Delegated Monitors, Large and Small: The Development of Germany's Banking System, 1800-1914

Banks play a greater role in the German financial system than in the United States or Britain. Germany’s large universal banks are admired by those who advocate bank deregulation in the United States. Others admire the universal banks for their supposed role in corporate governance and industrial finance. Many discussions distort the German Banking system by overstressing one of several types of banks, and ignore the competition and cooperation between the famous universal banks and other banking groups. Tracing the historical development of the German banking system from the early nineteenth century places the large universal banks in context.


Issue Date:
2001
Publication Type:
Working or Discussion Paper
Record Identifier:
http://ageconsearch.umn.edu/record/28447
PURL Identifier:
http://purl.umn.edu/28447
Total Pages:
88
JEL Codes:
G2; G3; N2
Series Statement:
Center Discussion Paper No. 835




 Record created 2017-04-01, last modified 2018-01-22

Fulltext:
Download fulltext
PDF

Rate this document:

Rate this document:
1
2
3
 
(Not yet reviewed)