Delegated Monitors, Large and Small: The Development of Germany's Banking System, 1800-1914

Timothy Guinnane

No 28447, Center Discussion Papers from Yale University, Economic Growth Center

Abstract: Banks play a greater role in the German financial system than in the United States or Britain. Germany's large universal banks are admired by those who advocate bank deregulation in the United States. Others admire the universal banks for their supposed role in corporate governance and industrial finance. Many discussions distort the German Banking system by overstressing one of several types of banks, and ignore the competition and cooperation between the famous universal banks and other banking groups. Tracing the historical development of the German banking system from the early nineteenth century places the large universal banks in context.

Keywords: Financial; Economics (search for similar items in EconPapers)
Pages: 88
Date: 2001
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://ageconsearch.umn.edu/record/28447/files/dp010835.pdf (application/pdf)

Related works:
Working Paper: Delegated Monitors, Large and Small: The Development of Germany’s Banking System, 1800-1914 (2001)
Working Paper: Delegated Monitors, Large and Small: The Development of Germany's Banking System, 1800-1914 (2001)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:yaleeg:28447

DOI: 10.22004/ag.econ.28447

Access Statistics for this paper

More papers in Center Discussion Papers from Yale University, Economic Growth Center Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().