Remembering and Learning from Financial Crises

by Youssef Cassis (Editor), Catherine R. Schenk (Editor)

Overview

The chapters in this book reflect on people's relationships with past financial crises - from public opinion to business leaders and policy makers. In connection with financial crises, Remembering and Learning from Financial Crises addresses three fundamental questions: first, are financial crises remembered, and if so how? Second, have lessons been drawn from past financial crises? And third, have past experiences been used in order to make practical decisions when confronted with a new crisis? These questions are of course related, yet they have been approached from different historical perspectives, using methodologies borrowed from different academic disciplines. One of the objectives of this book is to explore how these approaches can complement each other in order to better understand the relationships between remembering and learning from financial crises and how the past is used by financial institutions. It thus recognises financial crisis as a recurring phenomenon and addresses the impact that this has in a range of public and policy contexts.

Product Details

ISBN-13:	9780192643964
Publisher:	OUP Oxford
Publication date:	10/07/2021
Sold by:	Barnes & Noble
Format:	eBook
Pages:	240
File size:	2 MB

About the Author

Youssef Cassis is Research Professor at the Robert Schuman Centre for Advanced Studies, European University Institute, Florence, and Principal Investigator of the ERC funded research project on 'The Memory of Financial Crises: Financial Actors and Global Risk'. From 2011 to 2019, he was Professor of Economic History at the European University Institute. His work mainly focuses on banking and financial history, as well as business history more generally. His most recent books include Private Banking in Europe: Rise, Retreat, and Resurgence (OUP, 2015). He has also recently co-edited The Oxford Handbook of Banking and Financial History (OUP, 2016, with Richard Grossman and Catherine Schenk). He was a long serving member of the Academic Advisory Council of the European Association for Banking and Financial History and past President (2005-2007) of the European Business History Association (EBHA). Catherine Schenk is Professor of Economic and Social History at University of Oxford. After completing her undergraduate and Masters degrees at University of Toronto in Economics, International Relations, and Chinese Studies, she completed her PhD at the London School of Economics. Since then she has held academic positions at Victoria University of Wellington, New Zealand, Royal Holloway, University of London, and University of Glasgow. She has also been visiting professor at Nankai University, China, and Hong Kong University and she has spent time as a visiting researcher at the International Monetary Fund and at the Hong Kong Institute for Monetary Research. She was 2019 Senior Lamfalussy Fellow at the Bank for International Settlements. She is Associate Fellow in international economics at Chatham House.

Table of Contents

1. Memories and Uses of the Past, Youssef Cassis and Catherine Schenk2. The Memory of Financial Crises: The Great Depression and the Global Financial Crisis of 2008, Youssef Cassis and Anna Knaps3. 'Unfortunately we are bankrupt': The Greek Bankruptcy Crisis of 1893 and its Remembrance in the World Economic Crisis 2010-11, Korinna Schönhärl4. Myths and Memory: The Crisis of the Pound and the Political Use of the Memory of 1931 in the United Kingdom, Giuseppe Telesca5. The Past as Practice or Parable: Anticipating Financial Crisis in the 1960s and 1980s, Catherine Schenk6. To Remember or Forget? Financial Crises and Regulatory Regimes in Sweden, Mats Larsson and Kristina Lilja7. Making Capitalism Respectable after Financial Crisis: The Language of German and American Corporate Governance, 1873-1914, Jeffrey Fear and Christopher Kobrak8. The 1987 Stock Exchange Crash: a Crisis Denied?, Laure Quennouëlle-Corre9. British banks and their Aesop's fables: organizational memories of the governance and management of financial crisis, Victoria Barnes and Lucy Newton

Editorial Reviews

"By combining historical perspectives with memory studies, this volume opens a broader discussion about financial crises rather than offering a systematic approach or drawing general conclusions. It adds new details to our understanding of remembering and learning from financial crises and might inspire more attempts to research the memories of financial crises in other regions, periods, and contexts. Both financial and cultural historians could benefit from reading this insightful book." — Yi Liu, H-Soz-Kult

"This is a densely written book blending financial histories and memory studies. It draws on original interviews and a wide range of archival resources. The editors have provided data on a range of financial crises some remembered, some forgotten, some dismissed." — Rosemary Connell, Society of Professional Economists

From the Publisher