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

Author

Listed:
  • Dziobek, C
  • Garrett, J

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.

Suggested Citation

  • Dziobek, C & Garrett, J, 1996. "Convergence of Financial Systems and Regulatory Policy Chanllenges in Europe and in the United States," Papers 19, American Institute for Contemporary German Studies-.
    • Handle: RePEc:fth:amiger:19
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    More about this item

    Keywords

    GERMANY ; UNITED STATES ; BANKS ; CENTRAL BANKS;
    All these keywords.

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G20 - Financial Economics - - Financial Institutions and Services - - - General

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