Professor Lord (Robert) May of Oxford takes on banking. For those who know his early work in ecosystems well enough, it will likely come as little surprise that he was able to do this – but the fact that he has done so may come as a shock.
May was senior author with Andrew Haldane as the first author, and the work was published in Nature, today.
The most interesting part for me (because it is related to some work I plan to do this year) is on the propagation of shocks. Very interesting indeed.