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The European Association for Banking and Financial History (eabh) e.V.

Conference

Financial Interconnections in History

Did financial globalisation increase or decrease stability?

29 Apr 2016 at 8:00am

Vienna, Austria

Globalisation is perceived as an inevitable and irreversible phenomenon, the process of globalisation of financial markets however has not followed a deterministic path of inexorable progress.

Examining globalisation in the long term allows a more textured view of advances and reversals, acceleration and deceleration. This conference aims to explore the waves caused by financial innovation, technological and methodological changes as well as responses of markets and regulators to periodic bubbles and crises in the long run. 

 After 30 years of globalisation, there is an opportunity to reflect on the dramatic changes that took place in global financial markets on the eve of the globalisation of the 1990s and examine how the structures and patterns of global financial markets were established.

In the 1980s and 1990s a new wave of technologies and mathematical modelling transformed the nature and performance of international capital markets, prompting new entrants, new structures and new markets. In turn, these innovations generated fresh challenges for prudential supervision, risk assessment and regulation that persisted through the ensuing 30 years.

 

eabh in cooperation with OeNB (Oesterreichische Nationalbank).

Please note that modifications of the programme are still viable at this point and we apologise for any inconvenience that might incur.

Programme

08.00 - 08.15Welcome Coffee
08.15 - 08.30 Welcome Address

Ewald Nowotny, Governor Oesterreichische Nationalbank

Carmen Hofmann, Secretary General eabh
08.30 - 08.45 Introduction

Hugo Bänziger, Partner at Lombard Odier and Chairman of eabh

08.45 - 09.15Keynote

Marc Flandreau, Graduate Institute Geneva

'Anthropology and finance: financial history of Victorian science'

09.15 - 10.15Panel One: Austria and the World

1.) Clemens Jobst, Oesterreichische Nationalbank

'From the treasury's banker to the banker's bank: Continuity and change in the early years of the Oesterreichische Nationalbank'

2.) Aurel Schubert, European Central Bank

'Opportunities and risks of regional globalisation of the Austrian banking sector in the interwar period - similarities and differences to today'

3.) Stefan Schmitz, Oesterreichische Nationalbank

'OeNB's reaction to the collapse of the Bretton Woods System in 1971'

Moderator: Walter Antonowicz, Oesterreichische Nationalbank
10.15 - 11.00Panel Two: Insurance and Bubbles in History

1.) Robin Pearson, University of Hull: 'What was the role of Empire in the internationalization of British insurance?'

2.) Stefan Hofrichter, Allianz Global Investors
'Asset Bubbles in History'

Moderator: Hugo Bänziger, Lombard Odier
11.00 - 11.15Coffee break
11.15 - 12.45 Panel Three: Waves of Globalisaton: The big Technological change of the 1990s (oral history)

1.) Andreas Gottschling, Erste Bank

2.) Kay Haigh, Morgan Stanley

3.) Mick Wood, former Deutsche Bank

Moderator: Hugo Bänziger, Lombard Odier
12.45 - 13.45lunch
13.45 - 14.45Panel Four: Globalisation and Financial Crises in Emerging Economies (19th-20th century)

1.) Juan Flores, University of Geneva

'Revolutionaries, caudillos and financial markets: Winners and losers from Latin America's first debt crisis

2.) Sebastian Alvarez, University of Geneva
'Playing with fire? The internationalization and condition of Mexican banks prior to the 1982 debt crisis'

3.) Ali Coskun Tuncer, Universtiy College of London
'Sovereign default, foreign control and political resistance in the European periphery before 1914'

Moderator: Piet Clement, Bank for International Settlements
14.45 - 15.45Panel Five: Selected Research

1.) Markus Lampe, Wirtschaftsuniversität Wien

'Bilateral flows of postal money orders'

2.) Andrea Papadia, London School of Economics

'Sovereign default during the Great Depression: New evidence for the case that fiscal resilience matters more than debt levels'

Nuno Palma, University of Groningen

'Danger to the old lady of Threadneedle Street?The Bank of England, financial intermediation, and the regime shift to paper money (1797-1821)'

Moderator: Catherine Schenk, University of Glasgow
15.45 - 16.00Coffee break
16.00 - 16.30Concluding Remarks

Catherine Schenk, University of Glasgow


16.30 - 17.00Closing reception
17.00End of annual meeting

Date

29 Apr 2016 at 8:00am to 6:00pm

Location

Oesterreichische Nationalbank
Otto-Wagner-Platz 3
1090 Vienna
Austria

Vienna, Austria

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