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Cooperative Governance in Banking: Consequences for Decision-Making Processes

In: Decision Taking, Confidence and Risk Management in Banks from Early Modernity to the 20th Century

Author

Listed:
  • Friederike Sattler

    (Goethe-University)

Abstract

According to modern economic theory, the decisions of economic players always relate to the future and therefore necessarily take place under conditions of uncertainty that can only be reduced through the formation of expectations. Building on this assumption, the author argues for the development of a model for experience-based expectation formation. Using the decisions of German universal banks in favour of a strategy of club banking for their investments abroad during the late 1960s and 1970s as a case study, the paper identifies the most relevant questions that should be addressed by further empirical research in order to construct such a historically sound model for experience-based expectation formation and decision-making processes with regard to multilateral cooperative governance in banking.

Suggested Citation

  • Friederike Sattler, 2017. "Cooperative Governance in Banking: Consequences for Decision-Making Processes," Palgrave Studies in the History of Finance, in: Korinna Schönhärl (ed.), Decision Taking, Confidence and Risk Management in Banks from Early Modernity to the 20th Century, pages 81-102, Palgrave Macmillan.
    • Handle: RePEc:pal:psitcp:978-3-319-42076-9_4
    DOI: 10.1007/978-3-319-42076-9_4
    as

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