Kevin Dowd is an adjunct scholar at the Cato Institute, and a professor of finance and economics at Durham University in England. Dowd has written extensively on the history and theory of free banking, central banking, financial regulation, and monetary systems. His books include Private Money: The Path to Monetary Stability, The State and the Monetary System, Laissez-Faire Banking, Competition and Finance: A New Interpretation of Financial and Monetary Economics, and Money and the Market: Essays on Free Banking. He is the author of a highly regarded finance text Measuring Market Risk, and in recent years has done work on financial risk management, pensions, and mortality modeling. He is also the co-author with Martin Hutchinson of Alchemists of Loss: How Modern Finance and Government Intervention Crashed the Financial System (Wiley, 2010). Dowd also has affiliations with the Cobden Centre, Institute of Economic Affairs, Independent Institute, and Instituto Bruno Leoni.

Dowd holds a PhD in economics from Sheffield University.

More from Kevin Dowd


Cato Reviews & Journals

Against Helicopter Money

Cato Journal. Winter 2018.

From Excess Stimulus to Monetary Mayhem

Cato Journal. Spring/Summer 2017.

Learning the Right Lessons from the Financial Crisis

Cato Journal. Spring/Summer 2016.


34th Annual Monetary Conference

November 17, 2016. Conference.

33rd Annual Monetary Conference

November 12, 2015. Conference.

Math Gone Mad: Systemic Dangers of the Federal Reserve’s Stress Tests

June 4, 2015. Capitol Hill Briefing.