🎙️ Step into the world of economic impact and war in our latest podcast episode! Join Willi Mutschler (Tuebingen) & Carmen Hofmann (eabh) as they delve into the profound findings of a recent study by the Kiel Institute for the World Economy. Explore the reasons behind nations going to war, the costs involved, and the role of monetary policy in mitigating these impacts. Get ready to uncover why we should all be prepared to be neighbors of war sites! Don't miss out on this insightful discussion. #eabhPodcast #FinancialHistory 🎧

Join Charles Goodhart, former Bank of England official, and Hugo Bänziger, chairman of eabh in a captivating discussion on the end of the Great Moderation. Dive deep into geopolitics, China's ascent, demographics, and debt markets through the expert financial history lens they provide.

Curious about the impact of rising interest rates on debt markets? Wondering who will step up to purchase long-term debt? Concerned about managing debt levels exceeding 100%? Is the threat of hyperinflation real? Could following in Argentina's footsteps lead us to the fiscal reform essential for the future?

Take a step back and embrace a long-term perspective with these esteemed financial experts. Explore the complexities of the financial landscape and gain valuable insights into the way forward. Don't miss out on this enlightening discussion! #eabh

Join Mariusz Lukasiewicz (Leipzig) and Carmen Hofmann (eabh) as they delve into the history of the Johannesburg Stock Exchange, a mirror reflecting the broader history of South Africa. Discover the captivating story of industrialization, internationalization, and financialization through the eras of Empire and independence. This tale of financing gold, diamond, and copper mining in the past offers valuable insights into the current state of South African mining finance.

Why do banks fail? What are the characteristics of banks that fail? Are these consistently the same over the course of history? Emil Verner (MIT) says yes, there are some commonalities all US banks that failed in the last 160 years share; moreover he claims that bank failures are quite predictable. Why then don't we prevent most bank failures? Or shouldn't we after all?

Emil Verner (MIT) in conversation with Carmen Hofmann (eabh)

The conversation draws on a paper jointly written with Sergio Correia (Federal Reserve System) and Stephan Luck (Federal Reserve Bank of New York).

How to regulate banks effectively?

Alexander Nützenadel (Humboldt University Berlin) makes a case for banking regulation being a cyclical affair. He and his colleagues started out to do the first quantitative analysis of banking supervision in the 20th century. Alexander and Carmen Hofmann (eabh) discuss his findings during what he calls the longest regulatory cycle in history (1930 -1970).

Are there lessons to be learned for today's regulators ? For instance how to deal with algorithmic trading or passive asset management?

Tune in to be informed!

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In this episode Maylis Avaro (Penn University) and Carmen Hofmann (eabh) discuss the international role of Sterling during the Bretton Woods era. Maylis claims that after 1945, the collective interests of the members of the sterling zone (stability of trade, free flow of capital, freer trade, access to London markets) were little compared to the cost of having UK authorities using the currency as a means of political domination.

Tune in and listen to a fascinating story of currency, empire & independence!

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Volker Berghahn (Columbia) & Carmen Hofmann (eabh) talk about European reconstruction after World War I, World War II and the Ukrainian War of today. Why was the reconstruction effort after 1945 so much more successful than the endeavours in the interwar years?

How should global aid be given? Does private or public money serve the matter better? Which should come first? Loans or grants? Do we need peace to rebuild? Who should guarantee for the money given? Who will profit? Volker and Carmen discuss these questions and try to look closely at the roadmap history could provide for Ukrainian reconstruction in the future.

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A practitioner's perspective with Edgar Walk (Metzler Bank) and Carmen Hofmann (eabh).

How can history insight help to bridge the gap between mathematical economic theory models and the 'real world of finance'? Edgar shares his insights from more than 20 years at one of the world's oldest private banks. How can history serve as a framework to identify financial and political cycles? How can it help to build a framework to see risks clearly and take sound long-term investment decisions? Listen up to get financial history insight!

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Stein Berre (New York Fed) & Paul Kosmetatos (University of Edinburgh) talk to Carmen Hofmann (eabh) about the first global credit crisis (1772/73). Which role did innovative financial products play? How did financial contagion propagate the initial shock and in which way did authorities intervene to stabilise markets?

Interestingly enough, the events 200 years ago resulted in a larger role of central banks within the architecture of finance. These state institutions then used certain stabilisation techniques that are still in place today. What is it that defines their success?

This episode is about one of the oldest banks in Europe. Alex Cooper (Leicester University) and Carmen Hofmann (eabh) discuss the financial needs of an island society and how banks are an integral part of local communities' fabric. In the case of Sicily, the creation of its own issuing bank was crucial for both; access to London capital markets and independence from British governance. Listen to hear why money always circulates!