Cooperative Governance in Banking: Consequences for Decision-Making Processes

Friederike Sattler ()
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Friederike Sattler: Goethe-University

A chapter in Decision Taking, Confidence and Risk Management in Banks from Early Modernity to the 20th Century, 2017, pp 81-102 from Palgrave Macmillan

Abstract: Abstract According to modern economic theory, the decisions of economic players always relate to the future and therefore necessarily take place under conditions of uncertainty that can only be reduced through the formation of expectations. Building on this assumption, the author argues for the development of a model for experience-based expectation formation. Using the decisions of German universal banks in favour of a strategy of club banking for their investments abroad during the late 1960s and 1970s as a case study, the paper identifies the most relevant questions that should be addressed by further empirical research in order to construct such a historically sound model for experience-based expectation formation and decision-making processes with regard to multilateral cooperative governance in banking.

Keywords: Foreign Bank; Saving Bank; Retail Banking; Expectation Formation; German Bank (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psitcp:978-3-319-42076-9_4

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DOI: 10.1007/978-3-319-42076-9_4

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