Schäfer, Dorothea - In: Vierteljahrshefte zur Wirtschaftsforschung / Quarterly … 79 (2010) 1, pp. 117-129
In 1989 a report has already highlighted the "below-average earnings potential" of the German Landesbanken and called for the merger of these state banks into a single central institution. However, 20 years later the bad bank law of Germany saved the ailing Landesbanken not only from write-downs...