
Professor David Aikman
Director of the Qatar Centre for Global Banking & Finance
- Professor of Finance (Practice)
Research interests
- Banking & Finance
Biography
David Aikman joined King’s Business School in April 2020 as Professor of Finance and Director of the Qatar Centre for Global Banking and Finance. Previously, he spent 17 years working as an economist at the Bank of England – most recently in the role of Technical Head of Division in the Financial Stability Strategy and Risk Directorate where he led the Bank’s work on various macroprudential issues.
Between 2013 and 2015, David was seconded to the Board of Governors of the Federal Reserve System in Washington DC, where he worked as an advisor in the Division of Financial Stability. In 2008, David was a Visiting Scholar at the Bank of Japan’s Institute for Monetary and Economic Studies. David has represented the Bank in various international fora, including meetings of the Financial Stability Board, the Basel Committee, and the European Systemic Risk Board.
He is the author of various research papers on financial stability and macroprudential policy, and has a Ph.D. in Economics from the University of Warwick.
Are you accepting new PhD students?
Yes
Selected Publications
Aikman, David, Jonathan Bridges, Anil Kashyap, and Caspar Siegert. 2019. "Would Macroprudential Regulation Have Prevented the Last Crisis?" Journal of Economic Perspectives, 33 (1): 107-30. DOI: 10.1257/jep.33.1.107
David Aikman, Andrew G. Haldane, Benjamin D. Nelson, Curbing the Credit Cycle, The Economic Journal, Volume 125, Issue 585, 1 June 2015, Pages 1072–1109, https://doi.org/10.1111/ecoj.12113
David Aikman, Oliver Bush, and Alan M. Taylor. “Monetary Versus Macroprudential Policies: Causal Impacts of Interest Rates and Credit Controls in the Era of the UK Radcliffe Report” NBER Working Paper No. 22380 June 2016, Revised November 2018
Aikman, D., Haldane, A., Hinterschweiger, M. & Kapadia, S., 2019, “Rethinking Financial Stability”, published in Evolution or Revolution. Blanchard, O. & Summers, L. (eds.). MIT Press, p. 143-194
Aikman, David & Kiley, Michael & Lee, Seung Jung & Palumbo, Michael G. & Warusawitharana, Missaka, 2017. "Mapping heat in the U.S. financial system," Journal of Banking & Finance, Elsevier, vol. 81(C), pages 36-64.
Research

Qatar Centre for Global Banking & Finance
The Qatar Centre for Global Banking & Finance is a research centre dedicated to the study of central banks and the challenges they face in the global environment. It aims to develop cutting-edge research in all areas of central bank policy making, ranging from monetary policy to financial stability and regulation.
News
New research shows how companies could be gaming their reported greenhouse gas emissions
Team make five policy recommendations to prevent gaming undermining effectiveness of climate finance

News tracker: COP27 expert commentary and updates
All the latest from across King's relating to COP27, climate, sustainability and more.

Young Economist Prize Competition 2022 Winners
Congratulations to the winners of the 2022 Young Economist Prize Competition hosted by the Qatar Centre for Global Banking and Finance.

Is the time right for negative rates in the UK?
The economic crisis triggered by the Covid-19 pandemic, coupled with historically low interest rates and persistently low inflation, is prompting a rethink...

Sovereign green bonds: What role can they play in the transition to net zero?
In March, the Qatar Centre of Global Banking & Finance and the Climate Law and Governance Centre at King’s convened a policy forum of experts to discuss the...

KBS-Mathematics-Informatics Research Discussion on Climate Finance
Virtual meeting held to discuss research collaboration in the field of climate finance.

The objectives of macroprudential mortgage measures: an exploration
In a report prepared for the Central Bank of Ireland, Professor David Aikman, Director of the Qatar Centre for Global Banking and Finance, discusses the...

Spring School in Monetary & Financial Policy Analysis
The global economy is undergoing profound change, from the impact of climate change to the growth of digital currencies. At the same time, we are seeing rapid...

How has the Financial Policy Committee's objective changed since its inception?
In this article, we take stock of the cumulative effect of the various changes that have been made over time to the Financial Policy Committee (FPC)’s mandate...

Former US Treasury Secretary and Director of the National Economic Council for President Obama, Lawrence H. Summers gives keynote discussion
Professor David Aikman was joined by former US Treasury Secretary and Director of the National Economic Council for President Obama, Lawrence H. Summers...
Events

The Research Handbook of Macroprudential Policy Conference
This conference brings leading academics and policymakers working in the area of macroprudential policy, reflecting on the policy framework over the past...
Please note: this event has passed.

Perspectives on the banking turmoil: Panel discussion
Qatar Centre for Global Banking and Finance, webinar chaired by Professor David Aikman, it will discuss recent turmoil in the banking sector.
Please note: this event has passed.

Qatar Centre for Global Banking & Finance Annual Conference 2023
The Qatar Centre for Global Banking & Finance at King’s Business School will host its 3rd annual conference in London on 6 & 7 July 2023.
Please note: this event has passed.

Climate Finance Workshop - 23 February 2023
Join us for the next Climate Finance Workshop hosted by the Qatar Centre for Global Banking & Finance and the King’s Climate Hub.
Please note: this event has passed.

QCGBF Virtual Seminar Series: James Cloyne: Short-Term Tax Cuts, Long-Term Stimulus
The Qatar Centre for Global Banking & Finance welcomes James Cloyne from the University of California Davis to present this virtual seminar.
Please note: this event has passed.

QCGBF Virtual Seminar Series: Timothy Jackson: Optimal Central Bank Balance Sheets
The Qatar Centre for Global Banking & Finance welcomes Timothy Jackson from the University of Liverpool to present this virtual seminar.
Please note: this event has passed.

QCGBF Virtual Seminar Series: Michael Kumhof: The Open Economy Macroeconomics of Central Bank Digital Currencies
The Qatar Centre for Global Banking & Finance welcomes Michael Kumhof from the Bank of England (BoE) to present this virtual seminar.
Please note: this event has passed.

QCGBF Virtual Seminar Series: Ester Faia: Monetary Policy and Wage Inequality: the Labour Mobility Channel
The Qatar Centre for Global Banking & Finance welcomes Ester Faia from the University Frankfurt to present this virtual seminar.
Please note: this event has passed.

Climate Finance Workshop
Join us for the next Climate Finance Workshop hosted by the Qatar Centre for Global Banking & Finance and the King’s Climate Hub.
Please note: this event has passed.

QCGBF Virtual Seminar Series: José-Luis Peydró: Take It to the Limit? The Effects of Household Leverage Caps
The Qatar Centre for Global Banking & Finance welcomes José-Luis Peydró from Imperial College Business School to present this virtual seminar .
Please note: this event has passed.
Research

Qatar Centre for Global Banking & Finance
The Qatar Centre for Global Banking & Finance is a research centre dedicated to the study of central banks and the challenges they face in the global environment. It aims to develop cutting-edge research in all areas of central bank policy making, ranging from monetary policy to financial stability and regulation.
News
New research shows how companies could be gaming their reported greenhouse gas emissions
Team make five policy recommendations to prevent gaming undermining effectiveness of climate finance

News tracker: COP27 expert commentary and updates
All the latest from across King's relating to COP27, climate, sustainability and more.

Young Economist Prize Competition 2022 Winners
Congratulations to the winners of the 2022 Young Economist Prize Competition hosted by the Qatar Centre for Global Banking and Finance.

Is the time right for negative rates in the UK?
The economic crisis triggered by the Covid-19 pandemic, coupled with historically low interest rates and persistently low inflation, is prompting a rethink...

Sovereign green bonds: What role can they play in the transition to net zero?
In March, the Qatar Centre of Global Banking & Finance and the Climate Law and Governance Centre at King’s convened a policy forum of experts to discuss the...

KBS-Mathematics-Informatics Research Discussion on Climate Finance
Virtual meeting held to discuss research collaboration in the field of climate finance.

The objectives of macroprudential mortgage measures: an exploration
In a report prepared for the Central Bank of Ireland, Professor David Aikman, Director of the Qatar Centre for Global Banking and Finance, discusses the...

Spring School in Monetary & Financial Policy Analysis
The global economy is undergoing profound change, from the impact of climate change to the growth of digital currencies. At the same time, we are seeing rapid...

How has the Financial Policy Committee's objective changed since its inception?
In this article, we take stock of the cumulative effect of the various changes that have been made over time to the Financial Policy Committee (FPC)’s mandate...

Former US Treasury Secretary and Director of the National Economic Council for President Obama, Lawrence H. Summers gives keynote discussion
Professor David Aikman was joined by former US Treasury Secretary and Director of the National Economic Council for President Obama, Lawrence H. Summers...
Events

The Research Handbook of Macroprudential Policy Conference
This conference brings leading academics and policymakers working in the area of macroprudential policy, reflecting on the policy framework over the past...
Please note: this event has passed.

Perspectives on the banking turmoil: Panel discussion
Qatar Centre for Global Banking and Finance, webinar chaired by Professor David Aikman, it will discuss recent turmoil in the banking sector.
Please note: this event has passed.

Qatar Centre for Global Banking & Finance Annual Conference 2023
The Qatar Centre for Global Banking & Finance at King’s Business School will host its 3rd annual conference in London on 6 & 7 July 2023.
Please note: this event has passed.

Climate Finance Workshop - 23 February 2023
Join us for the next Climate Finance Workshop hosted by the Qatar Centre for Global Banking & Finance and the King’s Climate Hub.
Please note: this event has passed.

QCGBF Virtual Seminar Series: James Cloyne: Short-Term Tax Cuts, Long-Term Stimulus
The Qatar Centre for Global Banking & Finance welcomes James Cloyne from the University of California Davis to present this virtual seminar.
Please note: this event has passed.

QCGBF Virtual Seminar Series: Timothy Jackson: Optimal Central Bank Balance Sheets
The Qatar Centre for Global Banking & Finance welcomes Timothy Jackson from the University of Liverpool to present this virtual seminar.
Please note: this event has passed.

QCGBF Virtual Seminar Series: Michael Kumhof: The Open Economy Macroeconomics of Central Bank Digital Currencies
The Qatar Centre for Global Banking & Finance welcomes Michael Kumhof from the Bank of England (BoE) to present this virtual seminar.
Please note: this event has passed.

QCGBF Virtual Seminar Series: Ester Faia: Monetary Policy and Wage Inequality: the Labour Mobility Channel
The Qatar Centre for Global Banking & Finance welcomes Ester Faia from the University Frankfurt to present this virtual seminar.
Please note: this event has passed.

Climate Finance Workshop
Join us for the next Climate Finance Workshop hosted by the Qatar Centre for Global Banking & Finance and the King’s Climate Hub.
Please note: this event has passed.

QCGBF Virtual Seminar Series: José-Luis Peydró: Take It to the Limit? The Effects of Household Leverage Caps
The Qatar Centre for Global Banking & Finance welcomes José-Luis Peydró from Imperial College Business School to present this virtual seminar .
Please note: this event has passed.