Maxwell Fry received his PhD in Economics at the London School of Economics in 1970 and taught at The City University of London for 4 years. In 1974 he joined the Department of Economics at the University of Hawaii before leaving to teach at University of California -Irvine in 1980. Shortly after this he accepted an endowed chair as a Professor of International Finance here at Birmingham Business School. He passed away prematurely in 2000 and we remember him each year in late October.  

Maxwell Fry was a prominent figure around the world in International Finance and his work was widely acclaimed in central banking circles His contribution was in the fields of international and development (‘global’) finance and this annual lecture is given by an internationally leading academic or policy maker on a topic that reflects Maxwell Fry’s interests. He was very well liked by all and he took a particular interest in helping early career researchers to develop. Max is sadly missed.   

Maxwell Fry Global Finance Lecture 2019

"A silent run on shadow banks: due to sunspots or chicanery?”

Marcus Miller

Professor of Economics

University of Warwick

Department of Economics




G12 Main Lecture Theatre, Birmingham Business School, University House, (off Edgbaston Park Road, opposite the University’s East Gate and next to King Edwards School).

17.15 for 17.30pm

Wednesday 30th October 2019


Past Maxwell Fry Lectures


Year Speaker Title Link
2019 Marcus Miller A silent run on shadow banks: due to sunspots or chicanery?
2018 Jean-Bernhard Chatelain Leaning Against the Wind
2017 Panicos O. Demetriades Financial Stability and Financial Development: Lessons from a Euro Area Banking Crisis
2016 David Miles The Housing Market and Macro-prudential Policy
2015 David Llewellyn Post Crisis Regulation: what has been achieved and what remains to be done?
2014 Andrew Haldane Managing Global Finance as a System Link
2013 Charles Calomiris  The Political Economy of Inflation-Tax Banking:  Brazil and Mexico in the 19th and 20th Centuries
2012 Thorsten Beck Finance, Growth and Fragility: The Role of Government Link
2011 Michael Foot Can Macro-Prudential Regulation Reduce Financial Instability?
2010 John Williamson The Impact of the Global Financial Crisis on Development Thinking
2009 Stijn Claessens Developing Countries and Financial Crises: What Lessons?
2008 William A. Allen The Credit Crunch, the Financial Industry and the World Economy
2007 Ross Levine Finance and the Poor Link
2006 Marek Belka Transition to Euroland
2005 Gerard Caprio Jr Till Angels Govern: Rethinking Bank Regulation
2004 Charles Goodhart  Some Reflections on Financial Stability
2003 Andrew Crockett Thoughts on the New Financial Architecture
2002 Ronald McKinnon The World Dollar and Emerging Markets
2001 Mervyn King No Money, No Inflation – The Role of Money in the Economy
1999 DeAnne Julius Back to the Future of Low Global Inflation.