The current US financial crisis that began in 2008 has been depicted in the media as the first great financial crisis since the advent of the Great Depression in 1929. Yet, financial crises have occurred for centuries. The solutions taken, and more significantly, the solutions sanctioned by international financial institutions, are very different depending on where the crisis occurs. The seminar will review causes of a financial crisis before turning to an examination of how the notion of financial crisis is played out geographically – the similarities but also the differences in how the previous crises were treated.
Seminar led by Helen Roberts, University of Illinois at Chicago