3rd EABH Workshop for Young Scholars

Public Policies & the Direction of Financial Flows
Regional Development— Transition to Market Economies—integration into Processes of Economic Development The European Association for Banking and Financial History (EABH) e.V. & GRETHA Research Centre University of Bordeaux

Friday 16 March 2012, Bordeaux

Call for Papers
Many times in history, public authorities have decided to pursue economic policies (mainly development policies) by directing the financial flows of the economy. The central idea of the workshop is to study this phenomenon using a comparative approach. The basic question to be addressed is therefore: Why and how did non-market forces (states, local authorities, international authorities, technical bodies) manage to direct financial flows so as to achieve specific goals, mainly related to economic development? The motivations for adopting such policies need investigation: insufficiency of market forces, weakness of the financial institutions, a special macroeconomic context and the urgency to achieve certain goals are just some of the most common motivations to be studied, while considering the ideology of the policymakers. Communist countries, capitalist countries, middle-of-the-road countries, war economies: all share, to some degree, devices to direct financial flows. The scope of the inquiry will include banks, which extend credit, insurance companies, which invest their reserves, as well as financial markets (via authorisations to issue shares, for example, or even via forced lending to the state) and intergovernmental bodies dedicated to development. Such management of financial flows may be achieved with a great variety of instruments, from laws to plans to regulations to government decisions to moral suasion. Most often, these devices coexist with other forms of economic regulation (on prices, investments, foreign trade, etc.), yet the focus of the papers should be on financial flows and possibly on how the management of those interacted with other forms of regulation. The following questions are to be considered: • How were the authorities in charge of the direction of financial flows organised and how did they collect the relevant information? • Did these authorities actually attain their aims (through: assessments of the results of these policies including drawbacks, unwanted effects, interferences with other policies? • Which bodies produced the documents and the statistics that cover the subject? Why were they preserved or destroyed? • How to identify and follow the policies concerning the direction of financial flows? • How to determine the mindset and portfolio of skills of the people who devised and managed them? The transition of command economies to market economies in Eastern and Central Europe, in the Black Sea area or in Central Asia is part of this subject matter: • How did the ‘Transition Period’ since the fall of the Berlin Wall favour such trends to orient financial and capital flows towards this area? • How did the European Community set up and oversee such flows? • (Papers considering the role played by the Bank of Economic and Regional Development (BERD) or by the Black Sea Trade & Development Bank (BSTDB), for instance, would be very much appreciated.) • How did small and medium sized enterprises benefit from such earmarked financial flows? • How did modern forms of insurance take shape in these areas? Comparative approaches to the subject matter are encouraged, also by means of co-authorship. All papers of sufficient quality and relevance to the key issues will be presented at the EABH Conference in Bucharest in July 2012 and will be published in an academic publication under the copyright of EABH. Please submit papers by Monday 06 February 2012 to: info@bankinghistory.de www.eabh.info

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