Dr Neil M. Lancastle

Job: Senior Lecturer

Faculty: Business and Law

School/department: Leicester Castle Business School

Research group(s): Accounting and Finance

Address: De Montfort University, The Gateway, Leicester, LE1 9BH

T: +44 (0)116 250 6716

E: neil.lancastle@dmu.ac.uk

W: neil.lancastle.com/


Personal profile

My main research interest is the carry trade, which I investigate using national accounting data, trading simulations and stock-flow consistent models. I am interested in the institutional, technological and regulatory changes to currency markets since the collapse of Bretton Woods.

Research group affiliations

INET Money Macro Colloquium 2013-present day

Post Keynesian Study Group (PKSG) 2013-present day

Publications and outputs 

Refereed Journal Publications

Lancastle, N. (2012) Circuit theory extended: the role of speculation in crises. Economics eJournal. 2012(34). Available from http://www.economics-ejournal.org/

Book Reviews

Lancastle, N. (2014) [Review of the book Teaching Post Keynesian Economics by J.Jespersen and M. Ove Madsen]. Review of Keynesian Economics 2(4), pp. 545-6.

Encyclopaedia Entries

Lancastle, N. (2015) Random walk.  In: Rochon, L.P. and Rossi, S. (eds.) Encyclopaedia of Central Banking. Cheltenham, UK: Edward Elgar.

Lancastle, N. (2015) Asset management. In: Rochon, L.P. and Rossi, S. (eds.) Encyclopaedia of Central Banking. Cheltenham, UK: Edward Elgar.

Conference Papers

Lancastle, N. (2015) Six key features of the emerging consensus between Club Class central banks. AHE Annual Conference, Southampton and DMU Research Conference, Leicester.

Lancastle, N. (2014) How should we regulate the carry trade? Ecobate 2014. Winchester, UK.

Lancastle, N. (2014) Rethinking market regulation: A proposal to integrate the National Accounts and expose foreign exchange risks. Conference on Data Standards, Information and Financial Stability. Loughborough, UK.

Lancastle, N. (2012) Extended circuit theory: modelling the impact of government intervention.  6th International Dijon Conference. Dijon, France.

Lancastle, N. (2011) Beyond the Washington Consensus: Accounting for Arbitrage Capital. Quadrangular PhD conference. Lancaster, UK.

Lancastle, N. (2011) A critical analysis of the G5 carry trade as an investible index. First International Conference of COST Action, PhD School. Paris.

Other research activity

Research Visits

Visiting Scholar. Fields Institute for Research in Mathematical Sciences, Toronto (2013).

Event Organisation

Boom Bust Click. Film Preview and Q&A. Leicester (2015).

Rethinking Economics. Conference. London, UK (2014).

Who and What is Management For? PhD Conference. Leicester, UK. (2013)

Other Reviewing Activities

Peer Reviewer, Economics eJournal (2012-)

Editor, Rethinking Economics ( 2013-15)

Research interests/expertise

Foreign exchange markets

Carry trade

Stock-flow consistent economics

Financial crises


Money and banking

Areas of teaching

Undergraduate Courses

  • Advanced Corporate Finance (2014/15, 2015/16) – module leader from 2015/16
  • Professional Communications (2014/15, 2015/16)
  • Financial Management (2013/14)
  • Money and Banking (2013/14)
  • International Finance (2012/13)
  • International Business (2011/12 and 2013/14)

Postgraduate Courses

  • Research Methods (2015/16) – module leader from 2015/16
  • Behavioural Finance (2014/15, 2015/16) – module leader module leader from 2014/15
  • Corporate Finance (2014/15, 2015/16)
  • Accounting for Managers (2012/13)

Postgraduate Workshops

  • Stock flow consistent model: an introduction to theory and technique (2013)

PhD Examination

  • I have been the internal examiner on one PhD.

Masters Degree Supervisions

I have supervised and assessed 27 Masters projects and dissertations since 2012. These have been in finance, accounting and management. Topics have included market efficiency, corporate governance, banking performance, corporate social responsibility, accounting methods and behavioural finance.

Research Reviews

In 2013 I reviewed four research projects for the Institute for New Economic Thinking. The topics were bank shocks, information asymmetry, economic modelling and statistical methods.

Placement Project Supervision

  • Kimberly Clark, Volkswagen Group UK Limited (2014/15)


PhD (Management) 2015

MBA (Tech Mgmt) (Open) 2010

MA (Cantab) 1987

Membership of professional associations and societies

Membership of academic bodies and national committees:

  • Association for Heterodox Economics committee 2015-present day
  • Re-teaching Economics 2015-present day
  • Post Keynesian Study Group (PKSG) 2013-present day
  • Post-Crash Economics trustee 2015
  • QAA benchmarking committee (Economics) 2014-15
  • INET Money Macro Colloquium 2013-2015

Previous Industrial/Professional/ Public Sector Experience

Fidelity International, Consultant, 2010

UBS, Project Manager, 2007-9

Barclays Global Investors, Software Team Leader, 2000-7

Record Treasury Mgt, Software Developer, 1998-2000

Clerical Medical, Software Developer, 1996-8

Sun Alliance, Business Analyst, 1990-6

Professional and personal development – key activities

Developments in Economics Conference (2015)

IIPPE: Rethinking Economics: Pluralism, Interdisciplinarity and Activism (panel discussion on ‘re-teaching economics’) (2015)

Common Problems in Teaching (2012)

PhD Teacher Training (2011)

Postgraduate Research Training (2010)


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