This paper focuses on the immediate economic and systemic reasons of steadily increasing local government indebtedness and investment overheating in China. These two phenomena emerged between 2008 and 2011 as a direct consequence of an external shock caused by the global crisis and the...

The recent steel conflict between the USA and Europe has once again dramatically highlighted the close links between political and economic strategies in this field. The world-wide steel crisis has provoked permanent state intervention in the steel industry. The forms taken by this intervention...

This paper is one of the first to analyse political influence on state-owned savings banks in a developed country with an established financial market: Germany. Combining a large dataset with financial and operating figures of all 457 German savings banks from 1994 to 2006 and information on...