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How significant is the alleged unfair advantage enjoyed by state-owned banks in Germany?

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  • S. P. Chakravarty
  • Jonathan M. Williams

Abstract

The European Commission argues that the state-owned banks in Germany enjoy an unfair advantage over the private sector banks in the cost of borrowing funds in the financial markets because of state guarantees that public sector banks are perceived to enjoy. This note demonstrates that the blame for the comparatively poor profitability of private sector banks in Germany cannot be laid at the door of the relatively cheaper funds that the public sector banks can raise in the wholesale markets. Copyright 2006, Oxford University Press.

Suggested Citation

  • S. P. Chakravarty & Jonathan M. Williams, 2006. "How significant is the alleged unfair advantage enjoyed by state-owned banks in Germany?," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 30(2), pages 219-226, March.
    • Handle: RePEc:oup:cambje:v:30:y:2006:i:2:p:219-226
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    File URL: http://hdl.handle.net/10.1093/cje/bei042
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    Cited by:

    1. Marco FRIGERIO & Daniela VANDONE, 2018. "Virtuous or Vicious? Development Banks in Europe," Departmental Working Papers 2018-07, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    2. Goddard, John & Molyneux, Philip & Wilson, John O.S. & Tavakoli, Manouche, 2007. "European banking: An overview," Journal of Banking & Finance, Elsevier, vol. 31(7), pages 1911-1935, July.
    3. Frigerio, Marco & Vandone, Daniela, 2020. "European development banks and the political cycle," European Journal of Political Economy, Elsevier, vol. 62(C).
    4. Butzbach Olivier & von Mettenheim Kurt E., 2015. "Alternative Banking and Theory," Accounting, Economics, and Law: A Convivium, De Gruyter, vol. 5(2), pages 105-171, July.

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