Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Banking on the State: The Political Economy of Public Savings Banks

Banking on the State: The Political Economy of Public Savings Banks

Cassell, Mark K.

Hardcover

Series: Finance Matters, Book 3

AccountingInvesting & FinanceGeneral Political Science

Currently unavailable to order

ISBN10: 1788211952
ISBN13: 9781788211956
Publisher: Agenda Publishing
Published: Oct 15 2020
Pages: 160
Weight: 0.85
Height: 0.70 Width: 6.10 Depth: 9.30
Language: English
Germany's public savings banks - Sparkassen - are a remarkable and puzzling phenomena. No other advanced industrial country relies as heavily on such small, public financial institutions to fuel its economy and how is it that such small institutions can drive one of the biggest and most successful economies in the world?

In theory, their diminutive size should hinder their ability to function in an environment where they compete with the capital and muscle of major international banks. Yet at the height of the financial crisis, when other banks drastically reduced lending, new loans made by Sparkassen increased as they continued to provide liquidity and lend to start-up firms. How have they managed to survive the economic turmoil and global pressures of the last few decades? What has enabled them to stay at the heart of the German economy? In a period of neoliberal too-big-to-fail thinking, how have these relics of an ordoliberal past managed to flourish?

Mark Cassell answers these and many other questions in his exploration of the unique entity that is Germany's public savings bank system and the lessons it offers to banking systems worldwide.

1 different editions

Also available

Also in

Accounting

View All