Despite changes in production networks, welfare state institutions or global finance, Germany's growth model still rests on its unique three-pillar banking system with its strong position of public and cooperative banks. This chapter takes a close look at German savings banks and reassesses the...

The international financial crisis that began in 2006/2007 continues to threaten economic stability in many parts of the world including the United States and Europe. The paper explores how the financial crisis conforms to or challenges two models of capitalism by comparing efforts by Germany...

The paper considers how the Treuhandanstalt's legal identity as both a publicand private entity helps to explain the process of privatization or creation of property by the state after 1989. I argue the agency did not easily fit within the rigid categories of the German legal system. Moreover,...