The introduction of a common currency as well as the harmonization of rules and regulationsin Europe has significantly reduced distance in all its guises. With shrunken costs ofovercoming space, this emphasizes centripetal forces and it should foster consolidation offinancial activity. In a...

The paper provides an overview and an economic analysis of the development of the corporate governance of German banks since the 1950s, highlighting peculiarities - as seen from the meanwhile prevailing standard model perspective - of the German case. These peculiarities refer to the specific...