Financial Crises

    Credit-financed markets are inherently unstable. Inevitably, the pattern of payment promises doesn't align with actual ability to pay. What happens then depends on institutions, regulations and management. Today, the credit system is global, and so also is the prospect of financial instability.

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    Call for Papers - “Institutional Responses to Financial Crises 1870 to 2017”

    The Economic History Working Group and the Financial Stability Working Group of the Young Scholars Initiative are organizing a two-day seminar on May, 12th-13th in New York. The theme for the conference is “Institutional responses to financial crises 1870 to 2017”. Read more