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Publications Professor Richard A. Werner, D.Phil. (Oxon) 1. Journal Publications Professor Richard A. Werner, D.Phil. (Oxon) 1. Journal Papers - Academic Journals Harold Vogel and Richard A. Werner (2015), An analytical review of volatility metrics for bubbles and crashes International Review of Financial Analysis, 37, forthcoming Richard A. Werner (2014). How do banks create money, and why can other firms not do the same? An explanation for the coexistence of lending and deposit-taking, International Review of Financial Analysis, 36, 71-77 Richard A. Werner (2014). Enhanced debt management: Solving the eurozone crisis by linking debt management with fiscal and monetary policy, Journal of International Money and Finance, 49, 443-469 Richard A. Werner (2014). Can Banks Individually Create Money Out of Nothing? – The Theories and the Empirical Evidence, International Review of Financial Analysis, 36, 1-19 Richard A. Werner (2013). Commentary: Crises, the spatial distribution of economic activity and the geography of banking, Environment and Planning A, volume 45, pages 2789 – 2796, (December) Richard A. Werner (2013). Towards a More Stable and Sustainable Financial Architecture – A Discussion and Application of the Quantity Theory of Credit. Kredit und Kapital, 46 (3), 353-389 Victor Lyonnet and Richard A. Werner (2012). Lessons from the Bank of England on ‘quantitative easing’ and other ‘unconventional’ monetary policies. International Review of Financial Analysis. 25, 1-17, doi: 10.1016/j.irfa.2012.08.001 Richard A. Werner (2012). Towards a New Research Programme on ‘Banking and the Economy’ – Implications of the Quantity Theory of Credit for the Prevention and Resolution of Banking and Debt Crises, International Review of Financial Analysis, 25, 94-105, doi: 10.1016/j.irfa.2012.06.002 Richard A. Werner (2011). Economics as if Banks Mattered – A Contribution Based on the Inductive Methodology, Manchester School, 79, September, 25–35. doi: 10.1111/j.1467- 9957.2011.02265_5.x Yuanquan Chen and Richard A. Werner (2011). The Role of Monetary Aggregates in Chinese Monetary Policy Implementation, Journal of the Asia-Pacific Economy, 16, 3, 464-488 Kostas Voutsinas and Richard A. Werner (2011). Credit Supply and Corporate Capital Structure: Evidence from Japan, International Review of Financial Analysis, 20, 320-334, doi: 10.1016/j.irfa.2011.05.002 Richard A. Werner (2009). Financial Crises in Japan during the 20th Century. Bankhistorisches Archiv, Beiheft 47, pp. 98-123 Richard A. Werner (2006), What accession countries need to know about the ECB: A comparative analysis of the independence of the ECB, the Bundesbank and the Reichsbank, 1 International Finance Review, Vol 6: Emerging European Financial Markets (pp. 99-116), Amsterdam: Elsevier; ISSN: 1569-3767/doi:10.1016/S1569-3767(05)06005-X Richard A. Werner (2005). Beruht der Ruf nach Reformen auf Tatsachen?, WISO Wirtschafts- und sozialpolitische Zeitschrift, 28, 1, 85-108, Linz: Institut für Sozial- und Wirtschafts- wissenschaften Richard A. Werner (2004). ‘No Recovery without Reform? An Empirical Evaluation of the Structural Reform Argument in Japan’, Asian Business and Management, 3, no. 1, 2004, London: Palgrave Macmillan. Richard A. Werner (2004). ‘Reply to Grimes, “Comment on Richard Werner’s The Enigma of Japanese Policy Ineffectiveness: The Limits of Traditional Approaches, Not Cyclical Policy”, The Japanese Economy, vol. 31, no. 1, New York: M. E. Sharpe. Richard A. Werner (2003). ‘Post-Crisis Banking Sector Restructuring and its Impact on Economic Growth’, The Japanese Economy, vol. 30, no. 4, New York: M. E. Sharpe Richard A. Werner (2003). ‘Aspects of Career Development and Information Management Policies at the Bank of Japan – a Frank Interview with a Former Central Banker’, The Japanese Economy, vol. 30, no. 4, New York: M. E. Sharpe. Richard A. Werner (2003). ‘A Reconsideration of the Rationale for Bank-Centered Economic Systems and the Effectiveness of Directed Credit Policies in the Light of Japanese Evidence’, The Japanese Economy, vol. 30, no. 3, New York: M. E. Sharpe, pp. 3-45. Richard A. Werner (2003). ‘Banking Sector Restructuring and Macroeconomic Stability’, Sophia International Review, vol. 25, Tokyo Richard A. Werner (2003). ‘The “Enigma” of Japanese Policy Ineffectiveness: The Limits of Traditional Approaches, Not Cyclical Policy’, The Japanese Economy, vol. 30, no. 1, New York: M. E. Sharpe, pp. 25-95. Richard A. Werner (2002). ‘Monetary Policy Implementation in Japan: What They Say vs. What they Do’, Asian Economic Journal, vol. 16 no.2, Oxford: Blackwell, pp. 111-151. Richard A. Werner (1999). ‘Nihon ni okeru madoguchishido to “bubble” no keisei’ (in Japanese), Gendai Finance, No. 5, March, Tokyo: Toyo Keizai Shinposha, pp. 17-40. Richard A. Werner (1997). ‘Towards a New Monetary Paradigm: A Quantity Theorem of Disaggregated Credit, with Evidence from Japan’, Kredit und Kapital, vol. 30, no. 2, July 1997, pp. 276-309. Richard A. Werner (1994). ‘Japanese Foreign Investment and the “Land Bubble”’, Review of International Economics, vol. 2, issue 2, June 1994, Oxford: Blackwell, pp. 166-178 2 Books – Authored Josh Ryan-Collins, Tony Greenham, Richard A. Werner and Andrew Jackson (2012), Where Does Money Come From? London: new economics foundation, 2nd edition Josh Ryan-Collins, Tony Greenham, Richard A. Werner and Andrew Jackson (2011), Where Does Money Come From? London: new economics foundation 2 Richard A. Werner (2005). New Paradigm in Macroeconomics: Solving the Riddle of Japanese Macroeconomic Performance, Basingstoke: Palgrave Macmillan, 2005 Japanese Edition: Kyoko no Shuen, Tokyo: PHP Kenkyujo, 2003 Korean Edition: Seoul, 2009 German Edition: Neue Wirtschaftspolitik fuer Europa, Lehren aus der japanischen Krise, Munich: Verlag Franz Vahlen, 2007 Richard A. Werner (2003). Princes of the Yen, Japan’s Central Bankers and the Transformation of the Economy, New York: M. E. Sharpe, 2003 Japanese Edition: En no Shihaisha, Tokyo: Soshisha, 2001 (Number 1 Bestseller on general bestseller list); second edition: forthcoming 2014 Swedish Edition: Mammons furstar, Pengar, makt och centralbanker, Stockholm: Agora, 2003 Korean Edition: Geumnyungui Yeokseup, Seoul: Ubion, 2009 German Edition: Prinzen des Yen, Japans Zentralbank und die Transformation der Wirtschaft, forthcoming 2014 Richard A. Werner (2003), The Enigma of the Great Recession, Tokyo: PHP Institute Press (in Japanese) Masayuki Ishii and Richard A. Werner (2003), The Bank of Japan under Toshihiko Fukui, Tokyo: Appuru Shuppan (in Japanese) Mototada Kikkawa and Richard A. Werner (2003), Dismantling the Japanese Model, Tokyo: Kodansha (in Japanese) Richard A. Werner (2003), Central Banking and Structural Change in Japan and Europe, Tokyo: Soshisha (in Japanese) 3. Books – Editor or Series Editor Yun-Peng Chu (ed.)(2015), Lost Decades in Growth Performance - Causes and Case Studies, Basingstoke: Palgrave Macmillan Studies in Economics and Banking: Richard Werner (series editor), Basingstoke: Palgrave Macmillan Bernhard Winkler, Ad van Riet and Peter Bull (editors), (2013), A Flow of Funds Perspective on the Financial Crisis Volume I, Money, Credit and Sectoral Balance Sheets, Palgrave Macmillan Studies in Economics and Banking: Richard Werner (series editor), Basingstoke: Palgrave Macmillan Bernhard Winkler, Ad van Riet and Peter Bull (editors), (2013), A Flow of Funds Perspective on the Financial Crisis Volume II, Macroeconomic Imbalances and Risks to Financial Stability, Palgrave Macmillan Studies in Economics and Banking: Richard Werner (series editor), Basingstoke: Palgrave Macmillan Richard A. Werner (editor) (2003), Shireba shiruhodo kowakunaru! Nihongingko 24 no himitsu, Tokyo: Jitsugyou no Nihonsha (in Japanese) 4. Edited Books – Contributions Richard. A. Werner (2015), Credit creation, in: Louis-Philippe Rochon and Sergio Rossi (eds.), The Encyclopedia of Central Banking, Cheltenham: Edward Elgar Publishing 3 Richard. A. Werner (2015), Credit easing, in: Louis-Philippe Rochon and Sergio Rossi (eds.), The Encyclopedia of Central Banking, Cheltenham: Edward Elgar Publishing Richard. A. Werner (2015), Credit guidance, in: Louis-Philippe Rochon and Sergio Rossi (eds.), The Encyclopedia of Central Banking, Cheltenham: Edward Elgar Publishing Richard. A. Werner (2015), Quantity theory of credit, in: Louis-Philippe Rochon and Sergio Rossi (eds.), The Encyclopedia of Central Banking, Cheltenham: Edward Elgar Publishing Richard. A. Werner (2015), Reichsbank, in: Louis-Philippe Rochon and Sergio Rossi (eds.), The Encyclopedia of Central Banking, Cheltenham: Edward Elgar Publishing Richard. A. Werner (2015), A Third Decade of Low Growth? Lessons from Japan on Financial Management and Economic Growth, in: Yun-Peng Chu (ed.), Lost Decades in Growth Performance - Causes and Case Studies, Basingstoke: Palgrave Macmillan Richard. A. Werner (2013). The Quantity Theory of Credit and Some of its Implications, in: Bernhard Winkler, Ad van Riet and Peter Bull (eds.), A Flow-of-Funds Perspective on the Financial Crisis, Basingstoke: Palgrave Macmillan Richard. A. Werner (2013). The endgame in Europe, in: Futurescope – An Anthology of Essays, London: Coutts & Co. Richard. A. Werner (2012). An Analytical Evaluation of a Potential Obstacle to Enhanced Performance by Credit Unions, in: Graham Manville and Richard Greatbanks (eds.), Performance Measurement and Management in the Third Sector, London: Gower Richard. A. Werner (2009). Understanding and Forecasting the Credit Cycle—Why the Mainstream Paradigm in Economics and Finance Collapsed. In QFinance. London: Bloomsbury,
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