Delegated Monitors, Large and Small: Germany's Banking System, 1800–1914
Banks play a greater role in the German financial system than in those of 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.
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Volume (Year): 40 (2002)
Issue (Month): 1 (March)
Pages: 73-124
| Handle: | RePEc:aea:jeclit:v:40:y:2002:i:1:p:73-124 |
| Note: | DOI: 10.1257/0022051026985 |
| Contact details of provider: | Web page: https://www.aeaweb.org/journalEmail: More information through EDIRC
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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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"The Emergence and Persistence of the Anglo-Saxon and German Financial Systems,"
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0005, Institute for Advanced Study, School of Social Science.
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