The German Financial System
The German Financial System
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Abstract
The book provides a comprehensive and up-to-date overview of all aspects of the German financial system, grounded in the current discussion about the importance of a country's financial system for its economic development. The common starting points for the book as a whole as well as for all 15 individual chapters are what the respective authors perceive as peculiarities of the German financial system and the perception that seems to prevail among foreign observers of this system.
The book covers a wide range of topics from the banking system, the stock exchanges, bank–client relationships, regulation and competition in the financial sector to corporate governance and financial accounting in Germany.
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Front Matter
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PART I INTRODUCTION AND OVERVIEW
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PART II FINANCIAL SECTORS AND CORPORATE FINANCE
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3
German Banks and Banking Structure
Andreas Hackethal
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4
Institutional Investors in Germany: Insurance Companies and Investment Funds
Raimond Maurer
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5
Organized Equity Markets
Erik Theissen
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6
Monetary Policy Transmission and the Financial System in Germany
Andreas Worms
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7
Universal Banks and Relationships with Firms
Ralf Elsas andJan P. Krahnen
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8
Initial Public Offerings and Venture Capital in Germany
Stefanie Franzke and others
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9
Mergers and Acquisitions in Germany: Social Setting and Regulatory Framework
Frank A. Schmid andMark Wahrenburg
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3
German Banks and Banking Structure
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PART III REGULATION AND CORPORATE GOVERNANCE
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10
Regulation and Competition in German Banking: An Assessment
Karl-Hermann Fischer andChristian Pfeil
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11
Corporate Governance: Legal Aspects
Oliver Rieckers andGerald Spindler
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12
Corporate Governance in Germany: An Economic Perspective
Reinhard H. Schmidt
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13
Investor Protection and Capital Market Regulation in Germany
Eric Nowak
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14
The Role of Accounting in the German Financial System
Christian Leuz andJens Wüstemann
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10
Regulation and Competition in German Banking: An Assessment
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PART IV PERSPECTIVES
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End Matter
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