This article investigates the impact of the socioreligious segregation of Dutch society on the asset allocation choices of rural bankers and the withdrawal behavior of their depositors during the early 1920s. Results suggest that cooperatively-owned Raiffeisen banks for both Catholic and...

Saving in the "Zero Interest Period". Private Investors and the Capital Market in Germany in the First World War: This paper offers a look back at the period of zero interest and even negative interest during the First World War. In contrast to the current period of low interest rates, during...

Hamburg as a Site of Private Full-service/ Major Banks in the 19th and Early 20th Centuries: The Hamburg banking sector experienced considerable structural changes in the period from 1850 until into the 1930s. Around 1856 and 1870, a large number of new banks were founded, mostly in the form of...

The history of German ship mortgage and ship Pfandbrief banks goes back to the end of the First World War. However, the financial crisis from 2007 to 2009 and even more so the current crisis in shipping prevented their business model from coming under increasing criticism. Firstly, this article...

This paper provides an account of the history of Deutsche Bank in the style of a narrative. Since more than 120 years, Deutsche Bank has been the most important German bank. Its history has been shaped by crises and efforts to overcome them. Moreover, throughout its history, the development of...

Why do some banks fail in financial crises while others survive? This paper answers this question by analysing the consequences of the Dutch financial crisis of the 1920s for 143 banks, of which 37 failed. Banks' choices in balance sheet composition, corporate governance practices and...

Die Corona-Pandemie und die ergriffenen Maßnahmen zur Eindämmung bedeuten erhebliche wirtschaftliche Einbußen für viele Unternehmen in Deutschland. Die durch die Corona-Krise ausgelöste Rezession dürfte mindestens so schlimm wie in der letzten Finanzkrise ausfallen. Die Politik handelte...