{"id":"https://openalex.org/W2166774142","doi":"https://doi.org/10.1108/13581980810853190","title":"The sub\u2010prime crisis, the credit squeeze and Northern Rock: the lessons to be learned","display_name":"The sub\u2010prime crisis, the credit squeeze and Northern Rock: the lessons to be learned","publication_year":2008,"publication_date":"2008-02-22","ids":{"openalex":"https://openalex.org/W2166774142","doi":"https://doi.org/10.1108/13581980810853190","mag":"2166774142"},"language":"en","primary_location":{"id":"doi:10.1108/13581980810853190","doi":"https://doi.org/10.1108/13581980810853190","is_oa":false,"landing_page_url":"https://doi.org/10.1108/13581980810853190","pdf_url":null,"source":{"id":"https://openalex.org/S58879488","display_name":"Journal of Financial Regulation and Compliance","issn_l":"1358-1988","issn":["1358-1988","1740-0279"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-20","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Financial Regulation and Compliance","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5044374428","display_name":"Maximilian J.B. Hall","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I143804889","display_name":"Loughborough University","ror":"https://ror.org/04vg4w365","country_code":"GB","type":"education","lineage":["https://openalex.org/I143804889"]}],"countries":["GB"],"is_corresponding":true,"raw_author_name":"Maximilian J.B. Hall","raw_affiliation_strings":["Department of Economics, Loughborough University, Loughborough, UK"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Economics, Loughborough University, Loughborough, UK","institution_ids":["https://openalex.org/I143804889"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5044374428"],"corresponding_institution_ids":["https://openalex.org/I143804889"],"apc_list":null,"apc_paid":null,"fwci":11.0682,"has_fulltext":false,"cited_by_count":35,"citation_normalized_percentile":{"value":0.98053292,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":99},"biblio":{"volume":"16","issue":"1","first_page":"19","last_page":"34"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.9520999789237976,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.9520999789237976,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13074","display_name":"Global Financial Regulation and Crises","score":0.028599999845027924,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14154","display_name":"finance, banking, and market dynamics","score":0.014299999922513962,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/northern-rock","display_name":"Northern Rock","score":0.8809999823570251},{"id":"https://openalex.org/keywords/subprime-mortgage-crisis","display_name":"subprime crisis","score":0.8939999938011169},{"id":"https://openalex.org/keywords/credit-crunch","display_name":"credit crunch","score":0.8840000033378601},{"id":"https://openalex.org/keywords/bank-liquidity-crisis","display_name":"bank liquidity crisis","score":0.6460000276565552},{"id":"https://openalex.org/keywords/deposit-runs","display_name":"deposit runs","score":0.8009999990463257},{"id":"https://openalex.org/keywords/bank-of-england","display_name":"Bank of England","score":0.9459999799728394},{"id":"https://openalex.org/keywords/financial-services-authority","display_name":"Financial Services Authority","score":0.9919999837875366},{"id":"https://openalex.org/keywords/bank-resolution","display_name":"bank resolution","score":0.4009999930858612},{"id":"https://openalex.org/keywords/deposit-insurance","display_name":"deposit insurance","score":0.9089999794960022},{"id":"https://openalex.org/keywords/financial-regulatory-reform","display_name":"financial regulation reform","score":0.7870000004768372},{"id":"https://openalex.org/keywords/financial-panic","display_name":"financial panic","score":0.3700000047683716},{"id":"https://openalex.org/keywords/uk-banking","display_name":"UK banks","score":0.6510000228881836}],"concepts":[{"id":"https://openalex.org/C2780889827","wikidata":"https://www.wikidata.org/wiki/Q10756188","display_name":"Treasury","level":2,"score":0.6544462442398071},{"id":"https://openalex.org/C71140485","wikidata":"https://www.wikidata.org/wiki/Q2943226","display_name":"Knight","level":2,"score":0.559192955493927},{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.501673698425293},{"id":"https://openalex.org/C2776950860","wikidata":"https://www.wikidata.org/wiki/Q2914681","display_name":"Originality","level":3,"score":0.4483272135257721},{"id":"https://openalex.org/C2778300220","wikidata":"https://www.wikidata.org/wiki/Q114380","display_name":"Financial crisis","level":2,"score":0.4355219006538391},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4347226023674011},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.4228006601333618},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.3852700889110565},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3695796728134155},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.3289816975593567},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.2965134084224701},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.14204266667366028},{"id":"https://openalex.org/C1276947","wikidata":"https://www.wikidata.org/wiki/Q333","display_name":"Astronomy","level":1,"score":0.0},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C11012388","wikidata":"https://www.wikidata.org/wiki/Q170658","display_name":"Creativity","level":2,"score":0.0},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1108/13581980810853190","doi":"https://doi.org/10.1108/13581980810853190","is_oa":false,"landing_page_url":"https://doi.org/10.1108/13581980810853190","pdf_url":null,"source":{"id":"https://openalex.org/S58879488","display_name":"Journal of Financial Regulation and Compliance","issn_l":"1358-1988","issn":["1358-1988","1740-0279"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-20","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Financial Regulation and Compliance","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/16","display_name":"Peace, justice, and strong institutions","score":0.5473999977111816}],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":21,"referenced_works":["https://openalex.org/W595080442","https://openalex.org/W1504312102","https://openalex.org/W1510505646","https://openalex.org/W1963038635","https://openalex.org/W1965249964","https://openalex.org/W1969547344","https://openalex.org/W2095293109","https://openalex.org/W2101673352","https://openalex.org/W2104361181","https://openalex.org/W2113966200","https://openalex.org/W2127459891","https://openalex.org/W2501778544","https://openalex.org/W2730109041","https://openalex.org/W2978731898","https://openalex.org/W3021587758","https://openalex.org/W3124877944","https://openalex.org/W3125935022","https://openalex.org/W3171747791","https://openalex.org/W3212026773","https://openalex.org/W6631139161","https://openalex.org/W7007882368"],"related_works":["https://openalex.org/W3123722796","https://openalex.org/W1587284887","https://openalex.org/W1005358785","https://openalex.org/W1635995067","https://openalex.org/W3121661787","https://openalex.org/W1842782331","https://openalex.org/W3123655836","https://openalex.org/W1525293136","https://openalex.org/W2730109041","https://openalex.org/W3122915465"],"abstract_inverted_index":{"Purpose":[0],"On":[1],"14":[2],"September":[3],"2007,":[4],"after":[5],"failing":[6],"to":[7,12,21,38,66,77,88,111],"find":[8],"a":[9,29,54,79,181],"\u201cWhite":[10],"Knight\u201d":[11],"take":[13],"over":[14],"its":[15],"business,":[16],"Northern":[17,108],"Rock":[18,109],"bank":[19,56],"turned":[20],"the":[22,40,47,86,98,107,116,120,122,127,136,144,162,195,200],"Bank":[23],"of":[24,62,115,164,186],"England":[25],"(the":[26],"Bank)":[27],"for":[28,57,157],"liquidity":[30],"lifeline.":[31],"This":[32,82],"was":[33],"duly":[34],"provided":[35,156],"but":[36],"failed":[37],"quell":[39],"financial":[41,204],"panic,":[42],"which":[43,105,190],"manifested":[44],"itself":[45],"in":[46,95,102,161,174],"first":[48],"fully\u2010blown":[49],"nation\u2010wide":[50],"deposit":[51,166],"run":[52],"on":[53],"UK":[55,103],"140":[58],"years.":[59],"The":[60,169],"purpose":[61],"this":[63,175,187],"paper":[64,83,176],"is":[65,191],"analyse":[67],"why":[68],"these":[69,89],"events":[70,91],"unfolded":[71],"and":[72,100,126,135,146,171,184,202],"what":[73],"can":[74],"be":[75],"done":[76],"prevent":[78],"repetition.":[80],"Design/methodology/approach":[81],"briefly":[84],"explains":[85],"background":[87],"extraordinary":[90],"before":[92],"setting":[93],"out,":[94],"some":[96],"detail,":[97],"tensions":[99],"flaws":[101],"arrangements":[104],"allowed":[106],"spectacle":[110],"occur.":[112],"Findings":[113],"None":[114],"interested":[117],"parties":[118],"\u2013":[119,129],"Bank,":[121],"Financial":[123],"Services":[124],"Authority":[125],"Treasury":[128],"emerges":[130],"with":[131],"their":[132],"reputation":[133],"intact,":[134],"policy":[137],"areas":[138],"requiring":[139],"immediate":[140],"attention,":[141],"at":[142],"both":[143],"domestic":[145,201],"international":[147,203],"level,":[148],"are":[149,154,177],"highlighted.":[150],"Some":[151],"reform":[152],"recommendations":[153,172],"also":[155],"good":[158],"measure,":[159],"particularly":[160],"area":[163],"formal":[165],"protection.":[167],"Originality/value":[168],"analysis":[170],"contained":[173],"offered":[178],"up":[179],"as":[180],"contribution":[182],"towards":[183],"stimulant":[185],"wider":[188],"debate":[189],"urgently":[192],"needed,":[193],"given":[194],"continuing":[196],"threats":[197],"faced":[198],"by":[199],"system.":[205]},"counts_by_year":[{"year":2022,"cited_by_count":1},{"year":2017,"cited_by_count":5},{"year":2014,"cited_by_count":1},{"year":2013,"cited_by_count":3},{"year":2012,"cited_by_count":6}],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2016-06-24T00:00:00"}