Banks, Finance and Investment in Germany

Banks, Finance and Investment in Germany
Author: Jeremy Edwards
Publisher: Cambridge University Press
Total Pages: 274
Release: 1996-01-26
Genre: Business & Economics
ISBN: 9780521566087

This book analyses the widely-held view of the merits of the 'bank-based' German system of finance for investment, and shows that this view is not supported by evidence from the post-war period. The institutional features of the German system are such that universal banks have control of voting rights at shareholders' meetings due to proxy votes, and they also have representation on companies' supervisory boards. These features are claimed to have two main benefits. One is that the German system reduces asymmetric information problems, enabling banks to supply more external finance to firms at a lower cost, and thus increasing investment. The other is that German banks are able to mould and control managements of firms on behalf of shareholders, and thus ensure that firms are run efficiently. This book assesses whether empirical evidence backs up these claims, and shows that the merits of the German system are largely myths.

Capitalism Against Capitalism

Capitalism Against Capitalism
Author: Michael Albert
Publisher: John Wiley & Sons
Total Pages: 274
Release: 2009-01-27
Genre: Business & Economics
ISBN: 1870332547

Communism has collapsed. Capitalism has rid itself of the competition on which it thrives. But though now victorious, capitalism has become a threat. The future of us all may be shaped by the outcome of the conflict between capitalism as victor and capitalism as threat. Not only in Europe, but also in the US and Japan - and no doubt shortly in the Eastern countries too - the great debate is capitalism versus capitalism. On the one hand is the "neo-American" model based on individual achievement and short-term profits. On the other is the Rhine model practices in Switzerland, Germany, Benelux, Northern Europe and, partly, in Japan. In the Rhine model collective achievement and public concensus are seen as the keys to long-term success. The first is more seductive, the second more effective. These two opposing forms of capitalism are engaged in a war which, like all internal conflicts, involves both secrecy and even hypocrisy. The outcome of this struggle could affect the quality of life on all levels of society. The author of this book aims to provide a synthesis which will force the reader to consider the political and economic issues at stake towards the end of the century.

Germany

Germany
Author: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
Total Pages: 118
Release: 2016-06-29
Genre: Business & Economics
ISBN: 1475577737

This paper evaluates the risks and vulnerabilities of the German financial system and reviews both the German regulatory and supervisory framework and implementation of the common European framework insofar as it is relevant for Germany. The country is home to two global systemically important financial institutions, Deutsche Bank AG and Allianz SE. The system is also very heterogeneous, with a range of business models and a large number of smaller banks and insurers. The regulatory landscape has changed profoundly with strengthened solvency and liquidity regulations for banks (the EU Capital Requirements Regulation and Directive IV), and the introduction of macroprudential tools.

Varieties of Capitalism

Varieties of Capitalism
Author: Peter A. Hall
Publisher: Oxford University Press
Total Pages: 557
Release: 2001
Genre: Business & Economics
ISBN: 0199247749

Applying the new economics of organisation and relational theories of the firm to the problem of understanding cross-national variation in the political economy, this volume elaborates a new understanding of the institutional differences that characterise the 'varieties of capitalism' worldwide.

How Nations Succeed: Manufacturing, Trade, Industrial Policy, and Economic Development

How Nations Succeed: Manufacturing, Trade, Industrial Policy, and Economic Development
Author: Murat A. Yülek
Publisher: Springer
Total Pages: 304
Release: 2018-08-02
Genre: Business & Economics
ISBN: 9811305684

This book assesses developmental experience in different countries as well as British expansion following the industrial revolution from a developmental perspective. It explains why some nations are rich and others are poor, and discusses how manufacturing made economies flourish and spur economic development. It explains how today’s governments can design and implement industrial policy, and how they can determine economically strategic sectors to break out of Low and Middle Income Traps. Closely linked to global trade and (im)balances, industrialization was never an accident. Industrialization explains how some countries experience export-led growth and others import-led slowdowns. Many confuse industrialization with the construction of factory buildings rather than a capacity and skill building process through certain stages. Industrial policy helps countries advance through those stages. Explaining technical concepts in understandable terms, the book discusses the capacity and limits of the developmental state in industrialization and in general in economic development, demonstrating how picking-the-winner type focused industrial policy has worked in different countries. It also discusses how industrial policy and science, technology and innovation policies should be sequenced for best results.

Ordering Violence

Ordering Violence
Author: Paul Staniland
Publisher: Cornell University Press
Total Pages: 318
Release: 2021-12-15
Genre: Political Science
ISBN: 1501761129

In Ordering Violence, Paul Staniland advances a broad approach to armed politics—bringing together governments, insurgents, militias, and armed political parties in a shared framework—to argue that governments' perception of the ideological threats posed by armed groups drive their responses and interactions. Staniland combines a unique new dataset of state-group armed orders in India, Pakistan, Burma/Myanmar, and Sri Lanka with detailed case studies from the region to explore when and how this model of threat perception provides insight into patterns of repression, collusion, and mutual neglect across nearly seven decades. Instead of straightforwardly responding to the material or organizational power of armed groups, Staniland finds, regimes assess how a group's politics align with their own ideological projects. Explaining, for example, why governments often use extreme repression against weak groups even while working with or tolerating more powerful armed actors, Ordering Violence provides a comprehensive overview of South Asia's complex armed politics, embedded within an analytical framework that can also speak broadly beyond the subcontinent.

Economic Security: Neglected Dimension of National Security ?

Economic Security: Neglected Dimension of National Security ?
Author: National Defense University (U S )
Publisher: Government Printing Office
Total Pages: 132
Release: 2011-12-27
Genre: Business & Economics
ISBN:

On August 24-25, 2010, the National Defense University held a conference titled “Economic Security: Neglected Dimension of National Security?” to explore the economic element of national power. This special collection of selected papers from the conference represents the view of several keynote speakers and participants in six panel discussions. It explores the complexity surrounding this subject and examines the major elements that, interacting as a system, define the economic component of national security.

Efficiency, Finance, and Varieties of Industrial Policy

Efficiency, Finance, and Varieties of Industrial Policy
Author: Akbar Noman
Publisher: Columbia University Press
Total Pages: 527
Release: 2016-11-29
Genre: Business & Economics
ISBN: 0231542771

Industrial policy, once relegated to resource allocation, technological improvements, and the modernization of industries, should be treated as a serious component of sustainability and developmental economics. A rich set of complimentary institutions, shared behavioral norms, and public policies have sustained economic growth from Britain's industrial revolution onwards. This volume revisits the role of industrial policy in the success of these strategies and what it can offer developed and developing economies today. Featuring essays from experts invested in the expansion of industrial policies, topics discussed include the most effective use of industrial policies in learning economies, development finance, and promoting investment in regional and global contexts. Also included are in-depth case studies of Japan and India's experience with industrial policy in the banking and private sector. One essay revisits the theoretical and conceptual foundations of industrial policy from a structural economics perspective and another describes the models, packages, and transformation cycles that constitute a variety of approaches to implementation. The collection concludes with industrial strategies for facilitating quality growth, realizing more sustainable manufacturing development, and encouraging countries to industrialize around their natural resources.

Faith in Freedom

Faith in Freedom
Author: Andrew R. Polk
Publisher: Cornell University Press
Total Pages: 268
Release: 2021-12-15
Genre: History
ISBN: 150175923X

In Faith in Freedom, Andrew R. Polk argues that the American civil religion so many have identified as indigenous to the founding ideology was, in fact, the result of a strategic campaign of religious propaganda. Far from being the natural result of the nation's religious underpinning or the later spiritual machinations of conservative Protestants, American civil religion and the resultant "Christian nationalism" of today were crafted by secular elites in the middle of the twentieth century. Polk's genealogy of the national motto, "In God We Trust," revises the very meaning of the contemporary American nation. Polk shows how Presidents Franklin D. Roosevelt, Harry S Truman, and Dwight D. Eisenhower, working with politicians, advertising executives, and military public relations experts, exploited denominational religious affiliations and beliefs in order to unite Americans during the Second World War and, then, the early Cold War. Armed opposition to the Soviet Union was coupled with militant support for free economic markets, local control of education and housing, and liberties of speech and worship. These preferences were cultivated by state actors so as to support a set of right-wing positions including anti-communism, the Jim Crow status quo, and limited taxation and regulation. Faith in Freedom is a pioneering work of American religious history. By assessing the ideas, policies, and actions of three US Presidents and their White House staff, Polk sheds light on the origins of the ideological, religious, and partisan divides that describe the American polity today.