DOCSLIB.ORG

Bank of England Quarterly Bulletin 2015 Q1

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Bank of England Quarterly Bulletin 2015 Q1 Quarterly Bulletin 2015 Q1 | Volume 55 No. 1 Quarterly Bulletin 2015 Q1 | Volume 55 No. 1 Contents Topical articles Investment banking: linkages to the real economy and the financial system 4 Box Regulatory changes and investment banks 16 Desperate adventurers and men of straw: the failure of City of Glasgow Bank and its enduring impact on the UK banking system 23 Box Amalgamation in the British banking system 32 Capital in the 21st century 36 Box Putting capital in the 21st century in context — Thomas Piketty 39 Box Where has modern equality come from? Lucky and smart paths in economic history — Peter Lindert 40 Box Human capital and inequality in the United Kingdom — Orazio Attanasio and Richard Blundell 41 Box The metamorphosis of wealth in the 21st century — Jaume Ventura 42 Box State capacities and inequality — Timothy Besley 43 The Agencies and ‘One Bank’ 47 Box Recent changes to the Bank of England and the creation of ‘One Bank’ 48 Box Agents’ national scores 51 Self-employment: what can we learn from recent developments? 56 Flora and fauna at the Bank of England 67 Recent economic and financial developments Markets and operations 76 Box Recent moves in the price of oil 78 Report Big data and central banks 86 Summaries of working papers Summaries of recent Bank of England working papers 96 – Evaluating the robustness of UK term structure decompositions using linear regression methods 96 – Long-term unemployment and convexity in the Phillips curve 97 – A forecast evaluation of expected equity return measures 98 – Do contractionary monetary policy shocks expand shadow banking? 99 – Global liquidity, house prices and the macroeconomy: evidence from advanced and emerging economies 100 – Interactions among high-frequency traders 101 – On a tight leash: does bank organisational structure matter for macroprudential spillovers? 102 – Filtered historical simulation Value-at-Risk models and their competitors 103 – A joint affine model of commodity futures and US Treasury yields 104 Appendices Contents of recent Quarterly Bulletins 106 Bank of England publications 108 The contents page, with links to the articles in PDF, is available at www.bankofengland.co.uk/publications/Pages/quarterlybulletin/default.aspx Author of articles can be contacted at [email protected] Except where otherwise stated, the source of the data used in charts and tables is the Bank of England or the Office for National Statistics (ONS). All data, apart from financial markets data, are seasonally adjusted. Research work published by the Bank is intended to contribute to debate, and does not necessarily reflect the views of the Bank or members of the MPC, FPC or the PRA Board. Quarterly Bulletin Topical articles 3 Topical articles 4 Quarterly Bulletin 2015 Q1 Investment banking: linkages to the real economy and the financial system By Kushal Balluck of the Bank’s Banking and Insurance Analysis Division.(1) • Investment banks play a key role in capital markets and contribute to the efficient functioning of financial markets. As demonstrated in the recent financial crisis, however, investment banks can create and propagate risks in the financial system given their scale, as well as the interconnected and complex nature of their activities. • Recognising investment banks’ systemic importance, a number of international regulatory initiatives have come into force since the onset of the recent financial crisis. Overview The main activities of retail or ‘high street’ banks, such as for themselves (rather than on behalf of clients), may not accepting savers’ deposits, making loans and providing provide such a clear benefit to market functioning. payment services, are well known. In contrast, the functions of investment banks are typically less well understood. This Investment banks also bring risks to the financial system. article describes what investment banks do and highlights With the trading assets of the ten largest banks summing to (2) some of the risks that they can pose. Along the way, it more than £5 trillion, the sheer scale of these banks’ attempts to explain some of the terminology frequently used operations means that liquidity conditions in financial in relation to investment banking — from ‘SPVs’ and ‘CDOs’ markets can be vulnerable to the failure of a single firm. In to ‘bid-offer spreads’ and ‘dark pools’. addition, the web of interconnections between investment banks and other financial institutions can act as a channel for Investment banks help organisations such as companies and the transmission of losses throughout the system, while the government agencies to raise finance through capital complexity of some of their activities also contributes markets. When a company wishes to borrow money by significantly to risks in the global financial system. issuing a bond, for instance, investment banks can help match the company with investors. Investment banks also Many of these risks crystallised during the recent global underwrite the issuance of shares or bonds — that is, they financial crisis when some of the largest global investment guarantee to provide finance at a pre-determined price when banks were taken over, bailed out using public funds or the shares or bonds are issued. declared bankrupt after facing distress. And they remain relevant to financial stability in the United Kingdom, with Investment banks trade in a wide range of financial all of the largest global investment banks having operations instruments — including shares, government and corporate in London. bonds, foreign exchange and commodities such as oil or A number of regulatory initiatives globally have been precious metals, and related derivative instruments. For the implemented since the onset of the global financial crisis to most part, they carry out trades on behalf of their clients. correct the fault lines that contributed to it and to build a Trading in financial instruments (via an investment bank) can safer, more resilient financial system to serve the real help companies to manage their risks. Other clients for economy. The Bank of England has a key role to play in these trading services include retail banks, insurance working with other regulatory bodies globally to fully companies, and financial institutions that manage savers’ implement these measures and ensure that investment funds, such as pension funds and hedge funds. These trading banking activities are conducted in a way that is safe and services can contribute to the efficient functioning of sound. financial markets, thereby serving the needs of end-investors in the real economy. That said, some trading activities, such Click here for a short video that discusses some of the key as the ‘proprietary trading’ that investment banks carry out topics from this article. (1) The author would like to thank Theodore Agbandje-Reid, Andrew Feeney-Seale and Jean-Michel Mazenod for their help in producing this article. (2) Based on the data shown on Table A on page 5. Topical articles Investment banking 5 Most people are familiar with the main functions of retail Table A Banking groups with largest global investment bank banks — sometimes referred to as ‘high street banks’. These activities at December 2013(a) include providing deposits and payment services, as well as making loans. In contrast, investment banks help companies, Banking group Trading assets, £ billions other financial institutions and other organisations (such as JPMorgan 895 government agencies) to raise finance by selling shares or Goldman Sachs 683 bonds to investors and to hedge against risks. Unlike retail Bank of America Merrill Lynch 665 banks, they do not directly serve households.(1) In addition, Citigroup 625 investment banks trade in shares, bonds and other assets with Deutsche Bank 595 other financial market participants, such as insurance Morgan Stanley 564 companies, pension funds and hedge funds. Credit Suisse 511 Barclays 481 All of the large global investment banks have a presence in BNP Paribas 386 London. These banks therefore contribute to UK economic Société Générale 369 activity, and help support the efficient functioning of the HSBC 351 financial system. But investment banks also bring risks to the Royal Bank of Scotland 347 United Kingdom’s financial system. During the recent crisis, UBS 256 Crédit Agricole 163 investment banks were criticised for their excessive risk-taking Mitsubishi UFJ 144 and their role in the creation and systematic mispricing of complex securities. Their activities generated risks which Sources: SNL Financial, published accounts and Bank calculations. contributed to financial instability globally and in the (a) Measured by trading assets. Trading assets are securities, commodities and derivatives held for trading. Derivatives have been adjusted for differences in accounting treatment. Reverse repos have been excluded. United Kingdom. To help manage these risks, investment banks are subject to the FCA and the PRA, and together dominate the provision of regulation. In the United Kingdom, legal entities that have investment banking services here. They are also eligible for permissions to deal in investments are referred to as access to the Bank of England’s liquidity facilities through the ‘investment firms’. Some investment firms are subject to Sterling Monetary Framework. The Financial Stability Board prudential regulation by the Bank of England’s Prudential (FSB) designated all of them as global systemically important Regulation Authority (PRA) by virtue of their importance to banks (G-SIBs).(5) Their status as G-SIBs subjects these the stability of the UK financial system.(2) But investment banking groups to higher prudential standards. They are banking operations are not exclusively carried out by required, for example, to have greater amounts of capital (that investment firms and some entities that carry out investment is, an additional capital buffer) to reduce the likelihood of their banking activities are also PRA-regulated due to their retail failure and protect the global financial system. banking activities. Investment banking activities in the United Kingdom can also be carried out by UK branches of The first section of this article provides a summary of the foreign banks.
Load more

Recommended publications
  • Virginia Woolf's Portraits of Russian Writers
    Virginia Woolf’s Portraits of Russian Writers Virginia Woolf’s Portraits of Russian Writers: Creating the Literary Other By Darya Protopopova Virginia Woolf’s Portraits of Russian Writers: Creating the Literary Other By Darya Protopopova This book first published 2019 Cambridge Scholars Publishing Lady Stephenson Library, Newcastle upon Tyne, NE6 2PA, UK British Library Cataloguing in Publication Data A catalogue record for this book is available from the British Library Copyright © 2019 by Darya Protopopova All rights for this book reserved. No part of this book may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the copyright owner. ISBN (10): 1-5275-2753-0 ISBN (13): 978-1-5275-2753-9 TABLE OF CONTENTS Note on the Text ........................................................................................ vi Preface ...................................................................................................... vii Introduction ................................................................................................ 1 Russia and the British Search for the Cultural ‘Other’ Chapter One .............................................................................................. 32 Woolf’s Real and Fictional Russians Chapter Two ............................................................................................. 58 Woolf and Dostoevsky: Verbalising the Soul Chapter Three ........................................................................................
    [Show full text]
  • Copyright Statement
    COPYRIGHT STATEMENT This copy of the thesis has been supplied on condition that anyone who consults it is understood to recognise that its copyright rests with its author and no quotation from the thesis and no information derived from it may be published without the author’s prior consent. i ii REX WHISTLER (1905 – 1944): PATRONAGE AND ARTISTIC IDENTITY by NIKKI FRATER A thesis submitted to the University of Plymouth in partial fulfilment for the degree of DOCTOR OF PHILOSOPHY School of Humanities & Performing Arts Faculty of Arts and Humanities September 2014 iii Nikki Frater REX WHISTLER (1905-1944): PATRONAGE AND ARTISTIC IDENTITY Abstract This thesis explores the life and work of Rex Whistler, from his first commissions whilst at the Slade up until the time he enlisted for active service in World War Two. His death in that conflict meant that this was a career that lasted barely twenty years; however it comprised a large range of creative endeavours. Although all these facets of Whistler’s career are touched upon, the main focus is on his work in murals and the fields of advertising and commercial design. The thesis goes beyond the remit of a purely biographical stance and places Whistler’s career in context by looking at the contemporary art world in which he worked, and the private, commercial and public commissions he secured. In doing so, it aims to provide a more comprehensive account of Whistler’s achievement than has been afforded in any of the existing literature or biographies. This deeper examination of the artist’s practice has been made possible by considerable amounts of new factual information derived from the Whistler Archive and other archival sources.
    [Show full text]
  • Purchase by an English Company of Its Own Shares Irving J
    PURCHASE BY AN ENGLISH COMPANY OF ITS OWN SHARES IRVING J. LEVY Deploring the logic and the policy of the law prevailing in most American states, Professor Garrard Glenn ventures that: .. .it may not be too much to hope that the doctrine relating to treasury stock is in for a revision . (and that) possibly someone may deem it worth while to look at the admirable model which has been provided in the place where once sprung the common law, and where legislation of good sort is to be found, modem as well as ancient." I It is therefore proposed that before studying the "patholog- ical" specimens of law relating to treasury stock in this country, an examination be made of the "admirable model" presented by the law of England. In considering the problems arising out of the purchase by a company of its own shares, it will perhaps not be unprofitable to review briefly the historical development of the relevant English law. I There will be no problems arising out of the purchase by a company of its own shares or a reduction in its capital stock until the concept of capital as a permanent fund to be kept intact devel- ops. No such notion arose in England until the seventeenth cen- tury, at least.2 The early issues of shares in the East India Com- pany were temporary and terminable at the end of each particular business venture. 3 "Shares" were regarded as parts of the enter- prise. In cases of temporary issues, as parts of the particular 'Glenn, Treasury Stock (1929) I5 VA.
    [Show full text]
  • Inside the Bank of England Opens in a New Window
    Inside the Bank of England Inside the Bank of England 1 The Bank’s mission The Bank of England is the central bank of the United Kingdom. Sometimes known as ‘the Old Lady of Threadneedle Street’, the Bank was founded in 1694 during a period of economic turbulence, in order to ‘promote the publick good and benefitt of our people’ by acting as the Government’s banker and debt manager. The Bank Charter Although the Bank’s role and responsibilities The Bank Charter was sealed on 27 July 1694, have evolved and expanded since its foundation, and the Bank opened for business shortly after. its mission today remains true to its original purpose: to promote the good of the people of the William III By Henry Cheere United Kingdom by maintaining monetary and William III was the monarch at the time of the financial stability. Bank’s founding in 1694. This statue was In 2013, a new legal framework governing the commissioned by the Bank and unveiled in its new Bank of England conferred greater statutory premises in Threadneedle Street on 1 January 1735. duties on the Bank than at any time in its history. Originally established as a privately owned The Bank needs to be understood, credible and institution, the Bank was nationalised on trusted so that its policies are effective. The Bank 1 March 1946, but retained its broad – but is therefore committed to being transparent, largely informal – public service mission. independent and accountable to stakeholders. 2 Bank of England The Bank today The Bank’s mission to maintain monetary and financial stability is overseen, in the first instance, by the Bank’s Governors.
    [Show full text]
  • Review of the Year 2010–2011
    TH E April – March NATIONAL GALLEY TH E NATIONAL GALLEY April – March Contents Introduction 5 Director’s Foreword 6 Acquisition 8 Loans 10 Conservation 16 Framing 20 Exhibitions and Display 26 Education 42 Scientifi c Research 46 Research and Publications 50 Private Support of the Gallery 54 Financial Information 58 National Gallery Company Ltd 60 Trustees and Committees of the National Gallery Board 62 Figurative Architectural Decoration inside and outside the National Gallery 63 For a full list of loans, staff publications and external commitments between April 2010 and March 2011, see www.nationalgallery.org.uk/about-us/organisation/ annual-review – The Trustees and Director of the National Gallery da Vinci), increased corporate membership and have spent much of the year just past in making sponsorship, income from donations or otherwise. plans to enable us to deal with the implications of The Government has made it clear that it cuts to our income Grant in Aid, the government wishes to encourage cultural institutions such as funding on which we, to a large extent, depend the National Gallery to place greater reliance on to provide our services to the public. private philanthropic support, and has this year At an early stage in the fi nancial year our income taken some fi rst steps to encourage such support, Grant in Aid was cut by %; and in the autumn we through relatively modest fi scal changes and other were told that we would, in the period to March initiatives. We hope that further incentives to , be faced with further cumulative cuts to our giving will follow, and we continue to ask for the income amounting to % in real terms.
    [Show full text]
  • Diaghilev and London
    Diaghilev and London, A Talk by Graham Bennett, Crouch End and District U3A member We are not exactly the best of friends with Russia these days - But just over a century ago, Russia exported something that actually transformed the cultural life of London. This talk is about a quite extraordinary Russian Impresario and two equally extraordinary women who were part of his project The project was a Russian Dance Company that created a revolution in the world of dance, and London was to play a big part in its success. This company is the Ballet Russes. The impresario is Serge Diaghilev, born in 1872 in Perm in deepest Russia, who would create the Ballet Russes. Lydia Lopokova from St Petersburg, born in 1892, one of Diaghilev's star ballerinas. And last but not least, our very own Hilda Munnings from Wanstead in East London, born in 1896. Also to become a vitally important member of the company The story starts in St Petersburg in 1901, the heart of the Russian Empire, at the famous Mariinsky Theatre. Their choreographer Marius Petipa and composer Tchaikovsky had already created masterpieces such as The Sleeping Beauty, The Nutcracker and Swan Lake. These are such familiar names to us today but they were virtually unknown outside Russia at that time. Over in England we were still having a jolly knees up and sing-along at the Music Hall and even in France, ballet had degenerated to a pale shadow of its former glory. In 1901, Lydia Lopokova, just 9 years old, auditioned for a place at the prestigious Imperial Theatre School in St Petersburg.
    [Show full text]
  • View Our Entertaining Brochure [PDF 6.6MB]
    YOUR EVENT AT THE NATIONAL GALLERY Phone: +44 20 7747 5931 · Email: [email protected] · Twitter: @NG_EventsLondon · Instagram: @ngevents We are one of the most visited galleries in the world. Located on Trafalgar Square, we have stunning views of Nelson’s Column, Westminster and beyond. Surround your guests with some of the world’s greatest paintings by artists such as Leonardo, Monet and Van Gogh. Our central location, magnificent architecture and spectacular spaces never fail to impress. 2 The Portico The Mosaic Central Hall Room 30 The Barry Annenberg Gallery A The Yves Saint The Wohl Room The National Café The National Terrace Rooms Court Laurent Room Dining Room East Wing East Wing East Wing East Wing East Wing East Wing North Wing North Wing West Wing East Wing Sainsbury Wing Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 14 Page 15 3 THE PORTICO With unrivalled views overlooking Trafalgar Square, the Portico Terrace is our most impressive outdoor event space. Breakfast 100 · Reception 100 · Reception including foyer 250 · Dinner 60 Level 2 DID YOU KNOW … The relief above the Portico entrance shows two young women symbolising Europe and Asia. This relief was originally intended for John Nash’s Marble Arch. 4 · East Wing THE MOSAIC TERRACE Step inside the Gallery onto our historic mosaic floor, beautifully lit by a domed glass ceiling. This unique artwork by Boris Anrep combines an ancient technique with contemporary personalities of 1930’s Britain such as Greta Garbo and Virginia Woolf.
    [Show full text]
  • VA Russian Decorative Arts 20 January 2017
    Russian Decorative Arts Dr Jane Williams on the Mosaics of Boris Anrep and Dr Olenka Pevny on the Byzantine Revival in Russian Art Friday 20 January 2017, 14:00-18:00 V&A, Seminar Room A Chair: Dr Heike Zech, V&A Senior Curator, Rosalinde and Arthur Gilbert Collection The V&A’s rich and diverse collection of Russian and Soviet art includes several works and archives of the émigré mosaic artist, Boris Anrep (1883-1969). Anrep moved to Britain in the second decade of the twentieth century and became an active, highly acclaimed member of the London cultural scene. His artistic interests lay in the revival of Byzantine art, a subject which was central to the modern movement in Russian art and also attracted interest among artistic modernisers in Britain, notably Roger Fry and the Bloomsbury Group. Anrep worked singlehandedly to revive the mosaic tradition by creating schemes for both religious and secular settings, and his works can be found in public and private spaces in London and around Britain. The most important Anrep work held by the V&A is a large wall mosaic commissioned by Augustus John for his home in Mallord Street; in need of conservation, it is too fragile for display, but will be discussed in the seminar. The speakers will discuss Anrep’s art, and explain the broader context of the Byzantine revival. There will then be an opportunity to view several Anrep designs and related objects in the V&A collection. Glass mosaic trade Boris Anrep, Preliminary sample made by the sketch for the Vitreous Mosaic allegorical portrait of Company, London, Earl Jowitt entitled owned by Jesse Rust ‘Open Mind’, 1952 (V&A (V&A A.2-2010) E.678-1970) Programme 14:00 Welcome – Dr Tessa Murdoch / Dr Louise Hardiman Introduction and Chair – Dr Heike Zech 14:10 Dr Jane Williams – The London Mosaics of Boris Anrep Jane Williams will examine three of Boris Anrep’s mosaic schemes for private residences in London, to exemplify the range and personalised nature of these commissions.
    [Show full text]
  • The Museum and Historical Collections of the Bank of England Transcript
    The Museum and Historical Collections of the Bank of England Transcript Date: Tuesday, 25 March 2014 - 1:00PM Location: Barnard's Inn Hall The History and collections of the Bank of England Jennifer Adam Curator, Bank of England Museum Lecture outline This lecture will give an overview of the history of the Bank of England, founded in 1694, and of the collections presented and cared for by the Bank of England Museum. We are open to the public on week-days year-round, but also have a number of weekend and evening opening events this year: for further details of our events please see our website, www.bankofengland.co.uk/museum. Foundation of the Bank of England, 1694 Weak public finances led to the proposal for the Bank of England by William Paterson, City merchant. Royal Charter signed on 27th July 1694, incorporating the subscribers as the Governor and Company of the Bank of England. The money raised (£1.2m) lent to the Government, and the Bank took on the role of managing the Government’s accounts. The Threadneedle Street Buildings In rented premises for the first 40 years, first in Mercer’s Chapel, then the Grocer’s Hall from December 1694. The first Threadneedle Street building designed by the little-known George Sampson, and built on the site of the house of the first Governor of the Bank, Sir John Houblon. Completed in 1734. Sir Robert Taylor later commissioned to extend the Bank. East Wing (including Rotunda) completed in 1765, West Wing not completed until 1788. Some interiors of Taylor’s buildings survive to this day.
    [Show full text]
  • Date Year Name Name Changes/Notes Date Sealed Ref
    Date Year Name Name Changes/Notes Date Sealed Ref. 1231 University of Cambridge 1248 University of Oxford 1272 Saddlers Company 28-May 1284 Peterhouse, Cambridge 10-Mar 1326 Merchant Taylors Company 01-Mar 1327 Skinners Company 06-Mar 1327 Mayor and Commonalty and Citizens of the City of London 1327 Goldsmiths Company 06-Aug 1348 Dean and Canons of Windsor 1348 Gonville and Caius College, Cambridge 30-Jun 1379 New College, Oxford 1382 Winchester College 13-Jan 1393 Mercers Company 04-Dec 1416 Cutlers Company 16-Feb 1428 Grocers Company 22-Feb 1437 Brewers Company 23-Aug 1437 Vintners Company 26-Apr 1439 Cordwainers Company 1444 Leathersellers Company 1448 Queen's College of St Margaret and St Bernard, Cambridge Commonly known as 513 C993 08-May 1453 Armourers Company 17.06.1708 Company of C996 13-Oct 1457 Magdalen College, Oxford 08-Mar 1462 Tallow Chandlers Company 1462 Barbers Company 20-Mar 1463 Ironmongers Company 16-Feb 1471 Dyers Company 20-Jan 1473 Pewterers Company Commonly known as C495(2) 1474 Corporation of Blacksmith's of Dublin 16-Aug 1475 St. Catharine's College, Cambridge 07-Jul 1477 Carpenters Company 16-Feb 1484 The Wax Chandlers Company "Master, Wardens and C651 Commonalty of the Art or Mistery of Wax Chandlers" commonly known as "Worshipful Company of Wax Chandlers" 1496 Jesus College, Cambridge Date Year Name Name Changes/Notes Date Sealed Ref. 10-Mar 1501 Plaisterers Company 29-Apr 1501 Coopers Company 23-Feb 1504 Poulters Company 22-Jul 1509 Bakers Company 15-Jan 1512 Brasenose College, Oxford 1517 Corpus Christi
    [Show full text]
  • In Dialogue with English Modernism: Storm Jameson's Early
    IN DIALOGUE WITH ENGLISH MODERNISM: STORM JAMESON’S EARLY FORMATION AS A WRITER, 1919-1931 Deborah Frances Gerrard De Montfort University January 2010 Thesis submitted in partial fulfilment of the requirements for the degree of Doctor of Philosophy For Prue and Julia Abstract After a period during which Storm Jameson’s restricted literary identity has been that of the politically engaged woman writer, critical interest in the intellectual and stylistic complexities of her work is now reviving. Yet Jameson’s background in early English modernism and the manner in which it enriches her writing continues to pass unnoticed. This thesis uncovers new evidence of Jameson’s immersion in the early English modernisms of Alfred Orage’s Leeds Arts Club and New Age journal and of Dora Marsden’s journals, the New Freewoman and the Egoist, as an avant-garde student before the Great War. Drawing analogies with the post-colonial notions of ‘Manichean delirium’ and of ‘writing back to the centre’, this thesis argues that, subsequently – as a provincial socialist woman writer struggling to make her way at the predominantly male and elitist cultural centre – Jameson developed a vexed outsider-insider relation to English modernism which she expressed during the 1920s in a series of intertextual novels critiquing the contemporary cultural scene. It examines each of these novels chronologically, beginning with Jameson’s critique of the early modernisms of Orage, Marsden and associated writers in her first two novels, before moving on to her engagement, in turn, with the work of D. H. Lawrence, Virginia Woolf and Wyndham Lewis. Employing a socially oriented model of intertextuality, this thesis reads each novel synchronically as a sceptical and often witty probing of some of the polarised, and frequently contradictory, positions taken within the modernist debate.
    [Show full text]
  • International Virginia Woolf Society Bibliography of Woolf Studies Published in 2005 (With Addenda for Previous Years). Compiled
    International Virginia Woolf Society Bibliography of Woolf Studies Published in 2005 (with addenda for previous years). Compiled by Mark Hussey Please send additions and corrections to Celia Marshik, Historian/Bibliographer: [email protected] BOOKS (including those with significant reference to Woolf) Alter, Robert. Imagined Cities: Urban Experience and the Language of the Novel. New Haven: Yale UP, 2005. [see chapter 6 “Woolf: Urban Pastoral”] Bivar, Antonio. Bivar na Corte de Bloomsbury. Sao Paulo: A Girafa Editoria, 2005. Briggs, Julia. Virginia Woolf: An Inner Life. Orlando: Harcourt, 2005 Caine, Barbara. From Bombay to Bloomsbury: A Biography of the Strachey Family. NY: Oxford UP, 2005. Castle, Terry. The Literature of Lesbianism: A Historical Anthology from Ariosto to Stonewall. NY: Columbia UP, 2005. Curtis, Vanessa. The Hidden Houses of Virginia Woolf and Vanessa Bell. London: Robert Hale, 2005. Dalrymple, Theodore. Our Culture, What’s Left of It: The Mandarins and the Masses. Chicago: Ivan R. Dee, 2005. Froula, Christine. Virginia Woolf and the Bloomsbury Avant-Garde: War, Civilization, Modernity. NY: Columbia UP, 2005. Gruber, Ruth. Virginia Woolf: The Will to Create as a Woman. NY: Carroll & Graf, 2005. Hall, Sarah M. Before Leonard: Virginia Woolf’s Unsuitable Suitors. London: Peter Owen 2005. Humm, Maggie. Snapshots of Bloomsbury: The Private Lives of Virginia Woolf and Vanessa Bell. New Brunswick: Rutgers UP, 2005. Kostkowska, Justyna. Virginia Woolf's Experiment in Genre and Politics 1926-1931: Visioning and Versioning The Waves. Lewiston: Edwin Mellen, 2005. Kottler, Jeffrey. Divine Madness: Ten Stories of Creative Struggle. San Francisco: Jossey-Bass, 2005. Kukil, Karen V., ed. Woolf in the Real World: Selected Papers from the Thirteenth International Conference on Virginia Woolf.
    [Show full text]