Jump to ContentJump to Main Navigation
The German Financial System - Oxford Scholarship Online
Users without a subscription are not able to see the full content.

The German Financial System

Jan P. Krahnen and Reinhard H. Schmidt

Abstract

The book provides a comprehensive and up-to-date overview of all aspects of the German financial system, grounded in the current discussion about the importance of a country's financial system for its economic development. The common starting points for the book as a whole as well as for all 15 individual chapters are what the respective authors perceive as peculiarities of the German financial system and the perception that seems to prevail among foreign observers of this system.

Keywords: bank-based financial system, bank–client relationships, banks and banking structure, competition and regulation, convergence of financial systems, credit channel of monetary policy transmission, finance and accounting, financial system development, German corporate governance, German financial system, German stock exchanges, initial public offerings and venture capital

Bibliographic Information

Print publication date: 2004 Print ISBN-13: 9780199253166
Published to Oxford Scholarship Online: January 2005 DOI:10.1093/0199253161.001.0001

Authors

Affiliations are at time of print publication.

Jan P. Krahnen, editor
Chair Corporate Finance, Department of Business and Economics, University of Frankfurt
Author Webpage

Reinhard H. Schmidt, editor
Wilhelm Merton Chair for International Banking and Finance, Department of Business and Economics, University of Frankfurt
Author Webpage

Show Summary Details

subscribe or login to access all content.

Contents

View:

Front Matter

Title Pages

Preface

Figures

Tables

Notes on Contributors

PART I INTRODUCTION AND OVERVIEW

1 The Purpose and Structure of the Book

JAN PIETER KRAHNEN AND REINHARD H. SCHMIDT

2 What Constitutes a Financial System in General and the German Financial System in Particular?

REINHARD H. SCHMIDT AND MARCEL TYRELL

PART II FINANCIAL SECTORS AND CORPORATE FINANCE

3 German Banks and Banking Structure

ANDREAS HACKETHAL

4 Institutional Investors in Germany: Insurance Companies and Investment Funds

RAIMOND MAURER

5 Organized Equity Markets

ERIK THEISSEN

6 Monetary Policy Transmission and the Financial System in Germany

ANDREAS WORMS

7 Universal Banks and Relationships with Firms

RALF ELSAS AND JAN PIETER KRAHNEN

8 Initial Public Offerings and Venture Capital in Germany*

STEFANIE FRANZKE, STEFANIE GROHS, AND CHRISTIAN LAUX

9 Mergers and Acquisitions in Germany: Social Setting and Regulatory Framework

FRANK A. SCHMID AND MARK WAHRENBURG

PART III REGULATION AND CORPORATE GOVERNANCE

10 Regulation and Competition in German Banking: An Assessment

KARL-HERMANN FISCHER* AND CHRISTIAN PFEIL

11 Corporate Governance: Legal Aspects

OLIVER RIECKERS AND GERALD SPINDLER

12 Corporate Governance in Germany: An Economic Perspective

REINHARD H. SCHMIDT

13 Investor Protection and Capital Market Regulation in Germany

ERIC NOWAK

14 The Role of Accounting in the German Financial System

CHRISTIAN LEUZ AND JENS WÜSTEMANN

PART IV PERSPECTIVES

15 Taking Stock and Looking Ahead: The German Financial System at the Crossroads?

JAN PIETER KRAHNEN AND REINHARD H. SCHMIDT

End Matter

List of Websites

Index