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This article examines the spread of financialization in Germany before the financial crisis. It provides an up-to date overview on the literature on financialization and reviews which of the phenomena typically associated with financialization have emerged in Germany. In particular, the article...
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in general as well as to the specific three-pillar structure of the German banking system. The most striking changes in …
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The financial crisis of 2007-08 has stressed the importance of a sound financial system. Unlike other studies weighing the pros and cons of market versus bank-based systems, this paper investigates whether the main elements of the German financial system can be regarded as complementary and...
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time. The essential point of the reorientation is a deep cut into the bank's investment banking activities. At the same …
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The structural diversity of the German banking market and the associated variety of business models is thought to have … been an important factor in the stability of the German banking market in recent decades. This diversity is manifested both … in the three-pillar structure of the German banking industry and within the pillars themselves. However, empirical …
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