supposed role in corporate governance and industrial finance.Many discussions distort the German banking system by over …-stressing oneof several types of banks, and ignore the competition and cooperationbetween the famous universal banks and other banking … groups. Tracing thehistorical development of the German banking system from the earlynineteenth century places the large …

. We show that the risk allocation is efficient if there is no workout of banking crises. In this case, banks will shift … part of the risk to depositors. In contrast, under a workout of banking crises, depositors receive non-contingent contracts …

2000). On the other hand, the banking and currency crisis literature finds that monetary aggregates, such as domestic … intermediation around systemic banking crises and, second, showing that the growth enhancing effects of financial depth are weaker in …

tested hypotheses. They also reveal persistent fragmentation between EMU core and periphery banking systems caused by a … deficit of trust in periphery banking systems, unmitigated by the introduction of OMT and European Banking Union. Our findings …

between the capitalization of the banking sector and bank loans using panel cointegration models. We study the evolution of …

explain why Asian banks were undercapitalised and took excessive risks before the banking crisis emerged. …