Wherever there are banks, there are bank failures and banking crises. Was there a fourth century banking crisis? Why did banks fail in Classical Athens? How did they fail? Did Classical Athens have a resolution authority or deposit guarantee scheme? 0:00 – Intro 0:33 Demosthenes 33 – Pasion’s bank’s survival amidst failures 2:50 a 4th century systemic banking crisis? 5:48 Demosthenes 36 – bank insolvency in action 14:45 Deposit guarantee schemes? 18:05 Wrap up – small enough to fail? Primary Sources: - Demosthenes 33, 36. Secondary Souces MacDowell, Demosthenes Speeches 27-38 Cohen, Athenian Economy and Society: a Banking Perspective Boegart, - Die Krise der Banken in Athen im 4. Jahrhundert v.u. Z. (in Hellenische Poleis, ed Welskopf) Note: captions not yet edited #toobigtofail #banking #bankcrisis #bankfailure #ancientgreece #ancientgreek #classics #ancientgreece #toobigtofail #classics #banking #bankfailure #bankcrisis... ( read more )
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Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)