IDEAS home Printed from https://ideas.repec.org/a/bpj/jbwige/v64y2023i2p317-337n12.html
   My bibliography  Save this article

Der Euromarkt und die Internationalisierung der deutschen Banken: Das Beispiel Luxemburg

Author

Listed:
  • Kopper Christopher

    (, Freiligrathstr. 14, D-33617 Bielefeld, Germany)

Abstract

The tax exemption of interest revenues and the high level of professional secrecy were the unique selling points of Luxembourg for the German banking community. From the 1960s to the 1990s, they were the main causes for the rise of Luxembourg to one of the biggest euromarket places. The government of Luxembourg used these institutional factors to foster and accelerate the economic transformation from an industrial to a post-industrial country. The German banks did not reduce or even discontinue their presence in Luxembourg after the end of tax exemption and strict banking secrecy. Instead, they specialized on syndicated loans, treasury functions and Private Wealth Management for wealthy clients.

Suggested Citation

  • Kopper Christopher, 2023. "Der Euromarkt und die Internationalisierung der deutschen Banken: Das Beispiel Luxemburg," Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook, De Gruyter, vol. 64(2), pages 317-337, November.
    • Handle: RePEc:bpj:jbwige:v:64:y:2023:i:2:p:317-337:n:12
    DOI: 10.1515/jbwg-2023-0012
    as

    Download full text from publisher

    File URL: https://doi.org/10.1515/jbwg-2023-0012
    Download Restriction: no
    File URL: https://libkey.io/10.1515/jbwg-2023-0012?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    Auslandsbanken; Bundesrepublik Deutschland; Luxemburg; Euromarkt; Steuerfreiheit; Bankgeheimnis; Foreign banks; Federal Republic of Germany; Luxembourg; Euromarket; tax exemption; banking secrecy;
    All these keywords.

    JEL classification:

    • G - Financial Economics
    • G - Financial Economics
    • N - Economic History

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bpj:jbwige:v:64:y:2023:i:2:p:317-337:n:12. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.degruyter.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.