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The German State Banks: Global Players in the International Financial Markets Book

The German State Banks: Global Players in the International Financial Markets
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  • The German State Banks: Global Players in the International Financial Markets
  • Written by author Hans-Werner Sinn
  • Published by Elgar, Edward Publishing, Inc., December 1999
  • Professor Sinn critically scrutinizes the privileges of the German Landesbanks and questions the justification of government intervention in the banking sector. He predicts that European integration and the introduction of the euro will lead to a fierce t
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List of figures
List of tables
Preface
1European integration and the landesbanks1
2The government in the German banking system3
3The competitive advantages of the public banks26
4Is government intervention in the banking sector justified? - irrelevant arguments49
5Should the government insure banks?72
6A plea for the reform of the capital market91
App. 1The history of banking in Germany97
App. 2The real aims of the landesbanks as revealed in press articles and the annual reports of the banks103
App. 3The increase in the balance sheet totals of the landesbanks and the Westdeutsche Immobilienbank114
A3.1The changes in the balance sheet totals of the landesbanks114
A3.2The theoretical balance sheet total of the Westdeutsche Immobilienbank in Mainz122
App. 4Outline of the Savings & Loan Association crisis124
App. 5Risk preference as the result of limiting liability - the theory of the S&L crisis127
Bibliography: articles and books130
Statistical sources, laws, news reports and newspapers135
Subject index137
Name index139


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