Why does a prestigious emission house emit a loan for a peripheral state? The house of Rothschild and the Greek guaranteed loan of 1833

Bibliographic Data

ID8418296
AuthorsKorinna Schönhärl (0000-0002-7967-3261, Historical Institute, Goethe-University, Frankfurt, Germany, corresponding author)
Year2021
Volume63
Issue4
Pages557-573
Publication date2021-05-19
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueBusiness History (JOURNAL)
Journal identifiersISSN: 0007-6791 • E-ISSN: 1743-7938
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/00076791.2019.1593373
OpenAlexW2941537657
LanguageEN
Citations received1
References cited27

How did bankers make their investment decisions, for example to issue a state loan for a peripheral country? This in-depth case study investigates the question of the Greek loan of 1833, issued by Rothschilds. The main interest is to reconstruct James de Rothschild’s risk perception and decision making process, expressed in the argumentation vis-à-vis his family. The significance of the guarantee of the protecting powers, which was without precedent, is considered by James as well as the competitive situation on the bond market, the relationship of the Rothschilds with leading politicians of the time, and the special significance of Greece in the period of intensive European philhellenism. The paper argues that in-depth studies of bankers’ risk perception are necessary to illuminate the complexity of their decision-making

Actuarial science · Argumentation theory · Bond · Economics · Epistemology · Investment (military · Linguistics · Loan · Perception · Political science · Politics · Rothschild · State (computer science · Computer Science · Economic, financial, and policy analysis · Finance · Global Financial Crisis and Policies · Law · Market Dynamics and Volatility · Philosophy

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