Convergence of Financial Systems and Regulatory Policy Chanllenges in Europe and in the United States

C Dziobek and J Garrett

Working Papers from American Institute for Contemporary German Studies-

Abstract: German unconstrained universal banking and the US market-based financial system are converging towards a middle ground but major obstacles remain. Full scale universal banking is beginning in the US but regulators are unprepared for the capital market consequences. Efforts to expand market finance in Germany have had modest success.

Keywords: GERMANY; UNITED STATES; BANKS; CENTRAL BANKS (search for similar items in EconPapers)
JEL-codes: E58 G20 G21 (search for similar items in EconPapers)
Pages: 39 pages
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:fth:amiger:19

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