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- W3124549409 abstract "A widely held view is that, since the 1970s, the nation-state has suffered a significant reduction in its capacity to achieve national economic policy goals through the regulation of the system; as a result, national political economies are now characterized by a market-driven convergence towards systems dominated by privately-owned, internationally-active financial supermarkets with weak links to both industry and government. Through a comparison of Germany and Great Britain, this paper critically examines this thesis and poses the following two questions: (1) What implications do the lifting of capital and exchange controls and the reorientation of monetary policy to anti-inflationary policies have for the state's capacity to regulate systems? and (2) What implications does this regulatory discretion (if any) have for industrial finance and the state's capacity to utilize the system to achieve microeconomic industrial policy goals? In response to these questions, it is demonstrated how the state has retained significant regulatory autonomy in ways which have significant consequences for industrial finance and industrial policy." @default.
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- W3124549409 date "1995-01-01" @default.
- W3124549409 modified "2023-09-27" @default.
- W3124549409 title "Financial systems and industrial policy in Germany and Great Britain: the limits of convergence" @default.
- W3124549409 hasPublicationYear "1995" @default.
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