Bank intermediated finance has been cited frequently as the preferred means for channeling funds from savers to firms … assertions about the considerable power of German banks and the advantages of a bank relation, empirical support is mixed. With a … unique dataset and a focus on the fragility/sturdiness of inferences, this paper evaluates German bank influence in terms of …

value and aggregate economic activity. We investigate whether and how bank governance, especially private vs. non …-private bank ownership, affects financial constraints of small and medium-sized enterprises (SMEs). We focus on SMEs because they … are more opaque, bank-dependent and riskier than large firms. Given the significant differences between private and non …

the loss given default on bank loans and corporate bonds, and seeks to empirically explain this critical relationship.(...) …

Government-nanced bank restructuring programs, occasionally costing up to 50% of GDP,are commonly used to resolve … costs under dierent nancingoptions. In our model bank credit is essential, due to a working capital constraint onrms, and …

auch der deutschen Bankenkrise von 1931. EinPhänomen, das dabei bisher wenig Beachtung fand, ist der massive Rückkauf …