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in money and banking, and their impact
on the world's leading economies

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5th January 2018: JOB OPPORTUNITY

Social Media and Website Officer, Institute of International Monetary Research, based on the University of Buckingham campus

Job Description (part time 12 hours per week). Salary negotiable on experience: £5,800-£7,000 (per annum £19,353 - £23,333)

Fundamental Purpose of Job:

The post holder will oversee the implementation and update of a new website, engage with social media to promote the presence of the IIMR, support promotion of events and assisting the publication of promotional material.

Key Tasks:

- Implement and maintain new website

1. Liaise with Director to agree content

2. Promote the IIMR through social media with content agreed by Director

3. Support production of all IIMR marketing material

- Other tasks

1. Support IIMR events

2. Performing other reasonable related duties as requested by Line Manager

If you are interested in applying for the above position informal enquiries can be made to Dr Juan Castaneda, Director, Institute of International Monetary Research either by telephone, 01280 827524 or via email

Please send a covering letter and your CV to:

Gail Grimston

Office Manager

Institute of International Monetary Research

c/o University of Buckingham

Hunter Street


Mk18 1EG

No later than Thursday 15th February 2018.

A document containing the job description can be downloaded here

26th October 2017: An article appeared in CityAM co-authored by our Chairman, Professoor Tim Congdon and our Director, Dr Juan Castañeda, The article, entitled 'Tighter bank regulation won't stop boom and bust, but it will damage growth and prosperity', touched on themes which will be familiar to anyone who has followed the work of the Institute.  

In particular it mentioned how the tightening of bank regulation from October 2008, especially the increases in banks' minimum capital-to-asset ratios, caused banks to shed risk assets and so led to the destruction of money balances. The resulting drop in the rate of money growth - and even outright declines in the quantity of money in some countries in 2009 and 2010 - aggravated the downturn in demand, output and employment, and it was the consequent severity of the cyclical setback that justified its characterisation as "the Great Recession". In short, officialdom's actions to check the recession had the effect of making it worse.

You can read the article by pressing this link

9th August 2017: Our Chairman, Professoor Tim Congdon, published an article in the Daily Telegraph pointing out that mistakes by regulators were the main reason that the Great Recession was so severe. As Professor Congdon rightly points out:-

"If the Bank of England had been more flexible in the early stages of the crisis, and if officialdom had taken action in autumn 2008 to boost the quantity of money rather than focussing so obsessively on bank capital, the worst of the UK's Great Recession could have been avoided. In their determination to punish the bankers for their actual or alleged sins, top central bankers and regulators forgot the importance of the quantity of money to macroeconomic conditions"

You can read more here

13th April 2017: Our Director, Juan Castañeda's, was quoted in an article published by S&P Global Market Intelligence about the allegations of the rigging of the LIBOR (London Interbank Overnight Rate) in 2008.

"Our monetary system is purely based on trust and the record and effectiveness of the BoE and the rest of the banking sector," said Professor Castañeda. "The alleged pressure of the government and the BoE to keep LIBOR rates artificially low back in the autumn of 2008.....erodes the sound functioning of markets and the formation of interest rates, which are key signals for households and companies in planning their decisions."

You can read the full article here

16th March 2017: Our Chairman, Professor Tim Congdon, co-authored an op-ed on the subject of bank capitalisation in the Wall Street Journal with Professor Steve Hanke of Johns Hopkins University

You can read Professor Congdon's summary of the article here

26th January 2017: Prospectus now available for our new MSc in Money, Banking and Central Banking, which starts in September

See here for more details about an unique MSc programme in the UK

Read more......

January 2017: Dr Juan Castañeda  interviewed on the subject of publicly-owned central banks

Our Director, Dr Juan Castañeda,  was interviewed by Jennifer Laidlaw (Standard and Poor's) about publicly traded central banks.Read more......

September 2016: Dr Juan Castañeda 's Bundesbank visit

Dr Juan Castañeda, Director of the IIMR, recently visited (July 2016) the Deutsche Bundesbank University in Hachenburg

Read more......

January 2016: Press release on the appointment of Dr. Juan Castañeda as the Director of the Institute of International Monetary Research

Dr. Juan Castañeda is to become the first full-time Director of the Institute of International Monetary Research in January 2016.

Read more......