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This paper is a draft for the chapter German banks and banking structure of the forthcoming book The German financial system edited by J.P. Krahnen and R.H. Schmidt (Oxford University Press). As such, the paper starts out with a description of past and present structural features of the German...
Persistent link: https://www.econbiz.de/10010986396
main elements of the Germany system and a survey of extant empirical accounting research generally support these arguments. …
Persistent link: https://www.econbiz.de/10010986429
We present a survey on the role of initial public offerings (IPOs) and venture capital (VC) in Germany after the Second …. The level of IPO underpricing in Germany, in contrast, has not been fundamentally different from that in other countries …. The picture for venture capital financing is not much different from that provided by IPOs in Germany. For a long time …
Persistent link: https://www.econbiz.de/10010958532
From its early post-war catch-up phase, Germany's formidable export engine has been its consistent driver of growth …. But Germany has almost equally consistently run current account surpluses. Exports have powered the dynamic phases and … economy and important labor market reforms, Germany's ability to act as global locomotive has been limited. With increasing …
Persistent link: https://www.econbiz.de/10010958648
A financial system can only perform its function of channelling funds from savers to investors if it offers sufficient assurance to the providers of the funds that they will reap the rewards which have been promised to them. To the extent that this assurance is not provided by contracts alone,...
Persistent link: https://www.econbiz.de/10010958676
change either for the better in Standort Deutschland or for the worse in the German price stability. There is ample evidence …
Persistent link: https://www.econbiz.de/10010958722