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Banking in Transition: East Germany After Unification
Hardcover
Series: Studies in Economic Transition
AccountingEconomicsGerman History
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ISBN10: 0333751353
ISBN13: 9780333751350
Publisher: Springer Nature
Published: Feb 17 2000
Pages: 287
Weight: 1.20
Height: 0.81 Width: 5.50 Depth: 8.50
Language: English
ISBN13: 9780333751350
Publisher: Springer Nature
Published: Feb 17 2000
Pages: 287
Weight: 1.20
Height: 0.81 Width: 5.50 Depth: 8.50
Language: English
The book asks whether transplanting banks can solve the problems involved in creating a well-functioning market economy from outside, looking especially at the virtually complete takeover of East German banks by their Western counterparts after unification. Drawing on a wide range of English and German sources, and fieldwork interviews across Germany, it argues that there are no quick fix solutions to transition to a market. Implications are discussed for East Germany and for other previously centrally planned economies, and the global implications of foreign ownership in banking are considered.
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