The paper deals with three questions: (1) what are the measures taken by German Landesbanks to prepare for the time beyond maintenance obligation (Anstaltslast) and statutory guarantee (Gewährträgerhaftung), (2) what is the future role of German Landesbanks within the German financial sector,...

The paper deals with the motives of people to invest in overvalued markets. We resort to the concepts of behavioural fi nance to describe the most important factors. Based on these fi ndings we deduct measures to avoid misjudgement of markets participants. As Bikhchandani and Sharma (2000) show,...