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The role of banks: Evidence from Germany and the US

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  • Brichs Serra, Elisabet
  • Buch, Claudia M.
  • Nienaber, Thomas

Abstract

In the discussion about the structure and evolution of financial systems, the US separated and the German universal banking system are commonly considered as antipodes. This paper shows that the differences in the role of banks in these two economies are less pronounced than the conventional wisdom suggests. Furthermore, prevailing differences can be explained by a number of factors other than banking regulations. Hence, the distinction which is commonly drawn between universal and separated banking systems can be misleading and tends to underrate the ongoing convergence between the systems.

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Bibliographic Info

Paper provided by Kiel Institute for the World Economy in its series Kiel Working Papers with number 802.

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Date of creation: 1997
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Handle: RePEc:kie:kieliw:802

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Cited by:
  1. Claudia M. Buch & Stefan M. Golder, 2000. "Foreign competition and disintermediation: no threat to the German banking system?," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 53(213), pages 107-133.
  2. Alfred Haid, 2001. "Proceedings of the 3rd Workshop on Corporate Governance in Europe: Einf├╝hrung," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 70(2), pages 193-200.
  3. Claudia M. Buch & Stefan M. Golder, 2000. "Foreign competition and disintermediation: no threat to the German banking system?," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 53(213), pages 107-133.

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