The Puzzle of Contemporary Banking
Published online by Cambridge University Press: 07 August 2025
Why have European banks embarked on a radical transformation in which they became deeply dependent on US financial markets, a relationship they are ill-equipped to manage and less likely to overcome? This chapter introduces and summarises the book. It outlines the debates about the Americanisation of global finance and presents the concept of extroverted financialisation to help explain US-led financialisation outside the US.
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