The article offers the first comprehensive account of relations between Germany and Switzerland in the years 1919 to 1931 based on archival sources from both countries. Emphasising the interaction between finance and diplomacy, it provides new insights into the role played by the Swiss offshore...

Research into the relationship between banking and industry has long held the view that banks had dominated their clientele from industry, trade and retailing and they had established a position of power that was almost impossible to reign in. More recent studies question this assessment and...

The history of German ship mortgage and ship Pfandbrief banks goes back to the end of the First World War. However, the financial crisis from 2007 to 2009 and even more so the current crisis in shipping prevented their business model from coming under increasing criticism. Firstly, this article...

Brexit poses an existential challenge the City of London as a European and global financial centre. The withdrawal of ‘passporting’ threatens the ability of financial institutions in London to sell services to customers in the EU, and this has prompted many predictions of London’s...

Ten years ago, the global financial and economic crisis began. In 2007, the hedge fund New Century Financial as well as the banks IKB Deutsche Industriebank and North-ern Rock were the first financial institutions and hedge funds to run into difficulties as a result of having en-gaged in...

Scholars, politicians and regulators have been racking their brains over this problem since 2007, the year the financial crisis broke out. The question of whether a fi-nancial system can even be stable in the first place has also emerged. And yet if there is one thing all know, it is that there...

The article treats the history of Germany’s Great Inflation from 1914 to 1923. It focusses on explaining the turning points of wholesale price trends. It demonstrates that these were mostly triggered by national and international political decisions immediately impacting the mark exchange...

Current theories of financial regulation suggest expanding rules-based formal state intervention to promote international banking stability. Such policy solutions should then be global in scope. This article instead argues that principles-based informal co- and self-regulation through domestic...

Keynesian-inspired macro regulation gained importance in West German economic policy from the mid-1960s and was enshrined in law through the Stability and Growth Act in 1967. In the context of the legislative process, the question arose as to what extent the Deutsche Bundesbank should be given...

This article analyses the Bank of England's (BoE) involvement in UK policy towards the European Monetary System (EMS) between 1979 and 1990. It outlines how scepticism about rigid monetarist approaches influenced the institution's stance towards the EMS. Despite internal disagreements, the BoE...