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At least in the past, banking in continental Europe has been characterised by a number of features that are quite specific to the region. They include the following: (1) banks play a strong role in their respective financial systems; (2) universal banking is prevalent; (3) not strictly profit-oriented banks play a significant role; and (4) there are considerable differences between national banking systems. It can be safely assumed that the future of banking in Europe will be shaped by three major external developments: deregulation and liberalisation; advances in information technology; and economic, financial and monetary integration. The overall consequences of these developments would be much too vast a topic to be addressed in one short paper. Therefore the present paper concentrates on the following question: Are the traditional peculiarities of the banking and financial systems of continental Europe likely to disappear as a consequence of the aforementioned external developments or are they more likely to remain in spite of these developments? The external developments affect the features specific to banking in continental Europe only indirectly and only via the strategies selected and pursued by the various players in the financial systems, notably the banks themselves, and in ways which strongly depend on the structure of the banking industry and the level of competition between banks and other providers of financial services. The paper develops an informal model of the relationships between (1) external developments, (2) bank strategies and the structure of the banking industry, and (3) the peculiarities of banking in Europe, and derives a hypothesis predicting which of the traditional peculiarities are likely to disappear and which are likely to remain. It argues that, overall, the peculiarities are not likely to disappear in the short or the medium term. First version June 2000. This version March 2001.
The Future of the Noosphere
(2014)
In this article, a Koselleckian approach to the issue of time will be employed. In Koselleck's view, modernity has been characterized by a multiplicity of synchronous times, or as Helge Jordheim puts it, by "multiple temporalities". By temporality, Koselleck means something different than epochs or periodizations. More precisely, Jordheim asserts, Koselleck uses this term to reach for experiences of time, such as "progress, decadence, acceleration, or delay, the 'not yet' and the 'no longer', the 'earlier' or 'later than', the 'too early' and the 'too late', situation and the duration". Especially pertinent for this article is Koselleck's category of a horizon of expectations (Erwartungshorizont), understood as perceived prospects for the future. In both the noosphere and the Anthropocene discussion, the notion of an Age of Man seems to merge different timescales into one another, or, as stated by one of the most prominent scientists in the early debate, "The division of historical and geological time is levelled out for us". This article examines the temporality implied in the noosphere concept in order to formulate a specific question regarding the Anthropocene. The article is thus intended to contribute to the on-going examination of the Anthropocene concept by way of historicising its temporality.