Professor of International Economics and Finance at
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Keith Pilbeam is a Professor of International Economics and Finance at City University of London, UK. He teaches at Cass Business School and on the international programme of Boston University. He obtained his PhD from the European University Institute in Florence (more


Brexit Train Wreck Being Exposed - Theresa May Is Unfit For Office
As we approach the Brexit day deadline of March 29th, it is now clear that Theresa May is trying to blackmail parliament into accepting her deal or risk a "no deal" Brexit.
Brexit – The Reality Check Is Coming While The Brexit Clock Is Ticking
May’s current plan is for the UK to have a transition period till December 2020 when the UK essentially stays in the EU with no say in the decision-making process.
Tesla And Making Money Out Of Thin Air
Musk added around $6 billion to his company's valuation yesterday with his tweet, so we can call it the $6 billion tweet.
The Growth Of Shadow Banking
The shadow banking system is a relatively new term, its first use is attrib­uted to Paul McCulley of PIMCO in a speech of 2007.
Bitcoin As A "Rational Bubble"
The concept of a rational bubble has direct applicability to Bitcoin.
A Large Bill Is Better Than No Deal
Theresa May is still looking for a bespoke deal whereby the UK can have its cake and eat it too. That is, to get free trade in goods and services with the EU and be free to strike trade deals and control immigration without large payments.


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Work Experience

Professor of International Economics and Finance
City University of London
2000 - Present (20 years 1 month)



International Finance
Keith Pilbeam
Palgrave Macmillan

International Finance is a well-established and internationally renowned introduction to the subject for all university students. It provides comprehensive coverage of both traditional and modern theories relating to the balance of payments, exchange rate determination and the international monetary system. There is extensive use of data and empirical evidence to illustrate the relevance of theories and concepts discussed. 

This edition includes key theoretical and real world developments and details the Eurocurrency and Eurobond markets and derivative instruments such as futures, options and swaps. Major international economic issues, such as international policy coordination, the record US current account deficits and Economic and Monetary Union in the European Union are given full coverage. A new chapter on currency and financial crises provides the basis for a study of the 2001 economic collapse in Argentina and the South East Asian crises of the late 1990s.

Finance and Financial Markets
Keith Pilbeam
Palgrave Macmillan

Finance and Financial Markets is a best-selling comprehensive introduction to the financial markets, institutions and instruments that constitute global finance. Its practical approach makes it readily understandable for students on finance and economics courses and those wanting to understand the workings of the modern financial world. This third edition has been thoroughly updated in the wake of the recent financial crisis, and discusses its implications for the finance industry.

Exchange Rate Management: Theory and Evidence - The U.K. Experience
Keith Pilbeam
Palgrave Macmillan

This book provides a concise review of the modern literature on exchange rate determination focussing on the implications for the conduct of exchange rate policy. The author examines the economic justification for foreign exchange market intervention, the potential for such intervention to stabilize an economy and the distinction betweens sterilized and non sterilized intervention. The final part provides an empirical examination of UK exchange rate policy during the period 1973-89 - the motivation, nature, effectiveness and profitability of the Bank of England's intervention are analyzed.