Chapter

German Banks and Banking Structure

Andreas Hackethal

in The German Financial System

Published in print March 2004 | ISBN: 9780199253166
Published online January 2005 | e-ISBN: 9780191601651 | DOI: http://dx.doi.org/10.1093/0199253161.003.0003
 German Banks and Banking Structure

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Examines past and present structural features of the German banking industry. It shows empirically that – whilst conventional commercial banking is clearly in decline in the United States – the traditional dominance of banks in the German financial system has not eroded significantly over the last three decades. The way in which, and the extent to which, German banks fulfil the central functions for the German financial system are still consistent with its overall logic. A structural convergence of the German system towards the market-oriented financial systems of the United States or the United Kingdom is therefore unlikely in the foreseeable future.

Keywords: bank profitability; convergence; cooperative banks; disintermediation; house-bank/hausbank; intermediation ratio; savings banks; securitisation ratio; universal banks

Chapter.  15292 words.  Illustrated.

Subjects: Financial Markets

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