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The Northern Rock crisis: a multi‐dimensional problem waiting to happen

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  • David T. Llewellyn

Abstract

Purpose - The purpose of this paper is to offer an initial assessment of the Northern Rock (NR) crisis. Design/methodology/approach - The paper describes the context of financial market turmoil and the multi‐dimensional aspects of the crisis. Findings - The central finding of this paper is that the NR episode is a multi‐dimensional problem and reflects a complex set of inter‐related problems. Originality/value - The paper brings together some of the strands of the analysis and addresses several lessons that can be learned.

Suggested Citation

  • David T. Llewellyn, 2008. "The Northern Rock crisis: a multi‐dimensional problem waiting to happen," Journal of Financial Regulation and Compliance, Emerald Group Publishing Limited, vol. 16(1), pages 35-58, February.
    • Handle: RePEc:eme:jfrcpp:v:16:y:2008:i:1:p:35-58
    DOI: 10.1108/13581980810853208
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    Citations

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    Cited by:

    1. Caporale, Guglielmo Maria & Matousek, Roman & Stewart, Chris, 2012. "Ratings assignments: Lessons from international banks," Journal of International Money and Finance, Elsevier, vol. 31(6), pages 1593-1606.
    2. Paul Hamalainen & Adrian Pop & Max Hall & Barry Howcroft, 2012. "Did the Market Signal Impending Problems at Northern Rock? An Analysis of Four Financial Instruments," European Financial Management, European Financial Management Association, vol. 18(1), pages 68-87, January.
    3. John Goddard & Phil Molyneux & John O. S. Wilson, 2009. "The crisis in UK banking," Public Money & Management, Taylor & Francis Journals, vol. 29(5), pages 277-284, September.
    4. Shaofang Li, 2021. "Quality of Bank Capital, Competition, and Risk-Taking: Some International Evidence," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 57(12), pages 3455-3488, September.

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