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Bank industry linkages: models for Eastern European economic restructuring

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This paper considers three approaches to the issue of bank-industry linkages : the Japanese keiretsu approach, the Anglo-American capital markets approach, and the German universal banking approach. We examine the strengths and weaknesses of each approach, and assess its potential as an appropriate arrangement in the Eastern European context. We conclude that the Japanese and german approaches have much to recommend them under the conditions of profound economic transformation found in Eastern Europe, although they may not be the end-point of the search for an optimum corporate monitoring and control. We place as a platform for sustained economic growth in Eastern Europe alongside other institutional imperatives, most notably assured export market access.

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en

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application/pdf

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http://flora.insead.edu/fichiersti_wp/inseadwp1992/92-46.pdf

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