Descripción del proyecto
¿Cómo recordamos las crisis financieras?
Durante el último siglo, el mundo se ha visto asolado por varias crisis financieras profundas. El proyecto financiado con fondos europeos MERCATOR investigará en qué medida el recordar o no dichas crisis financieras puede explicar las prácticas que amenazan la estabilidad del sistema financiero. Explorará las causas de las crisis financieras, especialmente la crisis financiera mundial de entre 2007 y 2009, analizando el comportamiento de los agentes financieros y el fracaso de los reguladores a la hora de preservar la estabilidad financiera. MERCATOR utilizará el concepto de memoria cultural para comprender cómo se recuerdan esas crisis financieras, el impacto de dicha memoria sobre la forma de pensar y el comportamiento de los agentes financieros y la aparición de una nueva «élite» financiera a finales del siglo XX y principios del siglo XXI.
Objetivo
This project explores the extent to which the memory, or absence of memory, of previous financial crises can explain practices threatening the stability of the financial system. This will provide a major contribution to the understanding of the causes of financial crises, in particular the Global Financial Crisis, by helping to understand the behaviour of financial agents, marked by recurrent waves of over-confidence and excessive risk-taking, and why regulators fail to maintain financial stability.
The project addresses four main questions: How are financial crises remembered? Has the memory of financial crises had an impact on the thinking and behaviour of financial actors? Has a new financial elite emerged in the late twentieth and early twenty-first century? What has been the legacy of the Global Financial Crisis?
Using the concept of cultural memory, the project analyses how the most severe financial shocks of the last hundred years (1929-33, 1982, 1997, and 2007-9) have been remembered. The memory of financial crises will be retraced by exploring five interrelated areas, resulting in: the first comprehensive analysis of senior bankers own views on financial crises; the first collective biography of the financial elite in the late 20th and early 21st century; a much clearer picture of the vision of financial crises prevailing in the financial world and its evolution in the second half of the 20th century; a new light on the place of financial crises in the teaching of economics and finance; and new perspectives into the history and memory of financial regulation.
By focusing on financial actors and combining economic history and cultural history, the project will provide a missing link in our understating of the recurrence of financial crises, thus pushing the boundaries of knowledge, renewing our understanding of financial crises and contributing to the ongoing search for greater financial stability.
Ámbito científico (EuroSciVoc)
CORDIS clasifica los proyectos con EuroSciVoc, una taxonomía plurilingüe de ámbitos científicos, mediante un proceso semiautomático basado en técnicas de procesamiento del lenguaje natural.
CORDIS clasifica los proyectos con EuroSciVoc, una taxonomía plurilingüe de ámbitos científicos, mediante un proceso semiautomático basado en técnicas de procesamiento del lenguaje natural.
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Palabras clave
Programa(s)
Régimen de financiación
ERC-ADG - Advanced GrantInstitución de acogida
50014 Fiesole
Italia