Banking on Global Markets

ISBN-13: 9780521863254 / Angielski / Twarda / 2008 / 512 str.

Christopher Kobrak

Opis

Banking on Global Markets uses the story of the U.S. business and political dealings of Germany s largest bank to illuminate important developments in the ongoing globalization of major financial institutions. Throughout its nearly 140-year-long history, Deutsche Bank served as one of Germany s principal vehicles for forging economic and other links with the rest of the world. Despite some early successes in the face of severe obstacles for Deutsche Bank, the U.S. market probably remained Deutsche Bank s highest foreign priority and its most frustrating challenge. As with many foreign investors, Deutsche Bank found its hopes of harnessing America s enticing opportunities often dashed by many regulatory and political barriers. Relying on primary-source material, Banking on Global Markets traces Deutsche Bank involvement with the United States in the context of a changing national and international regulatory and economic environment that set the stage for its strategies and activities in the United States, and, at times, even in its home country. It is the story of how international cooperation furthered and conflict hindered those endeavors, and how international banking evolved from a very personalized business between nations to one dominated by enormous transnational markets. It is a work designed for anyone interested in how cross-border flows of information and capital have affected history and how our modern form of globalization distinguishes itself from that of earlier periods. A professor of finance and writer of history, Christopher Kobrak weaves together how these financial, political, and institutional developments have helped shape the emerging new international order."

Recenzje

"...meticulously researched." -Mark S. LeClair, Eastern Economic Journal

Spis treści

1. Overview of the title and terrain; Part I. On Golden Chariots - Deutsche Bank's US Business 1870 to 1914: 2. First steps; 3. Deutsche Bank and American electrification; 4. The Northern Pacific bankruptcy saga; 5. The fallout; 6. Other transportation and commercial investments; 7. A taste for start-ups; 8. Transitions; Part II. Deutsche Bank and the US During 'Great Disorder' - 1914–57: 9. Personal, communication, and financial breakdowns; 10. War supplies, espionage, and expropriation; 11. Salvaging assets and business prophets in the war's immediate aftermath; 12. Deutsche Bank and reestablishing financial flows; 13. Deutsche Bank and the collapse of the fragile world economic order; 14. Second Phoenix; Part III. Renewal and Re-entry - 1957–2000: 15. Divisive issues and the making of a new financial landscape; 16. From Abs to Kopper and from joint ventures to branching; 17. Bankers' trust; 18. Postscript: Deutsche Bank in the US and the future of multinational banking.