商品敘述：

Explores the causes and consequences of transforming Germany''s bank-oriented financial system into one more oriented to capital markets. The economics of globalization, international accords such as Basel II, EU financial policies, and Germany''s own regulatory reforms struck to the heart of its traditional, relationship-banking model. The outcry against these reforms grew so great that the German chancellor, Gerhard Schroder, announced that Basel II was not acceptable for Germany, especially because it affected the financing of Mittelstand (small and medium-size firms), the backbone of the German economy. With the economy stagnating, unemployment rising, job creation stalling, bankruptcies reaching record rates, the budget deficit rising, and German banks increasingly suffering from a simultaneous structural and earnings crisis, German banks and businesses wondered what the future had in store for them.

涵蓋領域：

International banking;Capital markets;Bank loans;Corporate governance;Small & medium-sized enterprises;Financial crisis;Banks

相關資料：

Case Teaching Note, (5-706-050), 23p, by Jeffrey Fear

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