Banking in Transition: East Germany after Unification (Studies in Economic Transition)
Banking in Transition: East Germany after Unification (Studies in Economic Transition) by G. Robins
English | 2014 | ISBN: 1349412449, 9781349412440 | 287 Pages | PDF | 1.37 MB
English | 2014 | ISBN: 1349412449, 9781349412440 | 287 Pages | PDF | 1.37 MB
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.