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1 - Introduction

Published online by Cambridge University Press:  21 December 2024

Per H. Hansen
Affiliation:
Copenhagen Business School
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Summary

After a brief introduction to the outbreak of the Austrian Credit Anstalt crisis in May 1931 and the early response by central bankers from Bank of England, the BIS and the New York Federal Reserve Bank, this chapter proceeds to present the book’s overall issues and main concepts, which will be used as a heuristic framework throughout the narrative. The main concepts of the book are radical uncertainty, sensemaking, narrative emplotment, imagined futures and epistemic communities. In the chapter, I discuss how these concepts are helpful in understanding central bankers’, and other actors’, decision-making and practices in the five month from May through September. The chapter also discusses my analytical strategy and presents the empirical material, which comes from the Bank of England, Bank for International Settlements, the Federal Reserve Bank of New York, the J.P. Morgan Archive, the Rothschild Archive and a few others. At the end of the chapter, I present the structure of the book.

Type
Chapter
Information
There Will Be the Devil to Pay
Central Bankers, Uncertainty and Sensemaking in the European Financial Crisis of 1931
, pp. 1 - 21
Publisher: Cambridge University Press
Print publication year: 2025

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  • Introduction
  • Per H. Hansen, Copenhagen Business School
  • Book: There Will Be the Devil to Pay
  • Online publication: 21 December 2024
  • Chapter DOI: https://doi.org/10.1017/9781009505307.001
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  • Introduction
  • Per H. Hansen, Copenhagen Business School
  • Book: There Will Be the Devil to Pay
  • Online publication: 21 December 2024
  • Chapter DOI: https://doi.org/10.1017/9781009505307.001
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Introduction
  • Per H. Hansen, Copenhagen Business School
  • Book: There Will Be the Devil to Pay
  • Online publication: 21 December 2024
  • Chapter DOI: https://doi.org/10.1017/9781009505307.001
Available formats
×