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Until Further Notice: Emergency Decisions in Money and Credit and the Records of Their End, c. 1750 BC – AD 2023

When an authority stops a payment, closes the banks, lends to a failing market or forgives a debt, it usually says the measure is for now. This study reads twenty-four of Skeptron's records of such emergency acts, from a law of Hammurabi's reign to the rescue of Credit Suisse in 2023, beside the words their actors wrote, and codes eighty-four on the same fields. It asks whether a record says how long the act was meant to last, on what condition it would end, and who paid while it stood. Most records keep the act and lose its end; fewer still name who bore its cost. The actors' own texts, where they survive, often say more: a proclamation that named its days, a central bank's exception with an expiry date, an ordinance that gave itself six months.

Episodes

  1. Episode 1Suspended Until When? Gold in 1797 and 1931
  2. Episode 2Closed by Order: The Panics of 1907 and 1933
  3. Episode 3To Lend or Not: Lehman 2008 and LTCM 1998
  4. Episode 4One Weekend, Two Banks: SVB and Credit Suisse, 2023
  5. Episode 5Announced on a Weekend: Nixon 1971 and Volcker 1979
  6. Episode 6Law Is Not Opening: The Fed 1913 and the IMF 1944
  7. Episode 7Release and Its Silences: Solon and Hammurabi
  8. Episode 8Who Is Blamed: Diocletian 301 and the South Sea 1720
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