William Allen is a visitor at the National Institute for Economic and Social Research. He worked at the Bank of England from 1972–2004, serving in a number of capacities including most recently deputy director for financial stability and director for Europe. Since 2004, he has worked in the private sector and for the International Monetary Fund. He was a specialist adviser to the House of Commons Treasury Committee from 2010–17, and to the Parliamentary Commission on Banking Standards in 2012.
He have written extensively on monetary subjects including three books – International liquidity and the financial crisis (Cambridge University Press, 2013), Monetary policy and financial repression in Britain 1951–59 (Palgrave Macmillan, 2014) and The Bank of England and the government debt: operations in the gilt-edged market, 1928–1972 (Cambridge University Press, 2019) – and numerous published articles.
Book notes: Macroprudential policy and practice, edited by Paul Mizen, Margarita Rubio and Philip Turner
Important overview of current state of thinking about macro-prudential policy, but uncertainties remain about current allocation of financial stability responsibilities