This paper is a draft for the chapter German banks and banking structure of the forthcoming book The German financial … conventional commercial banking is clearly in decline in the US, it is far from clear whether the dominance of banks in the German … extent to which German banks fulfil the central functions for the financial system are still consistent with the overall …

interest rate on the other hand expands lending by lowly versus highly capitalized banks relatively more in the foreign than in …

insurance sector can cause the current value of banks assets to be less than the current value of their liabilities so the banks … are insolvent. In contrast, if historic cost accounting is used, banks are allowed to continue and can meet all their …

In Germany a public discussion on the power of banks has been going on for decades now with the term power having at … least two meanings. On the one hand, it denotes the power of banks to control public corporations through direct … shareholdings or the exercise of proxy votes this is the power of banks in corporate control. On the other hand, the market power …

This paper analyzes banks choice between lending to firms individually and sharing lending with other banks, when firms … and banks are subject to moral hazard and monitoring is essential. Multiple-bank lending is optimal whenever the benefit …. The model predicts a greater use of multiple-bank lending when banks are small relative to investment projects, firms are …

, thereby incurring more systematic risk. We find an increase of the banks betas, but no significant stock price e.ect around …

This paper discusses the role of internal corporate ratings as a means by which commercial banks condense their … leading universal banks in Germany, we are able to evaluate the extent to which non-public information determines corporate …