Trade Rules and Global Governance: a Long Term Agenda
French-German Economic Forum
The purpose in the paper "a Long Term Agenda" is to argue that there is much more in the current anti-globalisation crusade than the sheer amplification of anti- capitalist ideologies through media coverage and the Internet. The approach taken in the paper about "The Future of Banking in Europe" is therefore to outline an informal microeconomic framework or "model" for the future of continental European banking. Its structure is summarised in Figure 1 at the end of the paper. Besides being informal and incomplete, this "model" has some weaknesses. Firstly, to a certain extent the intermediary variables are themselves features of banking systems which are partially observable. Secondly, they are not independent of one another. Furthermore, the lists of external factors, of intermediary variables and of observable attributes are incomplete; and last but certainly not least, the links between the elements are incomplete and highly speculative. Nevertheless, I hope that this framework will serve the purpose of structuring my presentation and the ensuing discussion.
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