Causes and consequences of the current financial crisis

06 Feb 2009 12:47:00.000

PA 36/09

A member of the Bank of England’s Monetary Policy Committee (MPC) is due to speak at The University of Nottingham on the global economic downturn.


Dr Andrew Sentance, an external member of the MPC since October 2006, will hold a seminar on ‘The Current Financial Crisis: Causes and Consequences’ as a guest of the School of Contemporary Chinese Studies.


The seminar takes place on February 10 and will be hosted by the Vice-Chancellor, Professor David Greenaway.

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Dr Sentance is expected to draw on his experiences as a member of the MPC to explore the roots of the current crisis in the summer of 2007, and how its effects spread across the world's major economies in Europe, Asia and the Americas. He will discuss the global impact of the downturn, and its likely consequences for economic prospects and policy-making.


In particular, he will focus on how the operation of a global and liberalised financial system can create volatility in the real economy, and the policy responses which might be required to limit this source of economic instability.


Dr Sentance is the latest member of the Monetary Policy Committee to speak at The University of Nottingham on the global economic downturn. In recent weeks both Mervyn King, Governor of the Bank of England, and Professor David Blanchflower have visited the campus to speak publicly on the issue.


The event forms part of the School of Contemporary Chinese Studies’ Seminar Series 2008-09.


Professor Shujie Yao, Head of School, said: “We're delighted to welcome Dr Andrew Sentance to the School of Contemporary Chinese Studies for this important and timely seminar hosted by The University of Nottingham's Vice-Chancellor, Professor David Greenaway.  The seminar is open to everyone both within the University and externally and we look forward to an extremely lively debate!”


Dr Sentance is an external member of the Bank of England Monetary Policy Committee. Before joining the MPC in October 2006, he was Chief Economist and Head of Environmental Affairs at British Airways. Previous roles include Director of Economic Affairs at the CBI and Director of the Centre for Economic Forecasting at the London Business School.


Alongside his role on the MPC, he is a part-time Professor of Sustainable Business at Warwick Business School, where he is helping to develop a programme of research into the low carbon society. Andrew holds degrees in economics from Cambridge University and the London School of Economics. He is also a visiting professor at Royal Holloway, and a member of the Commission for Integrated Transport.


Entrance to the February 10 event is free. For more details see:


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Notes to editors:

The University of Nottingham is ranked in the UK's Top 10 and the World's Top 100 universities by the Shanghai Jiao Tong (SJTU) and Times Higher (THE) World University Rankings.


More than 90 per cent of research at The University of Nottingham is of international quality, according to RAE 2008, with almost 60 per cent of all research defined as ‘world-leading’ or ‘internationally excellent’. Research Fortnight analysis of RAE 2008 ranks the University 7th in the UK by research power. In 27 subject areas, the University features in the UK Top Ten, with 14 of those in the Top Five.


The University provides innovative and top quality teaching, undertakes world-changing research, and attracts talented staff and students from 150 nations. Described by The Times as Britain's "only truly global university", it has invested continuously in award-winning campuses in the United Kingdom, China and Malaysia. Twice since 2003 its research and teaching academics have won Nobel Prizes. The University has won the Queen's Award for Enterprise in both 2006 (International Trade) and 2007 (Innovation — School of Pharmacy), and was named ‘Entrepreneurial University of the Year’ at the Times Higher Education Awards 2008.

Story credits

Joanna Black , School Manager, School of Contemporary Chinese Studies, University of Nottingham, on +44 (0)115 846 7727,
Tim Utton

Tim Utton - Deputy Director of Communications

Email: Phone: +44 (0)115 846 8092 Location: University Park

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