Leiden University Student Repository

Reppmann, Paula (2020)

Finance Rules? The Resilience of Neoliberalism in German Financial Regulation - A Case Study of the Cum-Ex Tax Scandal and the Financial Transaction Tax

Master thesis | International Relations (MA)

While theoretical literature on Varieties of Capitalism routinely labels Germany as an instance of a coordinated market economy, the apparent inability or unwillingness of the country’s government to address deleterious effects and risks of financialisation raises important questions about the character of the country’s economic governance and how and to what extent it may be changing and why. Germany – the centre of Euro-capitalism - has failed to hold its banks accountable for various incidents of questionable behaviour during, before, and after the crisis, also in the context of the Cum-Ex tax scandal and the non-implementation of a financial transaction tax. While attempts at regulating finance have been ineffective in most countries, it nonetheless remains mostly unclear why states fail in the face of increasing inequality and widespread voter discontent with recent developments in German and European capitalism.

Neoliberalism

CME

financialisation

Author

Reppmann, Paula

Faculty

Faculty of Humanities

Specialisation

Global Political Economy

Supervisors

London, Jonathan

ECTS Credits

15

Language

en