Events

Abstract: How did the 1931 financial crisis propagate internationally? This paper compares the effect of the Central European panic of the summer 1931 on the US and British banking systems. I rely on new archival data and document a key difference between the United States and Britain in how Central European credits were distributed across banks. In Britain, most of the lending to Central Europe was done by small banks with high levels of exposure relative to their capital. In the United States, most of the lending to Central Europe was done by big banks with low levels of exposure relative to their capital. The freeze of Central European assets therefore left many more British banks insolvent than US banks. The structure of informational asymmetries within the banking system accounts for the distribution of German credits in both countries. This explains why the Central European crisis propagated to London and not New York in the summer of 1931.

Sustainability Seminar Series invites you to a seminar with Michael Townsend, CEO, Earthshine on the future of sustainable business models and solutions

In order to obtain the PhD degree, Martin Gylling has submitted his thesis entitled: Processuel strategi i organisationer om dobbeltheden i tænkning af strategi, dels som vidensfelt i organisationsteori, dels som kunstnerisk tilgang til at skabe i erhvervsmæssig innovation.

Business History Seminar. Dan is the Fletcher Jones Associate Professor of Entrepreneurship at University of the Pacific, and a VELUX Visiting Professor in the MPP Department at CBS. A business historian by training, he uses historical approaches to study entrepreneurship, organizations, and industries. His publications have used historical sources and methods to examine the emergence of new industries, the evolution of organizational forms, and the creation of novel market categories and valuation systems. Most recently, he has co-edited Organizations in Time: History, Theory, Methods (Oxford University Press), which examines the epistemic, theoretical, and methodological opportunities and challenges of using historical approaches in management and organizational research.