Die Krise but not La Crise? The financial crisis and the transformation of German and French banking systems

Reference : Die Krise but not La Crise? The financial crisis and the transformation of German and...


	Document type :	Scientific journals : Article
	Discipline(s) :	Business & economic sciences : Finance
	To cite this reference:	http://hdl.handle.net/10993/17422

Title :	Die Krise but not La Crise? The financial crisis and the transformation of German and French banking systems
Language :	English
Author, co-author :	Howarth, David [University of Luxembourg > Faculty of Language and Literature, Humanities, Arts and Education (FLSHASE) > Identités, Politiques, Sociétés, Espaces (IPSE) >]
	Hardie, Iain []
Publication date :	2009
Journal title :	Journal of Common Market Studies
Publisher :	Blackwell Publishing
Volume :	47
Issue/season :	5
Pages :	1015-1036
Peer reviewed :	Yes (verified by ORBi^lu)
Audience :	International
ISSN :	0021-9886
Keywords :	[en] Banking Systems ; Financial Crisis ; Financialization
Abstract :	[en] This article explores what the financial crisis shows about changes in the German and French banking systems, the two largest in continental Europe. In particular, we highlight processes of financialization – defined here as the increased trading of risk. We focus on an apparent contradiction: why did the supposedly more protectionist and conservative German banking system suffer much higher losses than the more liberalized French system? This article also examines the responses of German and French banks and governments to the crisis and speculates how far these responses might limit future financialization and shape national banking systems.
Target :	Researchers ; Professionals ; Students ; General public
Permalink :	http://hdl.handle.net/10993/17422

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