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Banking on Markets – The Transformation of Bank-State Ties in Europe and Beyond - Oxford Scholarship Online
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Banking on Markets: The Transformation of Bank-State Ties in Europe and Beyond

Rachel A. Epstein


States and banks have traditionally maintained close ties. At various points in time, states have used banks to manage their economies and soak up government debt, while banks enjoyed regulatory forbearance, restricted competition and implicit or explicit guarantees from their home governments. The political foundations of banks have thus been powerful and enduring, with actors on both sides of the aisle reluctant to sever relations. The central argument of this book, however, is that in the world’s largest integrated market, Europe, political ties between states and banks have been transforme ... More

Keywords: bank–state ties, foreign bank ownership, post-communist transition, monetary union, European Banking Union, economic crisis, economic volatility, national economic policy autonomy

Bibliographic Information

Print publication date: 2017 Print ISBN-13: 9780198809968
Published to Oxford Scholarship Online: September 2017 DOI:10.1093/oso/9780198809968.001.0001


Affiliations are at time of print publication.

Rachel A. Epstein, author
Josef Korbel School of International Studies, University of Denver, Professor of International Relations and European Politics