Der vorliegende Band enthält die überarbeiteten Beiträge zur Jahrestagung der Arbeitsgruppe Wettbewerb des … internationalen Wettbewerb ausgesetzter Kapitalmärkte eine grenzüberschreitende Wertpapieraufsicht notwendig ist. Daß der Markt für … Finanzdienstleister im Wettbewerb erfüllen müssen. Bernhard Hafner (Allgemeine Deutsche Direktbank AG) schildert seine Erfahrungen beim …

financial system in which there is intense competition among banks for private households' funds. Following earlier work by … contracts is restrained by households' financial market access. However, we also assume spatial monopolistic competition among … monopoly rents also entails a positive effect; however, this beneficial effect is only relevant if competition among banks does …

liquidity shocks. But in contrast to these approaches we assume spacial monopolistic competition among banks. Since monopoly … positive effect. But this beneficial effect is only relevant if competition among banks does not sufficiently restrain monopoly … rents already. Thus our results suggest that in the bank-dominated financial system of Germany, in which banks intensely …