IDEAS home Printed from https://ideas.repec.org/p/oxf/esohwp/_193.html
   My bibliography  Save this paper

Anticipating financial crisis in the 1960s and 1980s: using the past to plan for the ‘Apocalypse’

Author

Listed:
  • Catherine R. Schenk

Abstract

The 2008 crisis was a boon to the discipline of economic history and created an appetite for ‘lessons from the past’ by academics as well as policy-makers as they sought to respond to the failure of economic theory to anticipate the crisis. But beyond this intense example, can we make conclusions about the pathway to impact for historical treatments? Is there something especially inspiring or impactful about the 1930s? Does the widespread awareness that there was an interwar great depression and that it was terrible and that it may have contributed to the Second World War mean that it has particular resonance when it is invoked by policy-makers? How has the past been used in anticipation of (rather than reaction to) financial crises? Examining two episodes, this chapter demonstrates the use of the past as a parable for current and future policy and as a rehearsal for a future crisis.

Suggested Citation

  • Catherine R. Schenk, 2021. "Anticipating financial crisis in the 1960s and 1980s: using the past to plan for the ‘Apocalypse’," Oxford Economic and Social History Working Papers _193, University of Oxford, Department of Economics.
    • Handle: RePEc:oxf:esohwp:_193
    as

    Download full text from publisher

    File URL: https://ora.ox.ac.uk/objects/uuid:38ea1202-4ec2-4e08-9b19-7b6deb8dfacd
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    devaluation; debt crisis; Bretton Woods; central bank cooperation; Great Depression;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oxf:esohwp:_193. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Anne Pouliquen (email available below). General contact details of provider: https://edirc.repec.org/data/sfeixuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.