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Professor Philip Davis

Professor Philip Davis

Marie Jahoda 240

Research area(s)

  • Financial stability, banking and macroprudential policy
  • Pension funds/economic impact of population ageing
  • Policy related applied macroeconomic research and analysis

Research Interests

Financial instability (see “Debt, financial fragility and systemic risk”, OUP, 1992/5); Pension funds/retirement income provision (see “Pension Funds, Retirement Income Security and Capital Markets”, OUP, 1995); Economics of financial institutions (particularly banks and institutional investors) (see “Institutional Investors”, MIT Press and “Financial Structure”, CUP 2000); International Financial Markets; Financial regulation; Application of industrial economics to financial markets; Monetary aspects of securities markets and asset prices; Economics of financial centres; Portfolio modelling; Consumption; EMU, Sectoral Balance Sheets/Flow of Funds; theology and economics.

Research grants and projects

Project details

Recently completed research projects:

Armstrong A and Davis E P (2016), “Financial regulation, are we reaching an efficient outcome?” National Institute Economic Review, February 2016; vol. 235. pp- R1-R3

Armstrong A, Davis E P and Ebell M (2015), “An economic analysis of the existing taxation of pensions (EET) versus an alternative regime (TEE)“ Association of British Insurers

Davis E P and Sanchez-Martinez M (2015), “A survey of the economic theories of poverty”, Joseph Rowntree Trust

Davis E P (2014), “The Future of Housing Finance”, National Institute Economic Review, November 2014; vol. 230, 1: pp. R1-R2.

Davis E P (2014),“Evolving Roles for Pension Regulations: Toward Better Risk Control”, in “Recreating Sustainable Retirement: Resilience, Solvency, and Tail Risk”, Eds Raimond Maurer, Olivia S. Mitchell, and P. Brett Hammond, OUP

Armstrong A and Davis E P (2014), “Comparing housing booms and mortgage supply in the major OECD countries” National Institute Economic Review, November, R3-R15

Davis E P and Karim D (2014), “Competitive disadvantage”, The Treasurer, March, 54-55

Barrell, R., Davis, P., Karim, D., Liadze, I., (2013), “Off-balance sheet exposures and banking crises in OECD countries” Journal of Financial Stability, 9, 673-681

Armstrong A, Davis E P, Liadze I and Rienzo, C (2013) "An Assessment of Bank Lending to UK SMEs in the wake of the crisis," National Institute Economic Review, 225(1), R39-R51, August.

Davis E P, De Haan L (2012), "Pension fund finance and sponsoring companies” Journal of Pension Economics and Finance, 11, 439-463

Davis E P, Karim D and Liadze I (2011), "Should multivariate early warning systems for banking crises pool across countries?” Review of World Economics, 147, 693-716

Davis E P (2011), “New International Evidence on Asset-Price Effects on Investment, and a Survey for Consumption”, OECD Economic Studies, 8, 1-50

Davis E P and Zhu H (2011), “Bank lending and commercial property cycles: Some cross-country evidence”, Journal of International Money and Finance, 30, 1-21

Barrell, R., Davis, P., Karim, D., Liadze, I., (2010). “Bank regulation, property prices and early warning systems for banking crises in OECD countries”. Journal of Banking and Finance, 34, 2255-2264

Al-Eyd A, Barrell R and Davis E P, (2009) "Consumer Confidence Indices And Short-Term Forecasting Of Consumption," Manchester School, 77, 96-111

Davis, E. P and Hu, Y, (2009) “Should Pension Investing be Regulated?”, Rotman International Journal of Pension Management, Vol. 2, No. 1

Davis E P and Zhu H (2009), “Commercial property prices and bank performance”, Quarterly Review of Economics and Finance 49, 1341–1359

Davis E P and Karim D (2008), “Comparing early warning systems for banking crises”, Journal of Financial Stability, 4, 89-120