There Will Be the Devil to Pay : Central Bankers, Uncertainty and Sensemaking in the European Financial Crisis Of 1931 / Per H. Hansen.

Format:

Book

Author/Creator:

Hansen, Per H., author.

Series:

Studies in macroeconomic history

Studies in Macroeconomic History Series

Language:

English

Subjects (All):

Financial crises--Europe.

Financial crises.

Macroeconomics.

Physical Description:

1 online resource (xii, 505 pages) : digital, PDF file(s).

Edition:

First edition.

Place of Publication:

New York, NY : Cambridge University Press, [2024]

Summary:

"An original history of the European financial crisis of 1931 and the breakdown of the gold-standard written from the actors' point of view. This book focuses on central and private bankers as they struggled to overcome uncertainty as the crisis spread from Austria to Germany and Great Britain"-- Provided by publisher

Contents:

Cover

Half-title

Series information

Title page

Imprints page

Table of Contents

Frontispiece

1 Introduction

The House of Cards

Central Bankers, the Gold Standard and Dealing with Crises

The Focus of This Book

Sensemaking and Uncertainty

Analytical Strategy and My Sources

Structure of This Book

2 Central Bankers and Their World

Francis Rodd and Harry Siepmann

Montagu Norman, George Harrison and the BIS

Central Bankers, Nationals and Individuals

The World They Lived In: The Present World Depression

The Common Vision of the Future Has Been Destroyed

Beyond Understanding

The Fiction

Uncertainty

3 Preparing for Crisis (May 11-May 19)

Tomorrow Will Be Critical Day

The Plan

Organizing the BIS Loan

Board Meeting in Basle

4 Foreign Creditors (May 16-May 25)

The Government Loan

Credit Anstalt on the Move

Ask the Governor

A Wild Exaggeration

5 Moratorium or Guarantee? (May 25-May 27)

We Must Rely Heavily on the Governor

No One Over Here Knows What the Situation Is

At All Costs

6 Guarantee at Last? (May 26-June 1)

Cause and Effect

Unhappy about Vienna

A Case for Common Action

A Butcher, a Dictator and a Credit

7 Releasing the BIS Credit (May 29-June 5)

We Cannot Afford to Fail in Vienna

I Have No Information on Which to Act

Absolutely Inseparable

8 Surrounded with Trouble (June 5-June 10)

A German Visit to Chequers

The Second BIS Board Meeting

We Shall All Lose Our Money

9 Where and How to Place? (June 8-June 13)

Nothing to Report

Not an Hour to Lose

Van Hengel Goes to Basle

The Guarantee, Again

10 A World Political Problem (June 11-June 16)

We Absolutely Cannot Afford to Wait

James Gannon's Plan

Bankers in Vienna

What Is the Answer?

Her Majesty's Government

To Save the Ship before She Sinks

11 Francis Rodd Makes Sense

and a Plot (June 9-June 20)

Rodd's Memorandum

Narrating the Crisis

Pierre Quesnay's Story

12 To Act Now If We Are to Act at All (June 16-June 27)

Putting Money Down a Sink Hole

The Hoover Moratorium

100,000,000 to the Reichsbank

George L. Harrison Takes Charge

13 Germany Will Collapse (June 19-July 10)

Strong Political Antagonism

The French Cabinet Is Now in Session

A Billion Dollars to Germany?

A Very Bad Frame of Mind

14 Anxiety within Germany at Climax (July 11-July 23)

In a State of Uncertainty

If Germany Goes into the Abyss

You Have Done a Fine Job

A Programme for Averting Disaster?

The London Conference

15 Going Off the Gold Standard? (July 14-August 21)

A Sudden Drop in Sterling

A Credit to the Bank of England

Working in Harmony

To Face the Music

Blind and Irrational Forces of Nature

16 We Must Not Fool Ourselves Now (August 21-September 17)

No Use in Doing the Thing Halfway

They Can Do All They Like

Notes:

Title from publisher's bibliographic system (viewed on 24 Dec 2024).

Description based on print version record.

Includes bibliographical references and index.

ISBN:

9781009505260

1009505262

9781009505291

1009505297

9781009505307

1009505300

OCLC:

1443084954