A state of supervision: the political economy of banking regulation in Germany, 1900s–1930s

Journal article

Abstract:: This article examines debates over banking regulation in Germany that culminated in the 1934 Reich Banking Law. Existing accounts have traced its origins to the 1931 banking crisis or the 1933 Nazi seizure of power. Yet, rather than the outcome of a single financial or political crisis, banking regulation was the product of longer-term discussions on national security, legal rationale, and financial globalization. Prior to World War I, officials expressed concerns over Germany's dependence on foreign capital, while later efforts to improve liquidity in the banking sector continued in the 1920s. The construction of a regulatory policy thus arose from a series of investigations into how to protect the German economy from foreign crises, thereby reflecting the interdependence of politics and finance.

Files:: Yee_2023_A_state_of.pdf

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Language:: English
Keywords:: economics

applied economics

historical studies

human resources and industrial relations

history heritage and archaeology

FFR

commerce management tourism and services
Pubs id:: 1582350
Local pid:: pubs:1582350
Deposit date:: 2024-02-15

Copyright holder:: Robert Yee
Rights statement:: Copyright © 2023 The President and Fellows of Harvard College. This is an Open Access article, distributed under the terms of the Creative Commons Attribution licence (https://creativecommons.org/licenses/by/4.0/), which permits unrestricted re-use, distribution, and reproduction in any medium, provided the original work is properly cited.

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