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Meilensteine der Entwicklung des Kapitalmarktes in Deutschland und der Kapitalmarkttheorie vom Ende der 1970er- bis zum Beginn der 1990er-Jahre

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  • Rudolph, Bernd

Abstract

This paper is a slightly revised version of a presentation that was given at the celebration of the Center for Finan-cial Studies at Goethe University Frankfurt on the occa-sion of the 80th birthday of Dr. Rolf-E. Breuer on Novem-ber 30, 2017. It illuminates the development of the ex-change environment and the exploration of the events in capital markets from the end of the 1970s to the begin-ning of the 1990s, that is the period in which Breuer had already made a name for himself as director of the ex-change department at Deutsche Bank, before he was ap-pointed to the Management Board of Deutsche Bank in 1985, and took over the chair of the Supervisory Board at Deutsche Börse in 1993. During this period Breuer made decisive contributions to the development of an efficient German capital market; he was the catalyst and driver of the emergence of an exchange environment.

Suggested Citation

  • Rudolph, Bernd, 2017. "Meilensteine der Entwicklung des Kapitalmarktes in Deutschland und der Kapitalmarkttheorie vom Ende der 1970er- bis zum Beginn der 1990er-Jahre," IBF Paper Series 16-17, IBF – Institut für Bank- und Finanzgeschichte / Institute for Banking and Financial History, Frankfurt am Main.
    • Handle: RePEc:zbw:ibfpps:1617
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    References listed on IDEAS

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    1. Junge, Georg & Kugler, Peter, 2017. "Optimal equity capital requirements for Swiss G-SIBs," Working papers 2017/11, Faculty of Business and Economics - University of Basel.
    2. Black, Fischer & Scholes, Myron S, 1973. "The Pricing of Options and Corporate Liabilities," Journal of Political Economy, University of Chicago Press, vol. 81(3), pages 637-654, May-June.
    3. Fama, Eugene F, 1970. "Efficient Capital Markets: A Review of Theory and Empirical Work," Journal of Finance, American Finance Association, vol. 25(2), pages 383-417, May.
    4. Hart, Oliver & Moore, John, 1996. "The Governance of Exchanges: Members' Cooperatives versus Outside Ownership," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 12(4), pages 53-69, Winter.
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    More about this item

    JEL classification:

    • N24 - Economic History - - Financial Markets and Institutions - - - Europe: 1913-
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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