German Confederation Research Articles

A Német Szövetség váltójogi jogalkotása és annak hatása az Osztrák Császárságra és a Magyar Királyságra

Among the 19th century’s European legislative and codification processes nowadays’ jurisprudence is happy to highlight the creation of civil codes as a milestone in the development of civil law, however, we must not forget the flourishing of another, at least as important branch of private law: the commercial law. In parallel with the growth of overland and sea trade, with increasingly diversified commercial relations, commercial transactions developed, which may have served as a good basis for the development of private law. This study is the first in a series of commercial law history studies and presents the sources of different laws on bills of exchange in the German territories and the harmonizing legislation of the thousand-faced German Confederation, as well as its impact on the Austrian Empire, such as the Austrian law on bills of exchange and the Hungarian Kingdom's vicious, but ultimately rewarding independent legislative aspirations.

The Influence of COVID-19 Pandemic Lockdown on the Physical Performance of Professional Soccer Players: An Example of German and Polish Leagues.

The purpose of this study was to investigate whether the in-season pandemic lockdown influenced physical match performance in professional soccer players who participated in the competition of German Bundesliga and Polish Ekstraklasa. The data from 306 games for German Bundesliga and 296 games for Polish Ekstraklasa were divided into before- and after-lockdown periods. The physical performance of German Bundesliga teams after the 63-day COVID-19 lockdown did not differ significantly from that in the first part of the season. In contrast, Polish Ekstraklasa teams, after the 81-day lockdown, displayed significantly shorter total distances (p < 0.001), shorter high-intensity running distances (p = 0.03), and fewer high-intensity actions (p = 0.02). Moreover, when the effective playing time was considered, teams covered significantly less relative total distance (p < 0.001) and relative high-intensity running distance (p = 0.02). The results of the current study suggest that physical performance during the matches of the German Bundesliga was not influenced by the COVID-19 lockdown, contrary to those of the Polish Ekstraklasa. This difference could have been caused by different break lengths and different restrictions implemented in these countries during the pandemic lockdown.

Home advantage in soccer after the break due to COVID-19 pandemic: does crowd support matter?

ABSTRACT The present study aimed to investigate the impact of the return of different European leagues and their divisions after the break due to the COVID-19 pandemic, without the crowd support, on home advantage (HA). Data from the first and second divisions of the 2016/2017, 2017/2018, 2018/2019 and 2019/2020 seasons of the German, Spanish, English and Italian leagues were analysed to obtain overall HA. As 2019/2020 season was interrupted due COVID-19 pandemic, we also calculated the home advantage in a fractional way: phases 1 and 2 played before and after the break, respectively. HA in first division of the German (F 3,51 = 4.86, P = .01, = 0.22, large) and Italian (F 3,57 = 4.50, P = .01, = 0.19, large) leagues were lower in 2019/2020 season compared with other seasons. Furthermore, HA decreased in phase 2 in four of the seven leagues and divisions analysed, with no advantage in first and second divisions Germany (45.1 ± 21.3%) and Italy (49.8 ± 18.5%), respectively. A positive correlation (0.82 ± 0.10; P < .01) and significant relationship (R 2: 0.69 ± 0.16; SEE: 4.36 ± 0.76; P < .01) were found between HA and team quality for all analysed leagues and divisions during the 2019/2020 season. The findings of the present study reveal that HA was affected in the 2019/2020 season, especially after the break due to the COVID-19 pandemic without crowd support.

POS1458-HPR DIGITAL RHEUMATOLOGY IN THE ERA OF COVID-19: RESULTS OF A NATIONAL PATIENT AND PHYSICIAN SURVEY

Background:Digital health applications (DHAs) are gaining influence and promise great potential for the monitoring and management of rheumatic and musculoskeletal diseases (RMDs).Objectives:To analyse the impact of the COVID-19 pandemic on RMD patients’ and rheumatologists’ usage, preferences, and perception of digital health applications (DHAs) in Germany.Methods:A web-based national survey was developed by the Working Group Young Rheumatology of the German Society for Rheumatology and the German League against Rheumatism. The prospective survey was distributed via social media, QR-code, and email. Descriptive statistics were calculated, and regression analyses were performed to show correlations.Results:We analysed the responses of 299 patients and 129 rheumatologists. Most patients (74%) and rheumatologists (76%) believed that DHAs are useful in the management of RMDs and felt confident in their own usage thereof (90%; 86%). 38% of patients and 71% of rheumatologists reported that their attitude had changed positively towards DHAs and that their usage had increased due to COVID-19 (29%; 48%).Usage and recommendation of DHAs for both groups are shown in Figure 1:Figure 1.Usage or recommendation of digital health applications. Patients and rheumatologists were asked to indicate the specific digital health applications (DHAs) they used or were recommended.The majority in both groups agreed on implementing virtual visits for follow-up appointments in stable disease conditions. The most reported advantages of DHAs were usage independent of time and place (76.6%; 77.5%). The main barriers were a lack of information on suitable, available DHAs (58.5%; 41.9%), poor usability (42.1% of patients) and a lack of evidence supporting the effectiveness of DHAs (23.2% of rheumatologists) (Table 1).Table 1.Advantages and Barriers of DHA, n (%).AdvantagesBarriersPatientsRheumatologistsPatientsRheumatologistsLocation-Independence229 (76.6)100 (77.5)Too little information175 (58.5)54 (41.9)Time-independence223 (74.6)94 (72.9)Too little evidence of benefits36 (12.0)30 (23.3)Detailed documentation97 (32.4)47 (36.4)Poor quality of current apps47 (15.7)29 (22.5)Cost saving95 (31.8)37 (28.7)Concernsabout data protection52 (17.4)25 (19.4)More information88 (29.4)38 (29.5)Lack of usability126 (42.1)17 (13.2)Independenceof doctors+36 (12.0)-Lack of accessibility4 (1.3)-More flexibility107 (36.8)77 (59.7)High costs4 (1.3)23 (17.8)Preparationfor discussion+46 (15.4)-No suitable equipment17 (5.7)11 (8.5)No advantages at all18 (6.0)1 (0.8)Lack of user competenceNo Need9 (3.0)39 (13.0)-12 (9.3)Patients and rheumatologists were asked about the advantages and barriers of DHAs. Multiple answers were allowed. Patients had two additional potential advantages and potential barriers to choose from*.Only a minority (&lt;10% in both groups) believed that digitalisation has a negative impact on the patient-doctor relationship.Conclusion:The COVID-19 pandemic instigated an increase in patients’ and rheumatologists’ acceptance and usage of DHAs, possibly introducing a permanent paradigm shift in the management of RMDs.Acknowledgements:The authors thank the following persons and societies for their great effort, distributing the online survey: P.Aries, A.Hueber, E.Feist, C.Fiehn, P.Korsten, I.Kötter, F.Mühlensiepen, A.Pfeil, M.Rudwaleit, M.Welcker, S.Zinke, Deutsche Vereinigung Morbus Bechterew e.V., Deutsche Rheuma-Liga Bundesverband e. V., Sklerodermie Selbsthilfe e.V.Disclosure of Interests:Anna Kernder: None declared, Harriet Morf: None declared, Philipp Klemm: None declared, Diana Vossen Speakers bureau: Novartis, Abbvie, Amgen, Consultant of: Abbvie Deutschland GmbH &amp; Co. KG, Bristol-Myer Squibb, Celgene GmbH, Gilead Sciences Inc., Lilly Deutschland GmbH, Medac GmbH, Novartis Pharma GmbH, Pfizer Deutschland GmbH, UCB Pharma GmbH, Grant/research support from: Pfizer, Abbvie, Marco Meyer Consultant of: Medac, Isabell Haase Speakers bureau: Medac, Consultant of: Medac, Grant/research support from: UCB, Abbvie, BMS, Johanna Mucke Speakers bureau: AbbVie Deutschland GmbH &amp; Co. KG, Amgen, Bristol-Myers Squibb, Chugai Pharma Germany GmbH, Celgene GmbH, Gilead Sciences Inc., GlaxoSmithKline, Janssen-Cilag GmbH, Lilly Deutschland GmbH, Novartis Pharma GmbH, Pfizer Deutschland GmbH and UCB Pharma GmbH., Consultant of: AbbVie Deutschland GmbH &amp; Co. KG, Amgen, Bristol-Myers Squibb, Chugai Pharma Germany GmbH, Celgene GmbH, Gilead Sciences Inc., GlaxoSmithKline, Janssen-Cilag GmbH, Lilly Deutschland GmbH, Novartis Pharma GmbH, Pfizer Deutschland GmbH and UCB Pharma GmbH., Arnd Kleyer Shareholder of: yes, Speakers bureau: Lilly, Novartis, Consultant of: Abbvie, Lilly, Novartis BMS, Gilead,Janssen, Grant/research support from: Lilly, Novartis, Gilead,, Philipp Sewerin Consultant of: AbbVie, Amgen, Axiom Health, Biogen, Bristol-Myers Squibb, Celgene, Chugai Pharma Marketing Ltd./Chugai Europe, Deutscher Psoriasis-Bund, Fresenius Kabi, Gilead Sciences, Hexal Pharma, Janssen-Cilag, Johnson &amp; Johnson, Lilly, Medi-login, Mediri GmbH, Novartis Pharma, Onkowissen GmbH, Pfizer, Roche Pharma, Rheumazentrum Rhein-Ruhr, Sanofi-Genzyme, Swedish Orphan Biovitrum, and UCB, Grant/research support from: AbbVie, Amgen, Biogen, Bristol-Myers Squibb, Bundesministerium fuer Bildung und Forschung (BMBF), Deutsche Forschungsgesellschaft (DFG), Deutscher Psoriasis-Bund, Fresenius Kabi, Gilead Sciences, Hexal Pharma, Janssen-Cilag, Lilly, Novartis Pharma, Pfizer, Rheumazentrum Rhein-Ruhr, Roche Pharma, Sanofi-Genzyme, and UCB, Gerlinde Bendzuck: None declared, Sabine Eis: None declared, Johannes Knitza Consultant of: Abbvie, Novartis, Lilly, Medac, BMS, Sanofi, Amgen, Gilead, UCB, ABATON, GSK, Grant/research support from: Novartis, UCB, Thermofisher, Sanofi, Martin Krusche Speakers bureau: Lilly, Medac, Novartis, Roche/Chugai, Consultant of: Abbvie, Lilly, Gilead, Medac, Novartis, Sobi, BMS, Amgen, GSK, Grant/research support from: Sanofi

Declaration of analgesics on Doping Control Forms in german football leagues during five seasons

Problem: The use of analgesics in sport has been the subject of numerous studies and surveys among athletes for years. This evaluation was targeted at providing the first evaluation of analgesics declared on Doping Control Forms (DCF) from football players in the highest German leagues, the Cup, and the A and B Juniors’ Bundesliga. Methods: The evaluation included a total of 8,344 DCF from doping controls performed by the National Anti Doping Agency Germany in the five football seasons from 2015/16 to 2019/20. This included both in-competition and out-of-competition doping controls in the Bundesliga, 2nd Bundesliga, 3rd League, Women’s Bundesliga, A and B Juniors’ Bundesliga, and the Cup. Results: On average, 33% of all DCF from the last five seasons of the adult and junior sector of the top football leagues in Germany declared use of analgesics within the seven days preceding testing. The A and B Juniors’ Bundesliga has significantly lower values, at an average of 14% ibuprofen was the most commonly reported among 14 analgesic active substances, across all leagues and seasons. Discussion: Some of the analgesic active substances recorded are used for self-medication, while others are prescription drugs. They are not considered doping substances under the current rules of the World Anti-Doping Agency (WADA). However, the calculated frequency of their use suggests that further scientific surveys in competitive sport should be initiated, e.g. via the WADA Monitoring Program. Since analgesics have a general potential for abuse, continuous information of athletes, supported by the sports environment, concerning the deliberate use of such medications is required. Key Words: National Anti Doping Agency,Painkillers, Non-Steroidal Anti-Inflammatory Drugs, Bundesliga

Digital rheumatology in the era of COVID-19: results of a national patient and physician survey

ObjectiveTo analyse the impact of the COVID-19 pandemic on rheumatic patients’ and rheumatologists’ usage, preferences and perception of digital health applications (DHAs).MethodsA web-based national survey was developed by the Working...

Relative Age Effect in Elite German Soccer: Influence of Gender and Competition Level.

The relative age effect (RAE) is associated with (dis)advantages in competitive sports. While the RAE in elite male soccer reveals a skewed birthdate distribution in relation to a certain cut-off date, research of RAE in elite female soccer is affected by small number of samples and conflicting results. The purpose of this study was to investigate the RAE in elite adult German soccer regarding gender and competition level. The sample comprised 680 female and 1,083 male players of the two top German leagues during the 2019/20 season and German national teams (A-Team to Under 19). Differences between the observed and expected birthdate distributions were analyzed using chi-square statistics and effect sizes followed by calculating odds ratios. Results showed a statistically significant RAE with small effect size across all players included for both genders (female players: P < 0.001, W = 0.16, male players: P < 0.001, W = 0.23). The identified RAE was based on an over-representation of players born at the beginning of the year. According to gender and competition level, RAEs were more pronounced in German male soccer. While significant RAEs were found among males in the first two leagues (first league: P < 0.001, W = 0.19, second league: P < 0.001, W = 0.26), the RAE of females was more pronounced in the second league (first league: P = 0.080, W = 0.16, second league: P = 0.002, W = 0.20). The analysis of RAE regarding the national teams revealed a statistically significant RAE with large effect size for only the youngest investigated age group of male players (Under 19: P = 0.022, W = 0.52). Our data show an RAE in female and male German adult soccer, which could be accompanied by a loss of valuable elite players during the youth phase of the career. Consequently, the pool of talented players at the adult level would be limited.

“Recognized Leader of the German Opposition?” Mission of the Württemberg Envoy at the Bundestag Karl August von Wangenheim in 1817–1823

The article is devoted to the diplomatic activities of Baron Karl August von Wangenheim, who served as the envoy of Württemberg in the Bundestag of the German Confederation in 1817–1823. During those years, when a positive attitude towards the German Union was gradually replaced by disappointment and scepticism, von Wangenheim consistently defended the existing “unionist” model and advocated its development in federal and constitutional directions, in many respects consonant with the requirements of national and liberal movements. The examination of Von Wangenheim&amp;apos;s ideas presented in this article is based on his writings, personal letters, and diplomatic documents, in which he outlined both the general concept of Germany&amp;apos;s development and specific measures to that end. Their implementation contradicted the protective course of K. von Metternich. The conflict between the two politicians is presented in the article through the case studies of several of its most striking manifestations: the issues of expanding the powers of the federal institutions, the widespread introduction of constitutions, and the creation of a federal army. The author pays special attention to the theoretical and philosophical foundations of von Wangenheim&amp;apos;s programme: his liberal constitutionalist model and the theory of the “German triad” as the most balanced form of interaction between German states on different levels. Considering the main factors of the defeat of von Wangenheim&amp;apos;s projects, the author notes that the main difficulty for von Wangenheim was not only the resistance of the all-powerful Austrian chancellor but also the lack of trust between the German states, as well as the ambitious foreign policy of the Württemberg king William I, which provoked a diplomatic crisis in the early 1820s that led to the resignation of von Wangenheim and his associates in the Bundestag and, as a consequence, to the preservation of the German Confederation in a weak form that did not meet its original goals.

Impact of elite soccer coaching change on team performance according to coach- and club-related variables.

A coaching change is an extreme, but frequently occurring phenomenon in elite soccer with its impact on team success debatable. The aim of the current study was twofold: (i) to compare team’s performance when coached by new and old coaches; and (ii) to investigate the impact of a coaching change on team’s performance according to coach- and club-related factors. All in-season coaching changes from the 2010–11 to 2017–18 seasons within the Spanish, French, English, German and Italian professional leagues were examined. Team performance was assessed as points awarded from match outcome over 1–20 matches prior to and following the coaching change. Four independent variables (coach’s experience, team’s budget, whether the coach had been an elite former player or not, and whether the coach was a novice or not) were included into linear regression modelling. The main results showed that team’s short-term performance was improved significantly with a change to a new coach with this impact declining in the longer term (> 10 matches). Specifically, the number of points (1.15–1.32 vs. 0.37–1.03, p < 0.05) and the moving average of points (1.19–1.31 vs. 0.37–1.04, p < 0.05) awarded per match were significantly greater after the coaching change. Further, the winning effect due to the new coach was independent of coach-related factors such as coaching experience or the new coach being a former elite player. A critical organisational decision to change coaches may provide an essential stimulus for future team success in elite soccer.

The Congress of the German Princes in Frankfurt in 1863: the Last Attempt to Reform the German Confederation

The article examines the preparation and holding of the congress of German princes in Frankfurt am Main in 1863. Being an important stage in the Austro-Prussian rivalry for dominance in Germany, the congress was at the same time the highest point in the efforts of the reform group of German states by absorbing the experience of plans for the development of the Federal Constitution of 1815, the plans which had been discussed since 1849. The article pays particular attention to the role of ministers and princes of the middle German states, who tried during the congress to balance the Austrian project and prevent not only the excessive strengthening of Austria and Prussia, but also the rejection of the reform by public opinion. The defeat of the project in this context was a consequence of not only the Bismarck’s politics against the Confederation, but also of mistakes made by the Austria, who didn’t understand all the complexities of the reform and failed to redirect its strategy to support the middle states that fought to keep Germany on the path of a smooth transition from the confederative model to the federative and to preserve the equality between the members of the Confederation as a historical basis of German federalism.

СТРУКТУРА ТА ЕФЕКТИВНІСТЬ ІНВЕСТИЦІЙ У СПОРТИВНУ ІНДУСТРІЮ КРАЇН (НА ПРИКЛАДІ ЕКОНОМІКИ НІМЕЧЧИНИ)

In the last thirty years sport is turning into business and football clubs are developing into large corporations. Sports industry has been becoming not just more exciting but also highly lucrative. The value of professional football sector is estimated to be about 8 billion euros. Even more investors see sports leagues or football clubs as profitable investments. For instance, European Super League can be taken, which could have been more profitable for investors than other competitions and attracted such sponsor as JPMorgan Chase. However, in the near future such project has no support from governments and other clubs and therefore has no future yet. One type of investment in the sports industry is the purchase of shares in sports clubs. Borussia Dortmund is a German football club, one of the most successful clubs in the world, which plays in the Bundesliga, the top tier of the German league system. Dortmund’s shares are listed on the Frankfurt Stock Exchange. Borussia is the only club in Germany and among approximately 25 clubs in the world, including few British and Italian clubs, whose shares are publicly traded. Even more clubs are considering going public to increase its capital. One of the biggest clubs in Belgium, Brugge examined such opportunity, though the club postponed their initial public offering because of the low demand. On the contrary, Ukrainian football club Veres started selling its shares in April 2021 and during the first day have received bids for the purchase of stocks for the amount of over 36 million hryvnas. However, the benefit for the investor might be only the increase of a share price as the club does not intend to pay out dividends. The article analyses the price of a club share for more than 20 years and historical dividends. Borussia’s stock is analysed using futures contracts. It also examines such indicators as return on invested capital (ROIC), weighted average cost of capital (WACC), return on assets (ROA), which are compared with those of Manchester United, Juventus, Lazio and Ajax. A model is being built to predict the stock price during COVID-19 and before the start of the pandemic to compare price fluctuations and model errors.

The German Confederation as an International Organization: a Historiographical Essay on Current Debates

The German Confederation as an International Organization: a Historiographical Essay on Current Debates

Successful return to professional men’s football (soccer) competition after the COVID-19 shutdown: a cohort study in the German Bundesliga

ObjectivesTo evaluate the restart of the German Bundesliga (football (soccer)) during the COVID-19 pandemic from a medical perspective.MethodsParticipants were male professional football players from the two highest German leagues and...

Social citizenship in federations: free movement and social assistance rights in the EU and beyond

When and how have free movement and social citizenship been reconciled in federal settings characterised by devolved welfare responsibilities and extensive internal diversity? The EU fails to guarantee minimum social protection rights for EU citizens migrating within the Union, as access to social assistance in countries of destination is highly conditional. This situation is very similar to historical experiences in other federations, where fears of welfare migration and tensions between federal and sub-federal competencies made it difficult to guarantee social assistance rights for all citizens. A comparison of the North German Confederation, Switzerland and the USA, demonstrates that such rights nonetheless have been extended to all citizens in federations and that this occurred along two pathways: (a) a judicial pathway through the intervention of a constitutional court; or (b) a political pathway through incremental change. The conclusion considers possible implications of these findings for the EU.

The Rhenish League of 1254–1257 in historiographical perspective

AbstractOne of the distinctives of Rhineland cities during the central and later Middle Ages was their propensity to form leagues (Städtebünde) on their own initiative in the absence of strong imperial authority. These diplomatic and military alliances demonstrate remarkable collaboration between otherwise economic rivals in order to resolve conflicts and sustain the “king's peace” (Landfriede) when the monarch was incapable of doing so. The Rhenish League of 1254–1257, formed a century before the Hanseatic League, was the first of many such leagues. It embodied profound burgher agency and cooperation in traditional Hohenstaufen territory after the dynasty's collapse. Promising beginnings proved short‐lived, however, as the league itself dissolved over disagreements about the split royal election of 1257. But as pioneer and template for subsequent urban leagues, it has garnered special attention in German historiography. This article reviews the historical significance of the league for modern German historians and locates such perspectives within their own radically divergent historical contexts: German Confederation, Empire, Weimar Republic, Nazi Dictatorship, Cold War FRG/GDR, and since Reunification.

Home advantage in European soccer without crowd

ABSTRACT The presence of spectators in sport is considered a factor that leads to home advantage (HA). The objective of this research was to analyse the difference of wins, points and goals both at home and away depending on the presence or absence of a crowd and other possible covariates such as budget or average attendance at the stadium in times post COVID. The sample is made up of eight football leagues (soccer) from Germany, Spain, Italy, England and Austria. The results show that there are no significant differences between playing with or without a crowd, except in the German and Spanish top leagues. Even so, there is a tendency in most competitions to play worse at home and better away from home when there are no spectators. These findings do not generally support the theory of social facilitation; so it is concluded that there must be other factors that explain HA.

Involving patients as research partners exemplified by the development and evaluation of acommunication-skills training programme (KOKOS-Rheuma).

Despite widespread recommendations for involving patient research partners (PRPs), there is little information about how patients have been involved in research. Our aim was to describe and assess the contributions of four PRPs in a project on communication-skills training funded by Deutsche Rheuma-Liga Bundesverband e. V. (German League Against Rheumatism [GLR] is a patient organisation for people with rheumatic and musculoskeletal diseases). The PRPs’ participation was beneficial with regards to content and organisation. Thanks to their participation, we could enlarge our sample by over a third, and they contributed their own ideas to the training. Four PRPs added their perspective of various regional organisations. Outside this project, they were also very active within GLR and experienced in managing their rheumatic disease. To achieve more representativeness, future studies might also employ strategies to engage individuals with less experience in dealing with their disease, e.g. newly diagnosed patients. While the collaboration between PRPs and researchers proved very successful, more regular discussions about tasks and responsibilities would be worthwhile.

Let's meet as usual: Do games played on non-frequent days differ? Evidence from top European soccer leagues

Balancing the allocation of games in sports competitions is an important organizational task that can have serious financial consequences. In this paper, we examine data from 10,142 soccer games played in the top German, Spanish, French, and English soccer leagues between 2007/2008 and 2016/2017. Using a machine learning technique for variable selection and applying a semi-parametric analysis of radius matching on the propensity score, we find that all four leagues have a lower attendance in games that take place on four non-frequently played days than those on three frequently played days. We also find that, in all leagues, there is a significantly lower home advantage for the underdog teams on non-frequent days. Our findings suggest that the current schedule favors underdog teams with fewer home games on non-frequent days. Therefore, to increase the fairness of the competitions, it is necessary to adjust the allocation of the home games on non-frequent days in a way that eliminates any advantage driven by the schedule. These findings have implications for the stakeholders of the leagues, referees’ and calendar committees as well as for coaches and players.

«Bankenmacht», «Verwaltungsherrschaft», «Aktionärsdemokratie»?

Abstract «Bankenmacht», «Verwaltungsherrschaft», «Aktionärsdemokratie»? On the problem of management control in German stock corporations 1870 to 1931 The liberalization of stock company law in Prussia and the North German Confederation respectively as well as the abolition of state concessions as a prerequisite for the formation of a joint-stock company led to a debate about the means of control regarding joint-stock companies. The new stock company law instituted supervisory boards as a controlling body, as a mandatory «contracted general assembly», but did not elaborate on a clear definition of their duties. Yet, since the end of the so called «Gründerboom» in 1873, it became more and more apparent that the supervisory boards failed to provide adequate supervision. The law was amended in 1884 accordingly, in order to increase the supervisory boards’ means of control over the executive board. Subsequently, many joint-stock companies developed an oligarchic power structure, which cut down on shareholder protection rights. Banks were heavily involved in this process due to their voting rights as «inside shareholders», but by no means would it be suitable to label this as «Bankenherrschaft».

Victorious Power and the Peoples’ Right to Self-Determination

Victorious Power and the Peoples’ Right to Self-Determination