Bankers drawing lessons from history: lucidity or blindness?

Hubert Bonin

Cahiers du GREThA (2007-2019) from Groupe de Recherche en Economie Théorique et Appliquée (GREThA)

Abstract: Lessons from economic history are ever difficult to seize on because the motto \"this time is different\" and so many managerial fads foster a lack of lucidity. Anyway business and banking historians stick to their struggle to convince managers and bankers to read into academic books or journals, and to pick up levers to gauge cyclical trends, evolutions of balance sheet, pending risks, etc. This article delves into the history of banking crisis to fuel arguments about the challenges to be faced against herding bad practices as behavourial finance gathered Momentum since the 2007-2009 crisis.

Keywords: banks; crisis; risks; credit; issues of balance-sheets solidity (search for similar items in EconPapers)
JEL-codes: G01 G02 G21 N21 N80 (search for similar items in EconPapers)
Date: 2018
New Economics Papers: this item is included in nep-his and nep-hpe
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Persistent link: https://EconPapers.repec.org/RePEc:grt:wpegrt:2018-13

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