Buch, Claudia M.; Golder, Stefan M. - In: Banca Nazionale del Lavoro Quarterly Review 53 (2000) 213, pp. 107-133
The German financial system is characterized by low degrees of penetration by foreign commercial banks and of (bank) disintermediation compared to, for instance, the United States. This could be attributed to the fact that universal banking in Germany creates implicit barriers to entry. Yet,...
