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Banks and Industry: Lessons from History?

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European Economic Integration as a Challenge to Industry and Government

Abstract

The topic of this paper is an evergreen of economic historiography. Few texts on German economic history fail to cover the “Banks and Industry” nexus, and the same theme is now an established part of the wider field of European economic history. Motivation for this chronic concern lies both in the suspicion that differing bank behavior and structures could be responsible for country differences in the pace and character of economic development, and in the difficulty of verifying (or falsifying) that suspicion. In recent years great interest has attached to the question of institutional structures, in particular to the comparative analysis of universal banking and specialized banking systems, more generally, to the relative merits of “bank-oriented” vs. “market-oriented” financial systems. I believe that this question is relevant to current problems of European economic integration, not only because it could bear on country differences in economic development, but also because institutional differences in banking structures may influence the volume and stability of international financial flows.

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  1. Richard Tilly
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Editors and Affiliations

  1. Institut für Wirtschafts- und Sozialgeschichte, University of Münster, Hüfferstraße 1a, D-48149, Münster, Germany

    Richard Tilly

  2. Wirtschafts- und Sozialwissenschaftliche Fakultät Lehrstuhl Wirtschaftspolitik/Internationale Beziehungen, University of Potsdam, August-Bebel-Str. 89, D-14482, Potsdam, Germany

    Paul J. J. Welfens

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Tilly, R. (1996). Banks and Industry: Lessons from History?. In: Tilly, R., Welfens, P.J.J. (eds) European Economic Integration as a Challenge to Industry and Government. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-80014-6_20

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  • DOI: https://doi.org/10.1007/978-3-642-80014-6_20

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