The German Financial System

Book Description
This is a much needed volume on the German financial system providing both a descriptive survey of the present state of the system and a new analytical framework to explain its workings. This book is written by a team of scholars, predominantly from the Centre for Financial Studies in Frankfurt.


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"This book is both a reference book on Germany's financial system and a contribution to the economic debate about its status at the beginning of the twenty-first century. Providing a comprehensive account of the many facets of the system, it covers corporate governance, relationship lending, stock market development, investor protection, the venture capital industry, and the accounting system, and reports on monetary transmission and the credit channel, regulation and banking competition, the insurance and investment industry, and mergers and acquisitions. Special chapters at the beginning and end of the book adopt the financial-system perspective, analysing the mutual fit of different features of the German financial system, and each of the fifteen chapters addresses particular myths that surround it." This book is invaluable for those who want to understand the German economy and its financial system, promising not only a compilation of facts and statistics on Germany's financial markets and institutions, but also an analysis of its current structure and the determinants of its future development.


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