Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Decision Taking, Confidence and Risk Management in Banks from Early Modernity to the 20th CenturyThe “Reputation Approach” and the Justificatory Function of Economic Calculation. Some Critical Reflections on Monika Pohle Fraser’s Analysis of Risk Management Techniques in the Nineteenth Century

Decision Taking, Confidence and Risk Management in Banks from Early Modernity to the 20th... [In this article, Sebastian Knake gives an interpretation of formal risk calculations as a source of justification for industrial investment decisions in the case of fundamental uncertainty. Monika Pohle Fraser’s historical analysis of the risk management practices of German and French banks in the nineteenth century provides a basis. Knake first presents the central results of Pohle Fraser’s unpublished dissertation and discusses the theoretical implications of her conclusions. Knake then compares her approach with the theoretical assumptions of the justification theory included in the ‘Économie des Conventions’. He proposes the analysis of justification discourses as a way to better understand the processes that lead to investment decisions. Finally, Knake tests his proposal on a short example from his own empirical work on the Braunschweigische Staatsbank in the 1950s.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Decision Taking, Confidence and Risk Management in Banks from Early Modernity to the 20th CenturyThe “Reputation Approach” and the Justificatory Function of Economic Calculation. Some Critical Reflections on Monika Pohle Fraser’s Analysis of Risk Management Techniques in the Nineteenth Century

Download PDF
24 pages

Loading next page...
 
/lp/springer-journals/decision-taking-confidence-and-risk-management-in-banks-from-early-ctzAU4KxAN

References (37)

Publisher
Springer International Publishing
Copyright
© The Editor(s) (if applicable) and The Author(s) 2017
ISBN
978-3-319-42075-2
Pages
147 –171
DOI
10.1007/978-3-319-42076-9_7
Publisher site
See Chapter on Publisher Site

Abstract

[In this article, Sebastian Knake gives an interpretation of formal risk calculations as a source of justification for industrial investment decisions in the case of fundamental uncertainty. Monika Pohle Fraser’s historical analysis of the risk management practices of German and French banks in the nineteenth century provides a basis. Knake first presents the central results of Pohle Fraser’s unpublished dissertation and discusses the theoretical implications of her conclusions. Knake then compares her approach with the theoretical assumptions of the justification theory included in the ‘Économie des Conventions’. He proposes the analysis of justification discourses as a way to better understand the processes that lead to investment decisions. Finally, Knake tests his proposal on a short example from his own empirical work on the Braunschweigische Staatsbank in the 1950s.]

Published: Jan 27, 2017

Keywords: Board Member; Investment Decision; Supervisory Board; Banking Community; Universal Bank

There are no references for this article.