The crucial difference between the German and the Anglo-American system of corporate control is not the influence of the banks, but the different role played by capital markets and company boards. Banks in Germany have begun to reduce their role in corporate governance, particularly with respect to shareholdings and representation on supervisory boards, and this will continue.
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Paper provided by American Institute for Contemporary German Studies- in its series Papers with number
13.
Length: 42 pages Date of creation: 1997 Date of revision: Handle: RePEc:fth:amiger:13
Contact details of provider: Postal: U.S.A.; Johns Hopkins University, American Institute for Contemporary German Studies. 1400 16th Street, N.W. Suite 420 Washington, D.C. 20036-2217
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Find related papers by JEL classification: E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Mortgages
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