The US government's representative on the International Monetary Fund's Executive Board from 2010-2012, now a scholar at the Peterson Institute in Washington, Douglas Rediker spoke exclusively to Europolitics about capital markets. He has extensive knowledge of Europe, having worked there between 1991 and 2007 as a senior investment banker and private equity investor.
Why do Americans invest in capital markets so much more than Europeans?
The economies of Europe are older and more regional and national bank-based. Companies in Europe…