Olivier Accominotti (LSE): Global Banking and Crisis Propagation: Evidence from the 1931 Financial Crash

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.

Ronald Kroeze (Vrije Universitet Amsterdam): Banking on history: how banks use their past?

Many corporate organizations make references to their history. Especially banks make use of history and have large ‘historical’ or ‘archival’ departments, which are often well funded. Banks archive records, produce jubilee book and actively use their heritage in communication and public relations activities (‘trusted since….’). In this presentation several questions will be discussed. How do banks understand history (writing) and heritage? How do they represent the past? What kind of similarities and differences can be established? These questioned will be answered by looking at Dutch and (West-)European banks.

Jobhunting in the US

In this month’s column by CBS’ Senior Management, Alan Irwin, Dean of Research, talks about recruitment of teaching and research talent.

R. Daniel Wadhwani (University of the Pacific & CBS): The Uses of History in the Entrepreneurial Process

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.

Postponed use of Hamlet building

It turns out that a number of environmental analyses, which are a prerequisite for use of the building, have not been carried out at the former Hamlet building for several years.