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Richard Deeg argues that despite global economic integration and considerable harmonization in the regulation of financial markets, the distinctive characteristics and economic functions of national financial systems are not inevitably undermined. Using the case of Germany - a country with a strong and distinctive financial sector that is at the center of the pressures of economic integration - the author shows how the unique aspects of the German financial sector and its relationship to the German economy have persisted notwithstanding powerful pressures to change. This book will appeal to political scientists and economists interested in international financial markets, globalization, and the comparative study of domestic financial markets, as well as students of German politics and the German economy.
of this book is that national financial systems retain distinctive characteristics and economic functions despite global economic integration and regulatory harmonization.** Richard Deeg, drawing on his expertise in political science and economics, examines the German financial sector as a case study. He utilizes detailed analysis of the German financial system's unique aspects and its relationship with the broader German economy to demonstrate how these elements have persisted against powerful pressures for change. The book presents a framework for understanding the resilience of national financial particularities in an increasingly globalized world.
The book is positioned to appeal to academics and students in political science, economics, and German studies. Its focus on the persistence of national financial systems amidst globalization suggests it offers a nuanced perspective for understanding contemporary economic structures. The detailed case study of Germany is likely to provide specific insights into how distinct national economic models can endure.
Page Count:
312
Publication Date:
1999-01-01
ISBN-10:
0472109367
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