effects of banking consolidation in Germany. As small and medium sized German companies traditionally almost exclusively rely … on bank credit and as they represent the vast majority of the corporate sector reduced credit availability for those … banking consolidation in Germany does not have a significant negative impact on the financing of small and medium …

risk factors, we separate the bank-specific selection and monitoring abilities from the composition of the loan portfolio …, on average, lower loan losses, (b) the loss rate of a given industry in a bank's loan portfolio is lower if the bank has …

or financial companies. After an overview on the role of banks in bank-based versus market-based financial systems, and … industrial companies, but also between financial companies in Germany. Discussing the reasons for cross-holdings within the … structure of the Deutschland AG and about a different role of cross-holdings at different levels of the German financial system …