Tim Jackson holds a first class degree in Economics from the University College London and 2 Masters and a PhD from Cardiff University. His thesis, titled “Banking and the State”, considers the proposal to reduce the disruption of bank failure through the creation of institutions dedicated soley to maintaining the payments mechanism. So-called “narrow banks” bear similarity to companies that support digital wallets e.g. PayPal and proposals for Central Bank Digital Currencies (see https://www.bankofengland.co.uk/research/digital-currencies for a UK version). He also has various papers which seek to advise financial regulators on optimal policy given the many challenges of the sector.