Professor Kent Matthews

Sir Julian Hodge Professor of Banking and Finance

: MatthewsK@cardiff.ac.uk
: +44 29208 75855
: Aberconway Building, Room D09a, Colum Road, Cathays, Cardiff, CF10 3EU

: Media commentator

I began my academic career as a macroeconomist at Liverpool University teaching macroeconomics and monetary economics. Having spent three years as a macroeconomic forecaster at the NIESR, I became part of the Liverpool Macroeconomic Research Group and helped to develop the first rational expectations model of the UK economy while working for my PhD. I was its Principal Forecaster for for 10 years before moving to Cardiff Business School in 1989. I returned to Liverpool to Liverpool John Moores University as Professor of Banking & Finance, sharing my time with Lombard Street Research in the City as its UK Economist. I returned to Cardiff in 1996 as the Sir Julian Hodge Professor of Banking & Finance and also Head of Economics for 9 years and Associate Dean for Engagement & International Relations (3 years).

I have had a long scholarly association at the Katholieke Universiteit Leuven and continue to collaborate with Leuven economics faculty. I have held visiting scholar positions at the Bank of England (under Charles Goodhart), the University of Western Ontario, Clemson University, Humbolt University, Hong Kong Monetary Authority, and Fudan University. I am a founder member of the IEA Shadow Monetary Policy Committee and continue to serve as its Secretary.

2023

Long, I., Matthews, K. and Sivarajasingam, V. 2023. Environment, alcohol intoxication and overconfidence: evidence from a lab-in-the-field experiment. The Manchester School (10.1111/manc.12439)
Matthews, K., Heravi, S., Morgan, P., Page, N., Shepherd, J. and Sivarajasingam, V. 2023. Alcohol prices, the April effect, and the environment, in violence-related injury in England and Wales. European Journal of Health Economics (10.1007/s10198-023-01583-w)
Ong, K., Matthews, K. and Wang, B. 2023. Growth versus equity: the effects of centralized fiscal transfers on Chinese provinces. Regional Studies (10.1080/00343404.2022.2160868)

2022

Le, V. P. M., Matthews, K., Meenagh, D. and Minford, P. 2022. Regulatory arbitrage, shadow banking and monetary policy in China. Journal of International Financial Markets, Institutions and Money 80, article number: 101640. (10.1016/j.intfin.2022.101640)
Zhao, T., Matthews, K. and Munday, M. 2022. Neither true nor fairweather friend: relationship banking and SME borrowing under Covid-19. European Journal of Finance (10.1080/1351847X.2022.2092415)
Matthews, K. and Ong, K. 2022. Is inflation caused by deteriorating inflation expectations or excessive monetary growth?. Economic Affairs 42(2), pp. 259-274. (10.1111/ecaf.12518)
Asmild, M., Kronborg, D., Mahbub, T. and Matthews, K. 2022. Inefficiency patterns in family-owned banks in Bangladesh. Journal of Economic Studies 49(1), pp. 198-212. (10.1108/JES-06-2020-0286)
Long, I. W., Matthews, K. and Sivarajasingam, V. 2022. Overconfidence, alcohol and the environment: evidence from a lab-in-the-field experiment. Cardiff: Cardiff University Business School.

2021

Le, V. P. M., Matthews, K., Meenagh, D., Minford, A. and Xiao, Z. 2021. China’s market economy, shadow banking and the frequency of growth slowdown. Manchester School 89(5), pp. 420-444. (10.1111/manc.12318)
Wang, C., Le, V. P. M., Matthews, K. and Zhou, P. 2021. Shadow banking activity and entrusted loans in a DSGE model of China. Manchester School 89(5), pp. 445-469. (10.1111/manc.12319)
Le, V. P. M., Matthews, K., Meenagh, D., Minford, P. and Xiao, Z. 2021. Shadow banks, banking policies and China's macroeconomic fluctuations. Journal of International Money and Finance 116, article number: 102415. (10.1016/j.jimonfin.2021.102415)
Zhao, T., Luintel, K. B. and Matthews, K. 2021. Soft information and the geography of SME bank lending. Regional Studies 55(4), pp. 679-692. (10.1080/00343404.2020.1851024)

2020

Long, I. W., Matthews, K. and Sivarajasingam, V. 2020. Behavioural change and alcohol-fuelled violence: an experiment. RES Newsletter 191, pp. 21-25.
Yin, W., Kirkulak-Uludag, B. and Matthews, K. 2020. Financialization, religion, and social trust in rural China. PLoS ONE 15(10), article number: e0240114. (10.1371/journal.pone.0240114)
Matthews, K. and Zhiguo, X. 2020. Rational cost inefficiency and convergence in Chinese banks. Economic Modelling 91, pp. 696-704. (10.1016/j.econmod.2019.07.008)
Luintel, K., Matthews, K., Minford, L., Valentinyi, A. and Wang, B. 2020. The role of provincial government spending composition in growth and convergence in China. Economic Modelling 90, pp. 117-134. (10.1016/j.econmod.2020.04.024)
Huang, J., Matthews, K. and Zhou, P. 2020. What causes Chinese listed firms to switch bank loan provider? Evidence from a survival analysis. Emerging Markets Review 43, article number: 100678. (10.1016/j.ememar.2020.100678)
Zhou, L., Matthews, K. and Munday, M. 2020. Land transactions tax variation in Wales. Welsh Economic Review 27, pp. 33-40. (10.18573/wer.256)

2015

Sivarajasingam, V., Page, N., Wells, J., Morgan, P., Matthews, K., Moore, S. and Shepherd, J. 2015. Trends in violence in England and Wales 2010-2014. Journal of Epidemiology and Community Health 70(6), pp. 616-621. (10.1136/jech-2015-206598)
Le, V. P. M., Matthews, K., Meenagh, D., Minford, P. and Xiao, Z. 2015. China’s financial crisis: the role of banks and monetary policy. Working paper. Cardiff: Cardiff University.

2014

Pointon, C. and Matthews, K. 2014. Dynamic efficiency in the English and Welsh water and sewerage industry. Working paper. Cardiff: Cardiff University.
Yin, W. and Matthews, K. 2014. Why do firms switch banks? Evidence from China. Working paper. Cardiff: Cardiff University.
Yin, W. and Matthews, K. 2014. The determinants and profitability of switching costs in Chinese banking. Working paper. Cardiff: Cardiff University.
Sivarajasingam, V., Page, N., Morgan, P. H., Matthews, K. G. P., Moore, S. C. and Shepherd, J. P. 2014. Trends in community violence in England and Wales 2005-2009. Injury 45(3), pp. 592-598. (10.1016/j.injury.2013.06.020)
Le, V. P. M., Matthews, K. G. P., Meenagh, D., Minford, A. P. L. and Xiao, Z. 2014. Banking and the macroeconomy in China: A banking crisis deferred?. Open Economies Review 25(1), pp. 123-161. (10.1007/s11079-013-9301-9)
Matthews, K. G. P. 2014. Cost inefficiency in the Pakistan banking sector 2002-2009. State Bank of Pakistan Research Bulletin 10(1), pp. 1-20.

2013

Zhao, T., Matthews, K. G. P. and Murinde, V. 2013. Cross-selling, switching costs and imperfect competition in British banks. Journal of Banking & Finance 37(12), pp. 5452-5462. (10.1016/j.jbankfin.2013.03.008)
Matthews, K. G. P. 2013. Risk Management and managerial efficiency in Chinese banks: A network DEA framework. Omega 41(2), pp. 207-215. (10.1016/j.omega.2012.06.003)
Le, V. P. M., Matthews, K., Meenagh, D., Minford, P. and Xiao, Z. 2013. Banking and the macroeconomy in China: A banking crisis deferred?. Working paper. Cardiff: Cardiff University.
Sivarajasingam, V., Page, N., Morgan, P. H., Matthews, K., Moore, S. C. and Shepherd, J. P. 2013. OP44 trends in community violence in England and Wales 2005-2009. Journal of Epidemiology & Community Health 67(Suppl), pp. A22-A23. (10.1136/jech-2013-203126.44)
Daley, J., Matthews, K. G. P. and Zhang, T. 2013. Post crisis efficiency of Jamaican banks. Applied Financial Economics 23(20), pp. 1599-1607. (10.1080/09603107.2013.839861)

2012

Daley, J. and Matthews, K. G. P. 2012. Competitive conditions in the Jamaican banking market 1998-2009. International Review of Financial Analysis 25, pp. 131-135. (10.1016/j.irfa.2012.06.010)
Asmild, M. and Matthews, K. G. P. 2012. Multi-directional efficiency analysis of efficiency patterns in Chinese banks 1997-2008. European Journal of Operational Research 219(2), pp. 434-441. (10.1016/j.ejor.2012.01.001)

2011

Matthews, K. G. P. 2011. No case for Plan B - lessons for the great recession from the Great Depression. Discussion Paper. London: Institute of Economic Affairs. Available at: http://www.iea.org.uk/publications/research/no-case-for-plan-b-%E2%80%93-lessons-for-the-great-recession-from-the-great-depression
Daley, J., Matthews, K. and Zhang, T. 2011. Post-crisis cost efficiency of Jamaican banks. Working paper. Cardiff: Cardiff University.
Daley, J. and Matthews, K. 2011. Competitive conditions in the Jamaican banking market 1998-2009. Working paper. Cardiff: Cardiff University.
Zhao, T., Matthews, K. and Murinde, V. 2011. Cross-Selling, switching costs and imperfect competition in British banks. Working paper. Cardiff: Cardiff University.
Zhao, T., Murinde, V. and Matthews, K. G. P. 2011. Cross selling, switching costs and imperfect competition in British banks. Journal of Banking & Finance 37(12), pp. 5452-5462.
Zhang, T. and Matthews, K. 2011. Efficiency convergence properties of Indonesian banks 1992-2007. Working paper. Cardiff: Cardiff University.

2010

Matthews, K. 2010. Banking efficiency in emerging market economies. Working paper. Cardiff: Cardiff University.
Matthews, K. 2010. Risk management and managerial efficiency in Chinese banks: a network DEA framework. Working paper. Cardiff: Cardiff University.
Matthews, K. G. P. and Zhang, N. (. 2010. Bank productivity in China 1997-2007: Measurement and convergence. China Economic Review 21(4), pp. 617-628. (10.1016/j.chieco.2010.06.004)
Matthews, K. G. P. and Matthews, O. 2010. Controlling banker’s bonuses: efficient regulation or politics of envy?. Economic Affairs 30(1), pp. 71-76. (10.1111/j.1468-0270.2009.01977.x)

2009

Matthews, K. and Mattehws, O. 2009. Controlling banker’s bonuses: Efficient regulation or politics of envy?. Working paper. Cardiff: Cardiff University.
Daley, J. and Matthews, K. 2009. Out of many, dominance by a few? Market power in the Jamaican banking sector. Working paper. Cardiff: Cardiff University.
Daley, J. and Matthews, K. 2009. Measuring post-crisis productivity for Jamaican banks. Working paper. Cardiff: Cardiff University.
Daley, J. and Matthews, K. 2009. Efficiency and convergence in the Jamaican banking sector 1998-2007. Working paper. Cardiff: Cardiff University.
Daley, J. and Matthews, K. 2009. Measuring bank efficiency: Tradition or sophistication? – a note. Working paper. Cardiff: Cardiff University.
Matthews, K., Xiao, Z. and Xu, Z. 2009. Rational cost inefficiency in Chinese banks. Working paper. Cardiff: Cardiff University.
Matthews, K. and Zhang, N. 2009. Bank productivity in China 1997–2007: an exercise in measurement. Working paper. Cardiff: Cardiff University.
Sivarajasingam, V., Morgan, P. H., Matthews, K., Shepherd, J. P. and Walker, R. V. 2009. Trends in violence in England and Wales 2000-2004: An accident and emergency perspective. Injury 40(8), pp. 820-825. (10.1016/j.injury.2008.08.017)
Al-Muharrami, S. and Matthews, K. 2009. Market power versus efficient-structure in Arab GCC banking. Working paper. Cardiff: Cardiff University.
Sivarajasingam, V., Morgan, P. H., Shepherd, J. P. and Matthews, K. G. P. 2009. Vulnerability to assault injury: An emergency department perspective. Emergency Medicine Journal 26(10), pp. 711-714. (10.1136/emj.2008.061580)
Al-Muharrami, S. and Matthews, K. G. P. 2009. Market power versus efficient-structure in Arab GCC banking. Applied Financial Economics 19(18), pp. 1487-1496. (10.1080/09603100902845478)

2008

Matthews, K., Guo, J. and Zhang, X. 2008. X-efficiency versus rent seeking in Chinese banks: 1997-2006. Working paper. Cardiff: Cardiff University.
Matthews, K., Guo, J. and Zhang, N. 2008. Non-performing loans and productivity in Chinese banks: 1997-2006. Working paper. Cardiff: Cardiff University.
Daley, J., Matthews, K. G. P. and Whitfield, K. L. 2008. Too-big-to-fail: bank failure and banking policy in Jamaica. Journal of International Financial Markets, Institutions and Money 18(3), pp. 290-303. (10.1016/j.intfin.2006.12.002)
Lungu, L., Matthews, K. G. P. and Minford, A. P. L. 2008. Partial current information and signal extraction in a rational expectations macroeconomic model: A computational solution. Economic Modelling 25(2), pp. 255-273. (10.1016/j.econmod.2007.06.001)
Matthews, K. G. P., Minford, A. P. L. and Naraidoo, R. 2008. Vicious and virtuous circles - The political economy of unemployment in interwar UK and USA. European Journal of Political Economy 24(3), pp. 605-614. (10.1016/j.ejpoleco.2008.04.005)
Matthews, K. G. P. and Thompson, J. 2008. The economics of banking. 2nd ed.. Chichester: Wiley.

2007

Matthews, K., Guo, J. and Zhang, N. 2007. Non-performing loans and productivity in Chinese banks: 1997–2006. Working paper. Cardiff: Cardiff University.
Matthews, K. G. P., Murinde, V. and Zhao, T. 2007. Competitive conditions among the major British banks. Journal of Banking & Finance 31(7), pp. 2025-2042. (10.1016/j.jbankfin.2006.11.009)
Matthews, K., Guo, J., Zhang, N. and Wang, L. 2007. Bank efficiency in China, rent seeking versus X-inefficiency: a non-parametric bootstrapping approach. Working paper. Cardiff: Cardiff University.
Levi, M., Burrows, J., Fleming, M., Hopkins, M. and Matthews, K. G. P. 2007. The nature, extent and economic impact of fraud in the UK. Technical Report.
Matthews, K., Guo, J. and Zhang, N. 2007. Rational inefficiency and non-performing loans in Chinese banking: a non-parametric bootstrapping approach. Working paper. Cardiff: Cardiff University.
Parkin, M., Powell, M. and Matthews, K. G. P. 2007. Economics. 7th ed.. Harlow: Addison-Wesley.
Chin, L., Azali, M. and Matthews, K. G. P. 2007. The monetary approach to exchange rate determination for Malaysia. Applied Financial Economics Letters 3(2), pp. 91-94. (10.1080/17446540600993845)

2006

Al-Muharami, S., Matthews, K. and Kharbari, Y. 2006. Market Structure and Competitive Conditions in the Arab GCC Banking System. Journal of Banking & Finance 30(12), pp. 3487-3501., article number: 10.1016/j.jbankfin.2006.01.006. (10.1016/j.jbankfin.2006.01.006)
Matthews, K., Minford, P. and Naraidoo, R. 2006. Vicious and virtuous circles: the political economy of unemployment in interwar UK and USA. Working paper. Cardiff: Cardiff University.
Matthews, K. G. P., Ioannidis, C. and Peel, D. 2006. Expected stock returns, aggregate consumption and wealth: Some further empirical evidence. Journal of Macroeconomics 28(2), pp. 439-445. (10.1016/j.jmacro.2004.12.001)
Sivarajasingam, V., Matthews, K. G. P. and Shepherd, J. P. 2006. Price of beer and violence-related injury in England and Wales. Injury 37(5), pp. 388-394. (10.1016/j.injury.2006.01.035)
Matthews, K. G. P., Shepherd, J. P. and Sivarajasingam, V. 2006. Violence-related injury and the price of beer in England and Wales. Applied Economics 38(6), pp. 661-670. (10.1080/00036840500397341)
Matthews, K. G. P. and Booth, P. M. 2006. Issues in monetary policy. In: Matthews, K. G. P. and Booth, P. M. eds. Issues in Monetary Policy: The Relationship Between Money and the Financial Markets. Chichester: Wiley, pp. 1-7.
Matthews, K. G. P. and Booth, P. M. eds. 2006. Issues in monetary policy: the relationship between money and the financial markets. Chichester: Wiley.
Matthews, K., Meenagh, D., Minford, P. and Webb, B. 2006. Monetary regimes: Is there a trade-off between consumption and employment variability?. Working paper. Cardiff: Cardiff University.
Lungu, L., Matthews, K. and Minford, P. 2006. Partial current information and signal extraction in a rational expectations macroeconomic model: a computational solution. Working paper. Cardiff: Cardiff University.
Matthews, K. and Ismail, M. 2006. Efficiency and productivity growth of domestic and foreign commercial banks in Malaysia. Working paper. Cardiff: Cardiff University.
Matthews, K., Shepherd, J. and Sivarajasingham, V. 2006. Violence-related injury and the price of beer in England and Wales. Working paper. Cardiff: Cardiff University.
Daley, J., Matthews, K. and Whitfield, K. 2006. Too-big-to-fail: bank failure and banking policy in Jamaica. Working paper. Cardiff: Cardiff University.
Matthews, K., Shepherd, J., Sivarajasingham, V. and Benbow, S. 2006. Violence, gender and the price of beer in England and Wales. Working paper. Cardiff: Cardiff University.
Matthews, K., Murinde, V. and Zhao, T. 2006. Competitiveness and market contestability of major UK banks. Working paper. Cardiff: Cardiff University.
Al-Muharrami, S., Matthews, K. and Khabari, Y. 2006. Market structure and competitive conditions in the Arab GCC banking system. Working paper. Cardiff: Cardiff University.

2005

Matthews, K. G. P. 2005. Exchange rates and economic policy in the 20th century [Book Review]. Economic History Review 58(4), pp. 873-874. (10.1111/j.1468-0289.2005.00323.x)
Matthews, K. G. P., Paya, I. and Peel, D. 2005. The Term Spread and Real Economic Activity in the US Inter-war Period. Journal of Macroeconomics 27(2), pp. 331-343. (10.1016/j.jmacro.2004.02.003)

2004

Paya, I. and Matthews, K. G. P. 2004. Term spread and real economic activity in Korea: was the crisis predictable?. Applied Economics Letters 11(13), pp. 797-801. (10.1080/1350485042000254908)
Matthews, K. G. P., Morgan, P. H., Shepherd, J. and Sivarajasingam, V. 2004. Alcohol and vulnerability to violence: A micro study based on emergency department violent injury data. Presented at: British Society of Criminology Conference 2004: Criminology, Governance and Regulation, Portsmouth, UK, 6-9 July 2004.
Matthews, K. G. P. 2004. Taking on the economics establishment: an appreciation of Alan Walters the political economist. In: Minford, A. P. L. ed. Money Matters: Essays in Honour of Alan Walters. Cheltenham: Edward Elgar, pp. 1-10.
Matthews, K. G. P., Peel, D., Shepherd, J. and Sivarajasingam, V. 2004. The price of beer and lager and violence-related injury in England and Wales: a fixed effects model. In: Yfantopoulos, J. N. ed. The Economics of Health Reforms. Athens: Athens Institute for Education and Research, pp. 791-808.
Munday, M. C. R. and Matthews, K. G. P. 2004. Accounting for tourism activity in Wales. Regions Magazine 252(1), pp. 29-31.

2003

Sivarajasingam, V., Shepherd, J. P. and Matthews, K. 2003. Effect of urban closed circuit television on assault injury and violence detection. Injury Prevention 9(4), pp. 312-316. (10.1136/ip.9.4.312)
Matthews, K. G. P. 2003. International banks and the washing of dirty money: the economics of money laundering. In: Mullineux, A. W. and Murinde, V. eds. Handbook of International Banking. Elgar Original Reference Chichester: Edward Elgar, pp. 546-571.
Matthews, K. G. P. 2003. VAT evasion and VAT avoidance: Is there a European Laffer curve for VAT?. International Review of Applied Economics 17(1), pp. 105-114. (10.1080/713673162)
Sivarajasingam, V., Shepherd, J., Matthews, K. G. P. and Jones, S. 2003. Violence-related injury data in England and Wales. An alternative data source on violence. British Journal of Criminology 43(1), pp. 223-227. (10.1093/bjc/43.1.223)

2002

Matthews, K. G. P. 2002. Monetarism. In: Warner, M. ed. International Encyclopedia of Business and Management (2nd ed.)., Vol. 5. London: Thomson Learning, pp. 4350-4543.
Sivarajasingam, V., Shepherd, J. P., Matthews, K. G. P. and Jones, S. 2002. Trends in violence in England and Wales 1995-2000: an accident and emergency perspective. Journal of Public Health 24(3), pp. 219-226. (10.1093/pubmed/24.3.219)
Azman-Saini, W. N. W., Azali, M., Habibullah, M. S. and Matthews, K. G. P. 2002. Financial integration and the ASEAN-5 equity markets. Applied Economics 34(18), pp. 2283-2288. (10.1080/00036840210139364)
Iyoda, M. and Matthews, K. G. P. 2002. A Kaldorian analysis: an application of a Kaldorian model to the Japanese economy 1971-1993. Bulletin of the Research Institute, St. Andrews University 28(1), pp. 93-104.

2001

Chappell, D. and Matthews, K. G. P. 2001. Monetary Disequilibrium, Endogenous Money, Stability and the Determinacy of Inflation. Economic Notes 30(1), pp. 145-161. (10.1111/1468-0300.00050)
Matthews, K. G. P. and Iyoda, M. 2001. The business cycle in the Japanese economy 1971-94: A Kaleckian view (特定個人研究). Bulletin of the Research Institute, St. Andrews University 27(1), pp. 57-76.
Matthews, K. and Lloyd-Williams, J. 2001. The VAT-evading firm and VAT evasion: An empirical analysis. International Journal of the Economics of Business 8(1), pp. 39-49. (10.1080/13571510151075251)

2000

Matthews, K. G. P. and Lloyd-Williams, J. 2000. Have VAT rates reached their limit?: an empirical note. Applied Economics Letters 7(2), pp. 111-115. (10.1080/135048500351933)

1999

Azali, M. and Matthews, K. G. P. 1999. Money-income and credit-income relationships during the pre- and the post-liberalization periods: evidence from Malaysia. Applied Economics 31(10), pp. 1161-1170. (10.1080/000368499323382)

1997

Matthews, K. G. P. and Ioannidis, C. 1997. Inflation: Too much money or too much credit?. Manchester School of Economic and Social Studies 65(4), pp. 411-426. (10.1111/1467-9957.00072)

1996

Matthews, K. G. P. and Minford, A. P. L. 1996. British inflation and unemployment in the 1970s: a model-based decomposition. Applied Economics 28(1), pp. 103-115. (10.1080/00036849600000013)

1994

Matthews, K. G. P., Minford, A. P. L. and Blackman, S. C. 1994. Quarterly liverpool model with current partial information: An exercise in forecasting. Journal of Forecasting 13(6), pp. 507-518. (10.1002/for.3980130603)
Matthews, K. G. P., Minford, A. P. L. and Blackman, S. C. 1994. An algorithm for the solution of non-linear forward rational expectations models with current partial information. Economic Modelling 11(3), pp. 351-358. (10.1016/0264-9993(94)90010-8)

1990

Matthews, K. G. P. 1990. The limits to rational expectations: M. Hashem Pesaran, 1987, [Book Review]. International Journal of Forecasting 6(1), pp. 142-144. (10.1016/0169-2070(90)90107-M)

1989

Matthews, K. G. P. 1989. Could Lloyd George have done it? The Pledge re-examined. Oxford Economic Papers 41(1), pp. 374-407.
Matthews, K. G. P. 1989. Was sterling overvalued in 1925? A reply and further evidence. Economic History Review 42(1), pp. 90-96. (10.1111/j.1468-0289.1989.tb00490.x)

1986

Matthews, K. G. P. 1986. Was sterling overvalued in 1925?. Economic History Review 39(4), pp. 572-587. (10.1111/j.1468-0289.1986.tb01257.x)

1985

Matthews, K. G. P. 1985. Introducing macroeconomic modelling, arestis, Philip and Hadjimatheou, Philip, London: Macmillan, 1983. Price: £5.95. Pages: 254. [Book Review]. Journal of Forecasting 4(2), pp. 245-247. (10.1002/for.3980040211)
Matthews, K. G. P. 1985. Private sector expenditure in the inter-war period - an integrated portfolio approach. The Manchester School 53(1), pp. 23-44. (10.1111/j.1467-9957.1985.tb00193.x)

1984

Minford, A. P. L., Marwaha, S., Matthews, K. G. P. and Sprague, A. 1984. The Liverpool macroeconomic model of the United Kingdom. Economic Modelling 1(1), pp. 24-62. (10.1016/0264-9993(84)90010-5)
Matthews, K. G. P. 1984. The GDP residual error and the black economy: a note. Applied Economics 16(3), pp. 443-448. (10.1080/00036848400000049)

1982

Matthews, K. G. P. 1982. Demand for currency and the black economy in the UK. Journal of Economic Studies 9(2), pp. 3-22. (10.1108/eb002537)

1980

Matthews, K. G. P. and Minford, A. P. L. 1980. Private sector expenditure and financial asset accumulation in the U.K.. Journal of Money, Credit and Banking 12(4), pp. 644-653.
Minford, A. P. L., Brech, M. and Matthews, K. G. P. 1980. A rational expectations model of the U.K. under floating exchange rates. European Economic Review 14(2), pp. 189-219. (10.1016/0014-2921(80)90018-5)

1979

Minford, A. P. L., Matthews, K. G. P. and Marwaha, S. 1979. Terminal conditions as a means of ensuring unique solutions for rational expectations models with forward expectations. Economics Letters 4(2), pp. 117-120. (10.1016/0165-1765(79)90219-2)

Primary research interests

I have worked in the areas of macroeconomic modelling, economic forecasting, economics of banking, modelling the shadow economy. While specialising in banking and finance, I also see myself as an applied economist and can apply the tools of mdelling in economics to wiser areas in economics. As well as the main areas of banking economics, and macroeconomics, I have worked and published in areas of economic history, economic forecasting, political economy, tax evasion, health economics, money laundering, economics of water and sewage industry, operational research, agricultural economics, and regional economics

Shadow banking and the Chinese macroeconomy
Bank credit and SME financing
Money and banking deregulation in developing economies
Economics of the shadow economy
Crime and violent injury

Research projects

2018-2022 - ESRC/Welsh Water (£84,000) - fund PhD student to conduct research on the efficiency of not-for-profit enterprises.
2017-2021 - ESRC-Newton (£330,000) - Chinese Shadow Banks: A Micro to Macro modelling framework
2010-2014 - Welsh Water Authority (£100,000) – fund PhD student to conduct research on water utility efficiency models
2008-2010 - ESRC (£167,297) - Modelling nominal rigidities with Dr Vo Le
2006-2008 - British Association, to examine managerial efficiency in Chinese banks, £7000
2002-2003 - British Association, to examine the micro determinants of violent injury in Cardiff with Dr Peter Morgan £5,000
2000 - ESRC Seminar Programme for Money, Macro, Finance Research Group with Prof. M Wickens (York) £12,000
1997-1999 - ESRC Seminar Programme for Money, Macro, Finance Research Group with Prof. M Wickens (York) £15,000
1994-1996 - ESRC Seminar Programme for Money, Macro, Finance Research Group with Prof. K Cuthbertson (City Univ. Bus School) and Prof. Michael Moore (Queens Belfast) £7,000
1993-1994 - Welsh Development Agency, to develop a regional VAR model for Wales, with C Ioannidis & K Morgan (Cardiff Bus School) £9,500
1992-1994 - ESRC Money Macro Finance Research Group with Prof. David Currie (London Bus School) £10,000
1991-1992 - IFREMER/EEC collaboration with C Ioannidis to construct an econometric model of the fresh fish market in France and Italy £13,300
1986, 1988 - Nuffield Foundation Travel grants for collaborative work on the US Interwar labour market £2,400
1978-1991 - Collaboration with Prof. Patrick Minford on Liverpool Modelling projects funded by the ESRC. Total research grants approx (£700,000)

I currently teach a postgraduate module onTopics in Money, Banking & Finance.

My teaching experience has taken me through undergraduate macroeconomics, monetary economics, and banking economics at Cardiff and Liverpool Universities at the year 3 level, and Money, Banking & Finance at Cardiff , and macroeconomics at Liverpool at the year 2 level. I have taught undergraduate macroeconomics at Western Ontario, Canada at level 2 & 3, Clemson, USA at level 2; and Geldtheorie at KU Leuven at final year level.

At the graduate level, I have taught macroeconomics at Cardiff, KU Leuven, and Humbolt; Banking Economics at Cardiff, LJMU. and Nottinham University China; International Finance at Western.

At the PhD level, I have taught Economics of Banking at Cardiff and Fudan University.

I am the coauthor of the following textbooks

Kent Matthews & John Thompson, The Economics of Banking (3rd Ed) Wiley, 2014 (4th edition in progress)

Michael Parkin, Melanie Powell, and Kent Matthews, Economics (10th Ed), Pearson, 2017 (11th Ed in progress)

Frederick Mishkin, Massimo Giuliodori, and Kent Matthews, The Economics of Money, Banking & Financial Markets, Pearson, 2013

Kent Matthews, Macroeconomics and the Market, Macmillan, 1994

I have worked in academia, economic consultancy, and research institutions throughout my career. I started as a Junior Research Assistant and Computer Programmer at LSE before taking my degree at the same institution. I got interested in economic research after graduating in 1974 and spending some months at the Centre for Urban Economics at LSE, and then spent three years at the National Institute of Economic & Social Research in London, before going up to University Liverpool to study for my PhD under Patrick Minford. While at NIESR, I took my MSc in economics at Birkbeck College University of London. I took a lectureship in Monetary Economics at Liverpool University in 1978 and remained at Liverpool until I joined Cardiff University in 1989. While at Liverpool, I was part of the Liverpool Macroeconomic Research Group under Prof Patrick Minford and its Principal Forecaster using the first rational expectations model of the UK for forecasting and policy analysis.

I have held visiting research appointments at the University of Leuven (Belgium), Bank of England, Clemson University (S Carolina), Lombard Street Research, Hong Kong Monetary Authority, Fudan University (Shanghai), South East University (Nanjing), and Zhongnan University of Economics & Law, (Wuhan). I have held vsiting teaching appointments at University of Leuven, University of Western Ontario (Canada), Humbolt University (Berlin).

1996 - to date (80% from 2017) Sir Julian Hodge Profesor of Banking and Finance, Cardiff Business School, Cardiff University

2019 - to date (20%) Professor in Banking, Nottingham University Business School, University of Nottingham Ningbo China

1993 - 1996 Professor of Banking & Finance, Liverpool Business School, Liverpool John Moores University

1989 - 1993 Senior Lecturer, Cardiff Business School, UWCC

1978 - 1989 Lecturer Department of Economics & Accounting, University of Liverpool

1974 - 1977 Research Assistant, National Institute of Economic & Social Research

1970 - 1971 Junior Research Assistant, London School of Economics

School joins global learning partnership

15 May 2019

Studentship success

07 August 2018