The article examines the effects of two changes of the legal and institutional framework for German banks: the modification of state liabilities for public banks and the reduction of barriers for cross-border transactions. The modification of state guarantees for public banks led to a...

There is substantial progress in the integration of European financial markets. However, integration does not mean, that disparities between national systems will totally disappear. Structural pecularities can survive dispite further harmonization. Here we focus on the European banking...

In Germany banks play a major role in finance. In tranquil times the German banking sector was known as stable but low performing in terms of return on equity. Nevertheless, since years huge problems of the state-owned "Landesbanken" have been known. Meanwhile it became clear that single banks...

Obwohl das letzte Jahrhundert im Allgemeinen durch eine starke Ausweitung der internationalen Kapitalverflechtung gekennzeichnet war, blieb Japan bis in die 90er Jahre hinein eine relativ geschlossene Volkswirtschaft. Erst mit dem Platzen der so genannten "Bubble" wurde die Öffnung der...