MERCATOR is a five year (2020-2025) research project financed by an Advanced Grant from the European Research Council. The research explores the extent to which the memory of previous financial crises can explain practices threatening the stability of the financial system.

The project analyses how the most severe financial shocks of the last hundred years (1929-33, 1982, 1997, and 2007-9) have been remembered, and retraces memory by exploring five interrelated areas: senior bankers’ own views on financial crises; a collective biography of the financial elite in the late 20th and early 21st  century; the vision of financial crises prevailing in the financial world and its evolution in the second half of the 20th century; the place of financial crises in the teaching of economics and finance; and the role of history and memory in the process of financial regulation.

By focusing on financial actors and combining economic history and cultural history, MERCATOR aims to propose a new vision of financial crises, focused on financial actors, and provide a missing link in the understanding of their recurrence and contribute to the ongoing search for greater financial stability.

Diego Rivera – Frozen assets, 1931