"Using Germany as a focal point, this book asks whether foreign banks can solve the problems involved in creating a well-functioning market economy. Drawing on extensive interviews, as well as a range of English and German sources, it argues that there are no quickfix solutions …
"Using Germany as a focal point, this book asks whether foreign banks can solve the problems involved in creating a well-functioning market economy. Drawing on extensive interviews, as well as a range of English and German sources, it argues that there are no quickfix solutions …
On 1 July 1990, some 16 million East Germans awoke to a new set of laws, a new currency, and a new banking system. The East German commercial banking system was purchased by the two largest West German banks, the Deutsche Bundesbank became the central bank, and soon all that rem…