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Banking Transition: East Germany after Unification
Barnes and Noble
Banking Transition: East Germany after Unification
Current price: $109.99
Barnes and Noble
Banking Transition: East Germany after Unification
Current price: $109.99
Size: Hardcover
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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.