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The Memory of Financial Crises

Dates:
  • Thu 30 Nov 2017 13.00 - 18.40
  • Fri 01 Dec 2017 10.00 - 18.00
  Add to Calendar 2017-11-30 13:00 2017-12-01 18:00 Europe/Paris The Memory of Financial Crises

It is usually assumed that financial markets have a short memory: crises are quickly forgotten and excessive risk-taking replaces caution as new business and profit opportunities arise, with the conviction that ‘this time is different’, to use Reinhart’s and Rogoff’s formula. Surprisingly, economists and economic historians have paid little attention to memory in their attempts to explain financial crises. This conference (a pre-conference of a session at the 18th World Economic history Congress to be held in Boston from 29 July to 3 August 2018) is a first attempt to reflect on how and by whom financial crises have been remembered, why some have been remembered and others forgotten, and what use has been made of the memory of financial crises, whether for economic or political purposes. These are crucial questions to understand not only the causes and consequences of financial crises, but more generally how the financial system in which we live has been shaped. Papers will take a broad view of the notion of memory and address a broad range of theoretical and methodological issues. Close attention will be paid to the mechanisms of transmission of memory within groups, from small communities to entire countries, including the impact of the digital revolution, with cases spanning the three main waves of globalisation.

Sala Europa, Villa Schifanoia DD/MM/YYYY
  Sala Europa, Villa Schifanoia

It is usually assumed that financial markets have a short memory: crises are quickly forgotten and excessive risk-taking replaces caution as new business and profit opportunities arise, with the conviction that ‘this time is different’, to use Reinhart’s and Rogoff’s formula. Surprisingly, economists and economic historians have paid little attention to memory in their attempts to explain financial crises. This conference (a pre-conference of a session at the 18th World Economic history Congress to be held in Boston from 29 July to 3 August 2018) is a first attempt to reflect on how and by whom financial crises have been remembered, why some have been remembered and others forgotten, and what use has been made of the memory of financial crises, whether for economic or political purposes. These are crucial questions to understand not only the causes and consequences of financial crises, but more generally how the financial system in which we live has been shaped. Papers will take a broad view of the notion of memory and address a broad range of theoretical and methodological issues. Close attention will be paid to the mechanisms of transmission of memory within groups, from small communities to entire countries, including the impact of the digital revolution, with cases spanning the three main waves of globalisation.


Location:
Sala Europa, Villa Schifanoia

Affiliation:
Robert Schuman Centre for Advanced Studies
Department of History and Civilization

Type:
Conference

Contact:
Angelika Lanfranchi - Send a mail

Organiser:
Youssef Cassis

Attachment:
Programme
 
 

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