Political Science Professor Featured in German Banking Publication

Congratulations to Political Science Professor Mark K. Cassell, Ph.D., who recently published an article and was interviewed by Mitteilungen, a publication focused on Germany’s banking system. The article discusses the central role of the publicly-held savings banks during economic and social crises including the refugee crisis in 2015 and the current Covid pandemic among other topics.
Photo of Mark Cassell

Cassell teaches public policy and administration courses, European politics, comparative public policy, and urban politics in the College of Arts and Sciences at Kent State. He also directs our Washington Program in National Issues (WPNI), an internship program in Washington D.C.

Book cover image of Mark Cassell's book Banking on the State
His scholarship is mainly concerned with understanding public sector transformations and includes a number of books, including his most recent work, “Banking on the State: The Political Economy of Public Savings Banks” (Columbia University Press/Agenda Publishing. 2020). The book examines how Germany's public savings banks survive and thrive in the too-big-to fail world of global finance and includes a chapter on the United States' efforts at establishing public banking alternatives. It was nominated for the 2023 Charles Levine Prize for the best book in comparative public policy and administration given by the International Political Science Association, and the 2023 Alice Amsden Best Book Award given by the Society for the Advancement of Socio-Economics.

He said that German colleagues and friends always ask him: What is so interesting for an American about the Sparkassen, Germany's oldest public financial institutions? “My answer was always the same: I research savings banks because of their decisive and unique role in the German economic and social system,” Cassel said.

Cassell’s interest in Germany, especially the German Savings Bank Organization, is also based on his childhood when he, native to California, spent some summers at his grandparents’ home in Büdingen, near Frankfurt, Germany. His grandfather, Kurt Moosdorf, was a district administrator for more than two decades as chairman of the Supervisory Board of Kreissparkasse Büdingen, which is now Sparkasse Oberhessen Rose. This inspired Cassell to pursue his research into the question of how comparatively small local institutes were able to succeed despite globalized capitalism and progressive privatization in the financial world.

Cassell and his co-author, Susan Hoffmann, published “Mission Expansion and the Federal Home Loan Bank System” (SUNY Press, 2010) which explores the history and development of the Federal Home Loan Bank System. He also published the award-winning book, “How Governments Privatize: The Politics of Divestment in the United States and Germany” (Georgetown University Press, 2003), which compares the Resolution Trust Corporation with Germany's Treuhandanstalt, the agency charged with taking over, managing, and privatizing the industrial assets of former East Germany. The book received the 2003 Charles H. Levine Award for the best book in public policy and administration and was also revised and translated into Russian in 2016.

Cassell has published a number of recent articles on a variety of topics in comparative public policy including: "Urban challenges and the gig economy: How German cities cope with the rise of Airbnb" 2020 German Politics, 29(3) with Michelle Deutsch and "Explaining Germany’s Position on European Banking Union. 2020 German Politics, 28(4):1–21, with Anna Hutcheson. His work also appears in Public Administration Review, German Politics, Journal of Banking Regulation, International Public Management Journal, Social Science Quarterly, PS: Political Science and Politics, State and Local Government Review, and Governance: An International Journal of Policy, Administration and Institutions. 

He holds a Ph.D. and MA in Political Science from the University of Wisconsin-Madison, an MPA from the Robert LaFollette Institute of Public Affairs at the University of Wisconsin-Madison, and a BA in Economics and Politics from the University of California at Santa Cruz (UCSC).

POSTED: Tuesday, February 22, 2022 - 10:07am
UPDATED: Tuesday, February 22, 2022 - 10:44am
WRITTEN BY:
Jim Maxwell