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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.
This book investigates the complex relationship between historical memory and the practical application of lessons learned during recurring financial crises. Authors Youssef Cassis and Catherine R. Schenk, both established scholars in economic and financial history, synthesize interdisciplinary perspectives to examine how policy makers, business leaders, and the public retain or discard institutional knowledge. The work provides a structured framework for evaluating whether past economic volatility informs contemporary decision-making or if systemic amnesia persists within financial institutions.
What You Will Find
Experts identify this text as a significant contribution to the field of financial history, noting its utility for both academics and policy practitioners. Readers frequently highlight the book's success in bridging the gap between historical analysis and the practical realities of modern financial governance.
Page Count:
240
Publication Date:
2021-12-14
Publisher:
Oxford University Press
ISBN-10:
0198870906
ISBN-13:
9780198870906
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