[1] In 1995, he proposed a new monetary policy to swiftly deal with banking crises, which he called 'Quantitative Easing', and it was published in the Nikkei.
[5] His 1991 discussion paper at the institute warned about the imminent 'collapse' of the Japanese banking system and the threat of the "greatest recession since the Great Depression".
In Tokyo, he also became the first Shimomura Fellow at the Research Institute for Capital Formation at the Development Bank of Japan.
[6] He is the founding director of the university's Centre for Banking, Finance and Sustainable Development and organiser of the European Conference on Banking and the Economy (ECOBATE), first held on 29 September 2011 in Winchester Guildhall, with Lord Adair Turner, FSA Chairman, as keynote speaker.
[11] According to Werner, he used this phrase in order to propose a new form of monetary stimulation policy by the central bank that relied neither on interest rate reductions (which Werner claimed in his Nikkei article would be ineffective) nor on the conventional monetarist policy prescription of expanding the money supply (e.g. through "printing money", expanding high-powered money, expanding bank reserves or boosting deposit aggregates such as M2 –all of which Werner also claimed would be ineffective).
The £2.5m payout was one of the largest awards ever made by a British tribunal and was so high because the university failed to defend itself.
[17] In the meantime Werner brought a discrimination claim against the University of Cambridge after they withdrew a conditional offer of employment in 2018.