how Napoleonic war finance kickstarted the industrial revolution. Cato Journal 38(3).
  • Dowd, K. & Hutchinson, M. (2017). From Excess Stimulus to Monetary Mayhem. Cato Journal 37(2): 303-328.
  • Blake, D., Cairns, A.J.G., Coughlan, G.D., Dowd, K. & MacMinn, R. (2016). Le nouveau marché du risque de longévité. Revue d'économie financière 122(2): 129-164.
  • Dowd, K., Blake, D. & Cairns, A.J.G. (2016). The Myth of Methusalah and the Uncertainty of Death: The Mortality Fan Charts. Risks 4(3): 21.
  • Dowd, K. & Hutchinson, M. (2016). Learning the Right Lessons from the Financial Crisis. Cato Journal 36(2): 393-413.
  • Cairns, A. J. G., Blake, D., Dowd, K. & Kessler, A. (2016). Phantoms never die: living with unreliable population data. Journal of the Royal Statistical Society: Series A (Statistics in Society) 179(4): 975-1005.
  • Dowd, K. (2015). Central Bank Stress Tests: Mad, Bad, and Dangerous. Cato Journal 35(3): 507-524.
  • Down, K. & Hutchinson, M. (2015). Bitcoin Will Bite the Dust. Cato Journal 35(2): 357-382.
  • Dowd, K. & Hutchinson, M (2014). How Should the Financial System be Regulated? Cato Journal 353-388.
  • Dowd,K (2014). Math Gone Mad: Regulatory Risk Modeling by the Federal Reserve. Cato Institute Policy Analysis
  • Cairns, A. J. G. Dowd, K. Blake,D. & Coughlan, G. D (2014). Longevity Risk Effectiveness: A Decomposition. 217-235.
  • Dowd, K. (2013). Moral Hazard and the Financial Crisis. Cato Journal 29(1): 141-166.
  • Cairns, A., Dowd, K., Blake, D. & Coughlan, G. (2013). Longevity hedge effectiveness a decomposition. Quantitative Finance 14(2): 217-235.
  • Mozumder, S., Sorwar, G. & Dowd, K. (2013). Option Pricing Under Non-Normality: A Comparative Analysis. Review of Quantitative Finance and Accounting 40(2): 273-292.
  • Learmonth, M., Lockett, A. & Dowd, K. (2012). Promoting Scholarship that Matters: The Uselessness of Useful Research and the Usefulness of Useless Research. British Journal of Management 23(1): 35-44.
  • Dowd, K., Kerr, G. & Hutchinson, M. (2012). The Coming Fiat Money Cataclysm and the Case for Gold. Cato Journal 32(2): 363-388.
  • Dowd, K., Cotter, J. & Loh, L. (2011). U.S. Core Inflation: a Wavelet Analysis. Macroeconomic Dynamics 15(4): 513-536.
  • Dowd, K. & Cronin, D. (2011). Fiscal Fan Charts - A Tool for Assessing Member States'(Likely?)Compliance with EU Fiscal Rules. Central Bank of Ireland Research Technical Paper
  • Cairns, A.J.G., Dowd, K., Blake, D. & Coughlan, G. (2011). Longevity Hedge Effectiveness: A Decomposition. Actuarial Post
  • Cairns, A.J.G., Blake, D., Dowd, K., Khalaf-Allah, M. & Coughlan, G.D. (2011). A Gravity Model of Mortality Rates for Two Related Populations. North American Actuarial Journal 15(2): 334-356.
  • Coughlan, G.D., Khalaf-Allah, M., Ye, Y., Kumar, S., Cairns, A.J.G., Blake, D. & Dowd, K. (2011). Longevity Hedging 101: A Framework for the Longevity Basis Risk Analysis and Hedge Effectiveness. North American Actuarial Journal 15(2): 150-176.
  • Dowd, K. & Hutchinson, M. (2011). U.S. Decapitalization, Easy Money and Asset Price Cycles. The Cato Journal 31(3): 505-519.
  • Cairns, A.J.G., Blake, D., Dowd, K., Coughlan, G.D., Epstein, D. & Khalaf-Allah, M. (2011). Mortality Density Forecasts: An Analysis of Six Stochastic Mortality Models. Insurance: Mathematics and Economics 48(3): 355-367.
  • Dowd, K. & Hutchinson, M. (2011). Easy Money and the Decapitalization of America. Cato Policy Report 33(1): 1, 6-8.
  • Cotter, J. & Dowd, K. (2011). Extreme global equity market risk. Journal of Derivatives and Hedge Funds 17(4): 312-325.
  • Morgan, W., Cotter, J. & Dowd, K. (2011). Extreme Measures of Agricultural Financial Risk. Journal of Agricultural Economics 63(1): 65-82.
  • Dowd, K., Blake, D. & Cairns, J.G. (2011). A Computationally Efficient Algorithm For Estimating The Distribution Of Future Annuity Values Under Interest-Rate and Longevity Risks. North American Actuarial Journal 15(2): 237-247.
  • Dowd, K., Hutchinson, M., Ashby, S. & Hinchliffe, J. (2011). Capital Inadequacies: The Dismal Failure of the Basel System of Bank Capital Regulation. Cato Journal 681.
  • Dowd, K. (2011). The End of a Monetary Phenomenon. Central Banking 22(2): 41-48.
  • Cairns, A.G.J., Blake, D., Dowd, K., Coughlan, G.D. & Khalaf-Allah, M. (2011). Bayesian Stochastic Mortality Modelling for Two Populations. ASTIN Bulletin 41(1): 29-59.
  • Dowd, K., Blake, D. & Cairns, A.J.G. (2010). Facing up to Uncertain Life Expectancy: The Longevity Fan Charts. Demography 47(1): 67-78.
  • Dowd, K., Cairns, A.J.G., Blake, D., Coughlan, G.D., Epstein, D. & Khalaf-Allah, M. (2010). Evaluating the Goodness of Fit of Stochastic Mortality Models. Insurance: Mathematics and Economics 47(3): 255-273.
  • Dowd, K., Cairns, A.J.G., Blake, D., Coughlan, D.G., Epstein, D. & Khalaf-Allah, M. (2010). Backtesting Stochastic Mortality Models: An Ex-Post Evaluation of Multi-Period-Ahead Density Forecasts. North American Actuarial Journal 14(3): 281-298.
  • Dowd, K. (2010). Using Order Statistics to Estimate Confidence Intervals for Quantile-based Risk Measures. Journal of Derivatives 17(3): 9-14.
  • Sorwar, G. & Dowd, K. (2010). Estimating Financial Risk Measures for Options. Journal of Banking & Finance 34(8): 1982-1992.
  • Dawson, P., Dowd, K., Cairns, A.J.G. & Blake, D. (2010). Survivor Derivatives: A Consistent Pricing Framework. Journal of Risk and Insurance 77(3): 579-596.
  • Cotter, J. & Dowd, K. (2010). Intra-Day Seasonality in Foreign Exchange Market Transactions. International Review of Economics and Finance 19(2): 287-294.
  • Woods, M., Humphrey, C.G., Dowd, K. & Liu, Y.L. (2009). Crunch Time for Bank Audits? Questions of Practice and the Scope for Dialogue. Managerial Auditing Journal 24(2): 114-134.
  • Dawson, P., Dowd, K., Cairns, A.J.G. & Blake, D. (2009). Options on Normal Underlyings with an Application to the Pricing of Survivor Swaptions. Journal of Futures Markets 29(8): 757-774.
  • Blake, B., Cairns, A.J.G. & Dowd, K. (2009). Designing a Defined Contribution Plan: What to Learn from Aircraft Designers. Financial Analysts Journal 65(1): 37-42.
  • Cairns, A.J.G., Blake, D., Dowd, K., Coughlan, G. D., Epstein, D., Ong, A. & Balevich, I. (2009). A Quantitative Comparison of Stochastic Mortality Models Using Data from England and Wales and the United States. North American Actuarial Journal 13(1): 1-35.
  • Dowd, K., Bartlett, D.L., Chaplin, M., Kelliher, P. & O'Brien, C. (2008). Risk Management in the UK Insurance Indusry: The Changing State of Practice. International Journal of Financial Services Management 3(1): 5-23.
  • Dowd, K. (2008). The Swedish Inflation Fan Charts: An Evaluation of the Riksbank's Inflation Density Forecasts. Journal of Risk Model Validation 2(1): 73-87.
  • Cairns, A.J.G., Blake, D. & Dowd, K. (2008). Modelling and Management of Mortality Risk: A Review. Scandinavian Actuarial Journal 2008(2-3): 79-113.
  • Dowd, K. (2008). It's Time to Abolish Risk-Based Regulation. Insurance Risk and Capital
  • Dowd, K. (2008). The GDP Fan Charts: An Empirical Evaluation. National Institute Economic Review 203(1): 59-67.
  • Dowd, K., Cotter, J., Humphrey, C.G. & Woods, M. (2008). How Unlucky is 25-Sigma? The Journal of Portfolio Management 34(4): 76-80.
  • Blake, D., Cairns, A.J.G. & Dowd, K. (2008). The Birth of the Life Market. Asia-Pacific Journal of Risk and Insurance 3(1): 6-36.
  • Dowd, K. (2008). Copulas in Macroeconomics. Journal of International and Global Economic Studies 1(1): 1-26.
  • Dowd, K., Cotter, J. & Sorwar, G. (2008). Spectral Risk Measures: Properties and Limitations. Journal of Financial Services Research 34(1): 61-75.
  • Blake, D., Dowd, K. & Cairns, A.J.G. (2008). Longevity Risk and the Grim Reaper's Toxic Tail: The Survivor Fan Charts. Insurance: Mathematics and Economics 42: 1062-1068.
  • Woods, M., Dowd, K. & Humphrey, C.G. (2008). The Value of Risk Reporting: A Critical Analysis of Value-at-Risk Disclosures in the Banking Sector. International Journal of Financial Services Management 3(1): 45-64.
  • Dowd, K. (2007). Backtesting the RPIX Inflation Fan Charts. Journal of Risk Model Validation 1(3): 1-19.
  • Byrne, A., Blake, D., Cairns, A.J.G. & Dowd, K. (2007). Default Funds in UK Defined Contribution Pension Plans. Insurance: Mathematics and Economics 63(4): 40-51.
  • Dowd, K. (2007). Validating Multiple-Period Density Forecasting Models. Journal of Forecasting 26(4): 251-270.
  • Blake, D., Cairns, A. & Dowd, K. (2007). The Impact of Occupation and Gender on Pensions from Defined Contribution Plans. The Geneva Papers on Risk and Insurance Issues and Practice 32(October): 458-482.
  • Cotter, J. & Dowd, K. (2007). The Tail Risks of FX Return Distributions: A Comparison of the Returns Associated with Limit Orders and Market Orders. Finance Research Letters 4(3): 146-154.
  • Blake, D., Cotter, J. & Dowd, K. (2007). Financial Risks and the Pension Protection Fund: Can it survive them? Pensions: An International Journal 12: 109-130.
  • Dowd, K (2007). Too Good to be True? The (In)credibility of the UK Inflation Fan Charts. Journal of Macroeconomics 29(1): 91-102.
  • Dowd, K. (2007). Temporal Dependence in Multi-Step Density Forecasting Models. Journal of Risk Model Validation 1(1): 1-20.
  • Dowd, K. (2006). Using Order Statistics to Estimate Confidence Intervals for Probabilistic Risk Measures. The Journal of Derivatives 14(2): 77-81.
  • Cotter, J. & Dowd, K. (2006). Extreme Spectral Risk Measures: An Application to Futures Clearinghouse Margin Requirements. Journal of Banking and Finance 30(12): 3469-3485.
  • Dowd, K. & Blake, D. (2006). After VaR: The Theory, Estimation and Insurance Applications of Quantile-based Risk Measures. Journal of Risk and Insurance 73(2): 193-228.
  • Dowd, K. (2006). Backtesting Risk Models within a Standard Normality Framework. Journal of Risk 9(2): 93-111.
  • Dowd, K. (2006). FOMC Macroeconomic Forecasts: A Non-Parametric Analysis. International Journal of Applied Economics and Finance 3(2): 1-8.
  • Dowd, K. (2005). Copulas and Coherence: Portfolio Analysis in a Non-Normal World. The Journal of Portfolio Management 32(1): 123-127.
  • Dowd,K. (2004). Rejoinder to Huang. Journal of Portfolio Management 30(3): 127.
  • Dowd, K., Blake, D. & Cairns, A.J.G. (2004). Long-term Value at Risk. The Journal of Risk Finance 5(2): 52-57.
  • Dowd, K. (2004). A Modified Berkowitz Back-test. Risk Magazine 17(4): 86.
  • Dowd, K (2002). Assessing the Pre-Commitment Approach to Bank Capital Regulation. Journal of Risk Finance 3(4): 35-40.
  • Dowd, K. (2002). A Bootstrap Back-test. Risk Magazine 15(10): 93-94.
  • Dowd, K. (2001). The Emergence of Fiat Money: A Reconsideration. Cato Journal 20(3): 467-476.
  • Cronin, D & Dowd, K (2001). Does Monetary Policy have a Future? Cato Journal 21(2): 227-244.
  • Dowd, K. (2001). Estimating the Failure Probabilities of Financial Institutions: A Simple Approach. The Journal of Risk Finance 2(4): 33-38.
  • Dowd, D. and & Harrison, B. (2000). The Gibson Paradox and the Gold Standard: Evidence from the United Kingdom, 1821-1913. Applied Economic Letters 7(11): 711-713.
  • Dowd, K (2000). Are Free Markets the Cause of Financial Instability? Critical Review 14(1,200): 57-67.
  • Dowd, K. (2000). Bank Capital Adequacy versus Deposit Insurance. Journal of Financial Services Research 17(1): 7-15.
  • Doed, K. (2000). Estimating Value-at-Risk: A Subjective Approach. The Journal of Risk Finance 1(4): 43-46.
  • Dowd,K. (2000). Adjusting for Risk: An Improved Sharpe Ratio. International Review of Economics & Finance 9(3): 209-222.
  • Dowd, K. (2000). Accounting for Value at Risk. The Journal of Risk Finance 2(1): 51-58.
  • Dowd, K. (2000). Using Futures Prices to Control Inflation: Reply to Garrison and White. Journal of Money, Credit and Banking 32(1): 142-145.
  • Dowd, K (1999). Too Big to Fail? Long-Term Capital Management and the Federal Reserve. Cato Institute Briefing Paper 52.
  • Dowd, K. (1999). Financial Risk Management. Financial Analysts Journal 55(4): 65-71.
  • Dowd, K. (1999). A VAR Approach to Risk-Return Analysis. The Journal of Portfolio Management 25(4): 60-67.
  • Dowd, K. (1999). An Almost Ideal Monetary Rule. Greek Economic Review 19(2): 53-62.
  • Dowd, K (1999). Does Asymmetric Information Justify Bank Capital Adequacy Regulation. Cato Journal 19(1): 39-41.
  • Dowd, K & Hinchliffe, J M (1999). A Free Retail Investment Market? Economic Affairs 19(2): 45-47.
  • Dowd, K. (1998). Free Banking More Relevant than Ever. The Financial Regulator 3(1): 41-43.
  • Dowd, K. (1998). Monetary Policy in the 21st Century: An Impossible Task. Cato Journal 17(3): 327-331.
  • Dowd, K. & Hinchliffe, J.M. (1998). Independence - No Way! The Financial Regulator 3(3): 51-53.
  • Dowd, K (1997). The regulation of bank capital adequacy. Advances in Austrian Economics 4: 95-110.
  • Chappell, D. & Dowd, K. (1997). A Simple Model of the Gold Standard. Journal of Money, Credit and Banking 29(1): 94-105.
  • Dowd, K (1996). The Case for Financial Laissez-Faire. Economic Journal 106(436): 679-687.
  • Dowd, K. (1996). The Analytics of Bimetallism. The Manchester School 64(3): 281-297.
  • Dowd, K. (1996). Should the Bank of England be Abolished? Review of Policy Issues 2(1): 3-14.
  • Dowd, K. (1996). Some Unpleasant Budgetary Arithmetic of a Proposal to End Inflation A Reply. Economic Journal 106(436): 635-636.
  • Dowd, K. (1995). The Mechanics of Indirect Convertibility. Journal of Money, Credit and Banking 27(1): 67-88.
  • Dowd, K. (1995). Deflating the Productivity Norm. Journal of Macroeconomics 17(4): 717-732.
  • Dowd, K. (1995). The Damage Inflation Does. Economic Review 13(2): 32-35.
  • Dowd, K. (1995). Central Bank Independence and Inflation: An Alternative View. Review of Policy Issues 1(3): 41-45.
  • Dowd, K. (1995). A Rule to Stabilize the Price Level. Cato Journal 15(1): 39-63.
  • Dowd, K. (1994). An Imperfect Union: the Maastsricht Treaty Could Not Deceive the Markets. Barron's 74.
  • Dowd, K (1994). The Political Economy of Central Banking. Critical Review 8(1): 49-60.
  • Baker, S. & Dowd, K. (1994). The New Zealand Monetary Policy Experiment: A Preliminary Assessment. World Economy 17(6): 855-867.
  • Dowd, K (1994). Competitive Banking Bankers' Clubs and Bank Regulation. Journal of Money, Credit and Banking 26(2): 289-308.
  • Dowd, K. (1994). The Costs of Inflation and Disinflation. Cato Journal 14(2): 305-331.
  • Dowd, K. (1993). Free Banking. Associate! 4-6.
  • Dowd, K. & Sampson, A.A. (1993). A New Model of the Gold Standard. Canadian Journal of Economics / Revue Canadienne d'conomique 26(2): 380-391.
  • Dowd, K. & Greenaway, D. (1993). A Single Currency for Europe? Greek Economic Review 15(1): 227-244.
  • Dowd, K. & Greenaway, D. (1993). Currency Competition, Network Externalities and Switching Costs: Towards an Alternative View of Optimal Currency Areas. Economic Journal 103(420): 1180-1189.
  • Dowd, K. (1993). A Reply to Schnadt and Whittaker. Southern Economic Journal 60(2): 501-504.
  • Dowd, K. (1993). Eruopean Monetary Reform: The Pitfalls of Central Planning. Cato Institute Foreign Policy Briefing (28): 12.
  • (1993). Deposit Insurance: A Skeptical View. Federal Reserve Bank of St Louis, Review 75(1): 14-17.
  • Dowd, K (1993). Re-examining the Case for Government Deposit Insurance. Southern Economic Journal 59(3): 363-370.
  • Dowd, K. & Sampson, A.A. (1993). The Gold Standard, Gibson's Paradox and the Gold Stock. Journal of Macroeconomics 15(4): 653-659.
  • Dowd, K (1993). Money and the Market: What Role for Government? Cato Journal 12(3): 29-45.
  • Dowd, K (1992). Is Banking a Natural Monopoly? Kyklos 45(3): 379-392.
  • Dowd, K (1992). Models of Banking Instability: A Partial Review of the Literature. Journal of Economic Surveys 6(2): 107-132.
  • Dowd, K (1992). The Monetary Economics of Henry Meulen. Journal of Money, Credit, and Banking 24: 173-183.
  • Dowd, K. (1992). Consumer Demand, "Full Income", and Real Wages. Empirical Economics 17(3): 333-345.
  • Dowd, K. (1992). The Demand for Non-Durable Goods and Endogenous Labour Supply. Applied Economics 24: 1199-1202.
  • Dowd, K. (1991). A Note on the Demand for Non-Durable Goods. Journal of Macroeconomics 13(3): 543-551.
  • Dowd, K. (1991). Evaluating the Hard Ecu. The World Economy 14(2): 215-225.
  • Dowd, K. (1991). Which Way for Euro-Money Reform? Economic Affairs 11(5): 29-31.
  • Dowd, K (1991). Option Clauses and Banknote Suspension. Cato Journal 10(3): 761-773.
  • Dowd, K (1991). Sechrest on Scottish Free Banking. Cato Journal 10(3): 821-824.
  • Dowd, K. (1991). Financial Instability in a "Directly Convertible" Gold Standard. Southern Economic Journal 57: 719-726.
  • Dowd, K (1990). Does Europe Need a Federal Reserve System? Cato Journal 10(2): 423-448.
  • Dowd, K. (1990). The Case for Free Banking. Economic Affairs 10(6): 15-17.
  • Dowd, K. (1990). The Value of Time Hypothesis and the Demand for Money: Some Evidence for the UK. Applied Economics 22(5): 599-603.
  • Dowd, K. (1990). The Value of Time and the Transactions Demand for Money. Journal of Money, Credit, and Banking 22(5): 599-603.
  • Dowd, K (1990). Did Central Banks Evolve Naturally? A Review Essay of Charles Goodhart's The Evolution of Central Banks. Scottish Journal of Political Economy 37(1): 96-104.
  • Dowd, K. (1990). A European Central Bank? The Durell Journal of Money and Banking 2(3): 22-31.
  • Dowd, K. (1990). Ending Australia's Inflation Th Need for Radical Monetary Reform. Policy Spring 1990: 15-17.
  • Chappell, D. and & Dowd, K. (1989). A Simple Model of Macroeconomic Policy. Economic Modelling 6(4): 447-451.
  • Kaufman, G.G. (Ed) & Dowd, K. (1989). Some Lessons from the Recent Canadian Bank Failures. Research in Financial Services: Private and Public Policy 1: 113-128.
  • Dowd, K. (1989). How to End European Inflation: A Proposal to Deal with the Controversy Surrounding British Membership of the Exchange Rate Mechanism of the EMS. Bruges Group Study Paper (4).
  • Chrystal, K.A. and & Dowd, K. (1989). Disaggregate Supply: Evidence for the UK. Applied Economics 21(10): 1397-1409.
  • Dowd, K (1989). The Case Against a European Central Bank. World Economy 12(3): 361-372.
  • Dowd, K. (1988). Option Clauses and the Stability of a Laisser Faire Monetary System. Journal of Financial Services Research 1(4): 319-333.
  • Dowd, K (1988). Automatic Stabilizing Mechanisms Under Free Banking. Cato Journal 7(3): 643-659.
  • Chrystal, K.A. and & Dowd, K. (1987). Would a Higher Fiscal Deficit Stimulate the Economy? Fiscal Studies 8(1): 17-23.

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).
  • Blake, D., Cairns, A. & Dowd, K. (2008). One day Pensions Will Be Properly Planned. Financial Times (19 May).
  • 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).
  • 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). Killing the Cash Cow: Why Andy Haldane is Wrong about Demonetisation. Adam Smith Institute Briefing Paper.
  • Dowd, K. (2017). No Stress III: The Flaws in the Bank of England's 2016 Stress Tests. London, Adam Smith Institute.
  • 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.