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Banking in Transition: East Germany after Unification (Studies in Economic Transition) - Hardcover

 
9780312223922: Banking in Transition: East Germany after Unification (Studies in Economic Transition)
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This book examines whether transplanting banks from outside can solve the problems involved in creating a well-functioning market economy, looking especially at the virtual 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 for the transition to a market. Implications are discussed for East Germany and for other previously centrally planned economies, and for the global implications of foreign ownership in banking.

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Banking in Transition This book asks whether foreign banks can solve the problems involved in creating a well-functioning market economy, looking especially at the virtual complete takeover of East German banks by their Western counterparts after unification.
Review:

'An interesting new perspective on the role banks played during reunification. Clearly a valuable contribution to the current debate on the mistakes that were made following the fall of the Berlin wall.' - Dr. Oliver R.A. Prill, Financial Institutions Group, McKinsey & Co

'The wholesale transplant of West German institutions to East Germany after reunification offers a series of laboratory-style experiments rarely encountered in macroeconomic history. Robins' study of the banking sector is both pioneering and comprehensive, an invaluable snapshot of financial transition.' - Professor Peter Oppenheimer, Christ Church, Oxford

'As scholar and banker, Dr Robins contributes outstandingly to the debate on the deindustrialization of the Eastern Länder after unification by showing that successors to the GDR state banks - chiefly the Bundesbank and the two large West German commercial banks - were institutionally inadequate to supply the risk capital needed, leaving the East a profound drain on the tax-payer of the West.' - Professor Michael Kaser, Institute for German Studies, University of Birmingham

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  • PublisherPalgrave Macmillan
  • Publication date2000
  • ISBN 10 0312223927
  • ISBN 13 9780312223922
  • BindingHardcover
  • Number of pages309

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9781349412440: Banking in Transition: East Germany after Unification (Studies in Economic Transition)

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