Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/203147
Authors: 
Detzer, Daniel
Year of Publication: 
2019
Series/Report no.: 
Working Paper No. 122/2019
Abstract: 
This article examines the spread of financialization in Germany before the financial crisis. It provides an up-to date overview on the literature on financialization and reviews which of the phenomena typically associated with financialization have emerged in Germany. In particular, the article aims to clarify how the prevailing institutional structure and its changes had contributed to or had countervailed the spread of financialization and how it had shaped the specific German variant of financialization. For this end, it combines the rich literature on Germany's institutional structure with the more macroeconomic oriented literature on financializaton. With the combination of those different perspectives the article sheds light on the reasons for the spread of financialization and the specific forms it has taken in Germany.
Subjects: 
Banking
Corporate Governance
Financialization
Financial Sector
Financial Regulation
Varieties of Capitalism
JEL: 
E44
F40
G20
G30
K22
Document Type: 
Working Paper

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