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Fohlin, Caroline **I am grateful to David Soskice (Wissenschaftszentrum Berlin) and Martin Hellwig (University of Mannheim) for their kind hospitality and input during the drafting of this paper. I also thank Lance Davis, Jeremy Edwards, Barry Eichengreen, Takeo Hoshi, John Latting, Larry Neal, Richard Sylla, Eugene White, two anonymous referees, and participants at the International Business History Conference in Glasgow (1999) for helpful comments or discussions. Financial support from the National Science Foundation (Grant SBR-9617799) and the Fulbright Commission is acknowledged with thanks. |