Die Krise but not La Crise? The Financial Crisis and the Transformation of German and French Banking Systems
Bibliographic Data
| ID | 6282808 |
|---|---|
| Authors | Iain Hardie (0000-0002-4694-3755, University of Edinburgh, corresponding author), David Howarth (0000-0003-2697-165X, University of Edinburgh, corresponding author) |
| Year | 2009 |
| Volume | 47 |
| Issue | 5 |
| Pages | 1017-1039 |
| Publication date | 2009-11-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | JCMS Journal of Common Market Studies (JOURNAL) |
| Journal identifiers | ISSN: 0021-9886 • E-ISSN: 1468-5965 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1468-5965.2009.02033.x |
| OpenAlex | W2162465296 |
| Language | EN |
| Citations received | 50 |
| References cited | 15 |
This article explores what the financial crisis shows about changes in the German and French banking systems, the two largest in continental Europe. In particular, we highlight processes of financialization – defined here as the increased trading of risk. We focus on an apparent contradiction: why did the supposedly more protectionist and conservative German banking system suffer much higher losses than the more liberalized French system? This article also examines the responses of German and French banks and governments to the crisis and speculates how far these responses might limit future financialization and shape national banking systems
Contradiction · Economic history · Economics · Economy · Financial crisis · Financial system · Financialization · Geography · German · Keynesian economics · Market economy · Political science · Protectionism · European Socioeconomic and Political Studies · Global Financial Regulation and Crises · Housing, Finance, and Neoliberalism
Staatskapitalismus in NRW und Bayern
The alternative financialization of the German housing market
Macro level matters
Small States and the Global Economic Crisis
Varieties of Strategies
The Global Financial Crisis in Comparative Perspective
Enduring capital flow constraints and the 2007–2008 financial and euro zone crises
Comparative Capitalisms, Ideational Political Economy and French Post- Dirigiste Responses to the Global Financial Crisis
German Finance Capitalism
The ‘Old’ and ‘New’ Politics of Financial Services Regulation in the European Union
Non-market cooperation and the variety of finance capitalism in advanced democracies
Protection of domestic bank ownership in France and Germany
Extroverted financialization
A more German Italy? Competition and the development of relationship lending
Banking union under construction
Banks and the political economy of the sovereign debt crisis in Italy and Spain
An empirical investigation of the financialization convergence hypothesis
French capitalism under stress
The role of banks and the state in the shaping of the French fund industry
The Road to Financialization in Central and Eastern Europe
From “Communautaire Spirit” to the “Ghosts of Maastricht”
Banking on Stability
The politics of an ‘incomplete’ Banking Union and its ‘asymmetric’ effects
Modelos de financiarización de las pensiones en cuatro estados de bienestar europeos
Regulatory Opportunism
Completing Banking Union? The Role of National Deposit Guarantee Schemes in Shifting Member States' Preferences on the European Deposit Insurance Scheme
The ‘Old’ and ‘New’ Political Economy of Hedge Fund Regulation in the European Union
The Steep Road to European Banking Union
The ‘British Plan’ as a Pace‐Setter
How Domestic Politics Shaped the French Government's Position During the Euro Crisis
Between a Rock and a Hard Place
Bank Rescue Schemes in Continental Europe
Explaining Policy Responses to Danish and Irish Banking Failures during the Financial Crisis
Internal Market
European Perspectives on the Global Financial Crisis
France and the International Financial Crisis
Varieties of Liberalism
Making sense of financialization
Banks and the False Dichotomy in the Comparative Political Economy of Finance
EU ring-fencing and the defence of too-big-to-fail banks
Internationalised banking, alternative banks and the Single Supervisory Mechanism
Oh, what a tangled web we weave
Did Recent Experience of a Financial Crisis Help in Coping with the Current Financial Turmoil? The Case of the Nordic Countries
The Global Financial Crisis
The Old and the New Politics of International Financial Stability
Banking Nationalism and Resolution in Italy and Spain
The Financial Consequences of Export-led Growth in Germany and Italy
The Art of Compromise
Financial and Economic Crisis
Banks beyond borders
Finance Capitalism Unveiled
Financialization and the World Economy
Governments, Markets, and Growth
The ‘British Plan’ as a Pace‐Setter
Did Recent Experience of a Financial Crisis Help in Coping with the Current Financial Turmoil? The Case of the Nordic Countries
UK Economic Policy and the Global Financial Crisis
Acting out institutional change
The financialization of the American economy
Financial systems, corporate control and capital accumulation
A transformation in the French model of shareholding and management
| Unique citing works | 50 |
|---|---|
| Citations per year | 2,94 |
| Citation span | 2009 - 2024 (16) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 50 |