Author: Jan Pieter Krahmen (editor) Publisher: ISBN: 0199253161 Category : Business & Economics Languages : en Pages : 550
Book Description
Written by a team of scholars, predominantly from the Centre for Financial Studies in Frankfurt, this volume provides a descriptive survey of the present state of the German financial system and a new analytical framework to explain its workings.
Author: Jeremy Edwards Publisher: Cambridge University Press ISBN: 9780521566087 Category : Business & Economics Languages : en Pages : 274
Book Description
This book analyses the widely-held view of the merits of the 'bank-based' German system of finance for investment, and shows that this view is not supported by evidence from the post-war period. The institutional features of the German system are such that universal banks have control of voting rights at shareholders' meetings due to proxy votes, and they also have representation on companies' supervisory boards. These features are claimed to have two main benefits. One is that the German system reduces asymmetric information problems, enabling banks to supply more external finance to firms at a lower cost, and thus increasing investment. The other is that German banks are able to mould and control managements of firms on behalf of shareholders, and thus ensure that firms are run efficiently. This book assesses whether empirical evidence backs up these claims, and shows that the merits of the German system are largely myths.
Author: Theodor Baums Publisher: Walter de Gruyter ISBN: 311089338X Category : Law Languages : en Pages : 725
Book Description
The volume contains 23 articles by international experts, both scholars and practioners dealing with the development of institutional investors (such as banks, insurances, investment companies, pension funds etc.), their investment and voting policies, the impact on managements of the companies concerned and related issues. The consequences of the international development on capital markets as well as policy implications for the respective national legislations are treated.
Author: C. Randall Henning Publisher: Peterson Institute ISBN: 9780881321272 Category : Business & Economics Languages : en Pages : 434
Book Description
Currencies and Politics is the first comprehensive, in-depth comparison of the institutions and processes that formulate domestic and external monetary policy in the U.S., Germany, and Japan. It outlines the differences in policymaking among the three countries and the policy patterns they produced over the postwar period.
Author: Peter A. Hall Publisher: Oxford University Press ISBN: 0199247749 Category : Business & Economics Languages : en Pages : 557
Book Description
Applying the new economics of organisation and relational theories of the firm to the problem of understanding cross-national variation in the political economy, this volume elaborates a new understanding of the institutional differences that characterise the 'varieties of capitalism' worldwide.
Author: International Monetary Fund. Monetary and Capital Markets Department Publisher: International Monetary Fund ISBN: 1475577737 Category : Business & Economics Languages : en Pages : 118
Book Description
This paper evaluates the risks and vulnerabilities of the German financial system and reviews both the German regulatory and supervisory framework and implementation of the common European framework insofar as it is relevant for Germany. The country is home to two global systemically important financial institutions, Deutsche Bank AG and Allianz SE. The system is also very heterogeneous, with a range of business models and a large number of smaller banks and insurers. The regulatory landscape has changed profoundly with strengthened solvency and liquidity regulations for banks (the EU Capital Requirements Regulation and Directive IV), and the introduction of macroprudential tools.
Author: Edith Klein Publisher: Nova Publishers ISBN: 9781594541919 Category : Business & Economics Languages : en Pages : 224
Book Description
This new volume presents leading international analyses of some of the most dynamic issues in the financial sector. Venture capital in the Singapore as well as the evolution of family firms are examined. The potential conflict of banks as shareholders is scrutinised as well. Other topics here include: interest rates and their predictability and smoothing, e-banking services, ownership of financial institutions and its potential impact on profitability. In addition, the predominance or lack thereof of foreign banks and the effect of them is viewed from an economic perspective.
Author: E. Owen-Smith Publisher: Routledge ISBN: 1134924240 Category : Business & Economics Languages : en Pages : 829
Book Description
Germany is clearly the dominant economic force in Europe. It occupies the pivotal position of being at the centre of both the EC and of attempts to rebuild the economies of East Central Europe. The German Economy traces the various aspects of German policy and growth, concentrating in particular on the last two decades. These include: the German economy in perspective the regional dimension fiscal policy monetary policy social policy the labour market banking and finance industry, trade and economic policy. In The German Economy Eric Owen Smith has produced the only comprehensive account of the contemporary German economy currently available in English.
Author: Thomas Lange Publisher: Berghahn Books ISBN: 9781571818805 Category : Business & Economics Languages : en Pages : 216
Book Description
Examines such issues as privatization, monetary reform, and unemployment in reunified Germany. Contributors from economics and politics discuss the complex processes of the unification and what can be learned from it about economies and societies that undergo profound transformations. They suggest that Europe as a whole is about to encounter such change of like magnitude. Annotation copyrighted by Book News, Inc., Portland, OR
Author: Jan Pieter Krahmen (editor)
Author: Jeremy Edwards
Author: Peter Stahlecker
Author: Theodor Baums
Author: C. Randall Henning
Author: Peter A. Hall
Author: International Monetary Fund. Monetary and Capital Markets Department
Author: Edith Klein
Author: E. Owen-Smith
Author: Thomas Lange