Author Description

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.