Banks, Finance and Investment in Germany

Banks, Finance and Investment in Germany

Author: Jeremy Edwards

Publisher: Cambridge University Press

Published: 1996-01-26

Total Pages: 274

ISBN-13: 9780521566087

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This book analyses the widely-held view of the merits of the 'bank-based' German system of finance for investment, and shows that this view is not supported by evidence from the post-war period. The institutional features of the German system are such that universal banks have control of voting rights at shareholders' meetings due to proxy votes, and they also have representation on companies' supervisory boards. These features are claimed to have two main benefits. One is that the German system reduces asymmetric information problems, enabling banks to supply more external finance to firms at a lower cost, and thus increasing investment. The other is that German banks are able to mould and control managements of firms on behalf of shareholders, and thus ensure that firms are run efficiently. This book assesses whether empirical evidence backs up these claims, and shows that the merits of the German system are largely myths.


Book Synopsis Banks, Finance and Investment in Germany by : Jeremy Edwards

Download or read book Banks, Finance and Investment in Germany written by Jeremy Edwards and published by Cambridge University Press. This book was released on 1996-01-26 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses the widely-held view of the merits of the 'bank-based' German system of finance for investment, and shows that this view is not supported by evidence from the post-war period. The institutional features of the German system are such that universal banks have control of voting rights at shareholders' meetings due to proxy votes, and they also have representation on companies' supervisory boards. These features are claimed to have two main benefits. One is that the German system reduces asymmetric information problems, enabling banks to supply more external finance to firms at a lower cost, and thus increasing investment. The other is that German banks are able to mould and control managements of firms on behalf of shareholders, and thus ensure that firms are run efficiently. This book assesses whether empirical evidence backs up these claims, and shows that the merits of the German system are largely myths.


Financial System of Germany

Financial System of Germany

Author: Bikal Dhungel

Publisher: GRIN Verlag

Published: 2011-04-28

Total Pages: 16

ISBN-13: 364090124X

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Seminar paper from the year 2010 in the subject Economics - Finance, grade: 1,0, University of East London, course: International Financial Markets and Institutions, language: English, abstract: Germany is a central European country with fourth largest economy in the world after the US, Japan and China. It has 82 million consumers and has a nominal GDP of $ 3.352 trillion. Financial system in Germany is a traditional banks based system. Firms still rely on banks instead of capital markets. In this paper we will analyze the banking system of Germany, its main institutional investors, the Stock and Bond markets and finally the affects of financial crisis in financial sectors and the implementation of Basel II nationally.


Book Synopsis Financial System of Germany by : Bikal Dhungel

Download or read book Financial System of Germany written by Bikal Dhungel and published by GRIN Verlag. This book was released on 2011-04-28 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2010 in the subject Economics - Finance, grade: 1,0, University of East London, course: International Financial Markets and Institutions, language: English, abstract: Germany is a central European country with fourth largest economy in the world after the US, Japan and China. It has 82 million consumers and has a nominal GDP of $ 3.352 trillion. Financial system in Germany is a traditional banks based system. Firms still rely on banks instead of capital markets. In this paper we will analyze the banking system of Germany, its main institutional investors, the Stock and Bond markets and finally the affects of financial crisis in financial sectors and the implementation of Basel II nationally.


Banks, Finance and Investment in West Germany Since 1970

Banks, Finance and Investment in West Germany Since 1970

Author: Jeremy S. S. Edwards

Publisher:

Published: 1991

Total Pages: 64

ISBN-13:

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Estudia el problema de si los bancos alemanes han sido un factor importante para los buenos resultados economicos del pais de 1970 a 1985. Analiza en que medida los prestamos bancarios suponen una cantidad significativa de la financiacion para las inversiones del sector productivo aleman, y en este sentido, si es consecuencia de la participacion de bancos en los consejos ejecutivos de las empresas. Para ello, examina el grado de control de titulos con derecho a voto por los bancos y en que medida la representacion en los consejos ejecutivos condiciona la gestion de tal forma que asegure la eficacia interna. Contiene cuadros estadisticos y bibliografia. (igm).


Book Synopsis Banks, Finance and Investment in West Germany Since 1970 by : Jeremy S. S. Edwards

Download or read book Banks, Finance and Investment in West Germany Since 1970 written by Jeremy S. S. Edwards and published by . This book was released on 1991 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Estudia el problema de si los bancos alemanes han sido un factor importante para los buenos resultados economicos del pais de 1970 a 1985. Analiza en que medida los prestamos bancarios suponen una cantidad significativa de la financiacion para las inversiones del sector productivo aleman, y en este sentido, si es consecuencia de la participacion de bancos en los consejos ejecutivos de las empresas. Para ello, examina el grado de control de titulos con derecho a voto por los bancos y en que medida la representacion en los consejos ejecutivos condiciona la gestion de tal forma que asegure la eficacia interna. Contiene cuadros estadisticos y bibliografia. (igm).


The German Financial System

The German Financial System

Author: Jan P. Krahnen

Publisher: OUP Oxford

Published: 2004-03-25

Total Pages: 550

ISBN-13: 0191531030

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This book is both a reference book on Germany's financial system and a contribution to the economic debate about its status at the beginning of the twenty-first century. In giving a comprehensive account of the many facets of the system, it covers corporate governance, relationship lending, stock market development, investor protection, the venture capital industry, and the accounting system, and reports on monetary transmission and the credit channel, regulation and banking competition, the insurance and investment industry, and mergers and acquisitions. Special chapters at the beginning and at the end of the book adopt the financial system perspective, analysing the mutual fit of different features of the financial system; and each of the fifteen chapters addresses particular myths that surround it. The book is invaluable for those who want to understand the German economy and its financial system, promising not only a compilation of facts and statistics on Germany's financial markets and institutions, but also an analysis of its current structure and the determinants of its future development.


Book Synopsis The German Financial System by : Jan P. Krahnen

Download or read book The German Financial System written by Jan P. Krahnen and published by OUP Oxford. This book was released on 2004-03-25 with total page 550 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is both a reference book on Germany's financial system and a contribution to the economic debate about its status at the beginning of the twenty-first century. In giving a comprehensive account of the many facets of the system, it covers corporate governance, relationship lending, stock market development, investor protection, the venture capital industry, and the accounting system, and reports on monetary transmission and the credit channel, regulation and banking competition, the insurance and investment industry, and mergers and acquisitions. Special chapters at the beginning and at the end of the book adopt the financial system perspective, analysing the mutual fit of different features of the financial system; and each of the fifteen chapters addresses particular myths that surround it. The book is invaluable for those who want to understand the German economy and its financial system, promising not only a compilation of facts and statistics on Germany's financial markets and institutions, but also an analysis of its current structure and the determinants of its future development.


Frankfurt as a Financial Centre

Frankfurt as a Financial Centre

Author: Carl-Ludwig Holtfrerich

Publisher: C.H.Beck

Published: 1999

Total Pages: 410

ISBN-13: 9783406456718

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Book Synopsis Frankfurt as a Financial Centre by : Carl-Ludwig Holtfrerich

Download or read book Frankfurt as a Financial Centre written by Carl-Ludwig Holtfrerich and published by C.H.Beck. This book was released on 1999 with total page 410 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Germany

Germany

Author: International Monetary Fund. European Dept.

Publisher: International Monetary Fund

Published: 2014-07-21

Total Pages: 72

ISBN-13: 1498384013

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This Selected Issues paper on Germany focuses on current economic condition in the country. The build-up of Germany’s current account surplus over the last decade does not lend itself to a single-factor explanation, as both global and domestic factors, as well as policy changes led to increased savings and lower investment. All sectors contributed to the build-up of the surplus. Although fiscal consolidation and higher household savings played a role, the corporate sector experienced a more pronounced shift. This paper provides a retrospective on these developments and explores whether the factors contributing to the surplus are likely to be reversed going forward. Although there are common global drivers for the non-financial corporations shift to a net lender position, several German-specific factors played a role, notably the labor market reforms in the 2000s, the business tax reforms, and the globalization of German firms’ production chains. The households’ saving–investment gap widened in the early 2000s as the pension reforms and growing income inequality boosted households’ savings and residential investment declined by the end of the reunification construction boom.


Book Synopsis Germany by : International Monetary Fund. European Dept.

Download or read book Germany written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2014-07-21 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper on Germany focuses on current economic condition in the country. The build-up of Germany’s current account surplus over the last decade does not lend itself to a single-factor explanation, as both global and domestic factors, as well as policy changes led to increased savings and lower investment. All sectors contributed to the build-up of the surplus. Although fiscal consolidation and higher household savings played a role, the corporate sector experienced a more pronounced shift. This paper provides a retrospective on these developments and explores whether the factors contributing to the surplus are likely to be reversed going forward. Although there are common global drivers for the non-financial corporations shift to a net lender position, several German-specific factors played a role, notably the labor market reforms in the 2000s, the business tax reforms, and the globalization of German firms’ production chains. The households’ saving–investment gap widened in the early 2000s as the pension reforms and growing income inequality boosted households’ savings and residential investment declined by the end of the reunification construction boom.


Germany

Germany

Author: International Monetary Fund. European Dept.

Publisher: International Monetary Fund

Published: 2023-07-17

Total Pages: 42

ISBN-13:

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Germany: Selected Issues


Book Synopsis Germany by : International Monetary Fund. European Dept.

Download or read book Germany written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2023-07-17 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Germany: Selected Issues


The German Financial System

The German Financial System

Author: Jan Pieter Krahmen (editor)

Publisher:

Published: 2004

Total Pages: 550

ISBN-13: 0199253161

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Written by a team of scholars, predominantly from the Centre for Financial Studies in Frankfurt, this volume provides a descriptive survey of the present state of the German financial system and a new analytical framework to explain its workings.


Book Synopsis The German Financial System by : Jan Pieter Krahmen (editor)

Download or read book The German Financial System written by Jan Pieter Krahmen (editor) and published by . This book was released on 2004 with total page 550 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written by a team of scholars, predominantly from the Centre for Financial Studies in Frankfurt, this volume provides a descriptive survey of the present state of the German financial system and a new analytical framework to explain its workings.


The German Financial System and the Financial and Economic Crisis

The German Financial System and the Financial and Economic Crisis

Author: Daniel Detzer

Publisher: Springer

Published: 2017-05-26

Total Pages: 325

ISBN-13: 3319567993

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This book provides an up-to-date overview of the development of the German financial system, with a particular focus on financialization and the financial crisis, topics that have increasingly gained attention since the crisis and the discussion on the secular stagnation started. The authors of the book—economists who have conducted extensive research in this area—offer a perspective on the financial system in the context of its importance for the overall economic system. The book not only provides detailed insights into Germany’s financial system; it also takes a broader perspective on finance and connects it with current macroeconomic developments in Germany.


Book Synopsis The German Financial System and the Financial and Economic Crisis by : Daniel Detzer

Download or read book The German Financial System and the Financial and Economic Crisis written by Daniel Detzer and published by Springer. This book was released on 2017-05-26 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an up-to-date overview of the development of the German financial system, with a particular focus on financialization and the financial crisis, topics that have increasingly gained attention since the crisis and the discussion on the secular stagnation started. The authors of the book—economists who have conducted extensive research in this area—offer a perspective on the financial system in the context of its importance for the overall economic system. The book not only provides detailed insights into Germany’s financial system; it also takes a broader perspective on finance and connects it with current macroeconomic developments in Germany.


Banks, finance and investment in west Germany since 1970

Banks, finance and investment in west Germany since 1970

Author: J.S.S. Edwards

Publisher:

Published: 1991

Total Pages: 48

ISBN-13:

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Book Synopsis Banks, finance and investment in west Germany since 1970 by : J.S.S. Edwards

Download or read book Banks, finance and investment in west Germany since 1970 written by J.S.S. Edwards and published by . This book was released on 1991 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: