Schwan, Michael; Cassell, Mark K. - In: IBF paper series (2022) 1, pp. 1-14
rests on its unique three-pillar banking system with its strong position of public and cooperative banks. This chapter takes … a close look at German savings banks and reassesses the role of Sparkassen. Sketching main sectoral developments since … the 1990s the chapter develops a threefold argument. First, savings banks successfully navigated through the white water …