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Klappentext 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. Zusammenfassung An account of the many facets of Germany's financial system, this book explains and assesses the status of the system as the world's prototype bank-based financial system at the beginning of the 21st century. It covers corporate governance, equity markets, debt markets, investment banking, accounting, regulation, and competition. PART I: INTRODUCTION AND OVERVIEW; 1. The Purpose and Structure of the Book; 2. What Constitutes a Financial System in General and the German Financial System in Particular?; PART II: FINANCIAL SECTORS AND CORPORATE FINANCE; 3. German Banks and Banking Structure; 4. Instititutional Investors in Germany: Insurance Companies and Investment Funds; 5. Organized Equity Markets; 6. Monetary Policy Transmission and the Financial System in Germany; 7. Universal Banks and Relationships with Firms; 8. Initial Public Offerings and Venture Capital in Germany; 9. Mergers and Acquisitions in Germany: Social Setting and Regulatory Framework; PART III: REGULATION AND CORPORATE GOVERNANCE; 10. Regulation and Competition in German Banking; 11. Corporate Governance: Legal Aspects; 12. Corporate Governance in Germany: An Economic Perspective; 13. Investor Protection and Capital Market Regulation in Germany; 14. The Role of Accounting in the German Financial System; PART IV: PERSPECTIVES; 15. Taking Stock and Looking Ahead: The German Financial System at the Crossroads?; Index
Inhaltsverzeichnis
- Part I: Introduction and Overview
- 1: Jan Pieter Krahnen and Reinhard H. Schmidt: The Purpose and Structure of the Book
- 2: Reinhard H. Schmidt and Marcel Tyrell: What Constitutes a Financial System in General and the German Financial System in Particular?
- Part II: Financial Sectors and Corporate Finance
- 3: Andreas Hackethal: German Banks and Banking Structure
- 4: Raimond Maurer: Instititutional Investors in Germany: Insurance Companies and Investment Funds
- 5: Erik Theissen: Organized Equity Markets
- 6: Andreas Worms: Monetary Policy Transmission and the Financial System in Germany
- 7: Ralf Elsas and Jan Pieter Krahnen: Universal Banks and Relationships with Firms
- 8: Stefanie Franzke, Stefanie Grohs, and Christian Laux: Initial Public Offerings and Venture Capital in Germany
- 9: Frank A. Schimd and Mark Wahrenburg: Mergers and Acquisitions in Germany: Social Setting and Regulatory Framework
- Part III: Regulation and Corporate Governance
- 10: Karl-Hermann Fischer and Christian Pfeil: Regulation and Competition in German Banking
- 11: Oliver Rieckers and Gerald Spindler: Corporate Governance: Legal Aspects
- 12: Reinhard H. Schmidt: Corporate Governance in Germany: An Economic Perspective
- 13: Eric Nowak: Investor Protection and Capital Market Regulation in Germany
- 14: Christian Luez and Jens Wüstemann: The Role of Accounting in the German Financial System
- Part IV: Perspectives
- 15: Jan Pieter Krahnen and Reinhard H. Schmidt: Taking Stock and Looking Ahead: The German Financial System at the Crossroads?
- Index
Zusammenfassung
An account of the many facets of Germany's financial system, this book explains and assesses the status of the system as the world's prototype bank-based financial system at the beginning of the 21st century. It covers corporate governance, equity markets, debt markets, investment banking, accounting, regulation, and competition.
