Koetter, Michael; Nestmann, Thorsten; Stolz, Stéphanie; … - Institut für Weltwirtschaft (IfW) - 2004
In this paper, we investigate the claim that German banks are special compared to banks in other industrialised … economies. We show that banks are of particular importance to the German economy—as financial intermediary, as lender to the … corporate sector, and as part of the corporate governance system. Further, German banks are supervised by two supervisory …