Das OLG Bremen hat die Klage gegen die Bremer Sparkasse auf Einrichtung eines Girokontosauf Guthabenbasis zu Recht abgewiesen. Ein dahingehender Anspruch des Klägers folgtweder aus der ZKA-Empfehlung „Girokonto für jedermann“ und einem Einverständnis des„Gesetzgebers“ noch lässt er...

The Japanese Fiscal Investment and Loan Progam (FILP) will be fundamentally changed in April 2001. We are comparing the pre- and post-reform Japanese system with the German system of policy-based finance and we have found that the German system is quite different. In the case of the...

Für einen, der ganz neu, aber nicht mehr ganz jung ist, ist es ein grosser Moment, inder Aula der Alma Mater seine Antrittsvorlesung präsentieren zu dürfen. Aus dieserSicht dürfte es verständlich sein, dass ich mit dem Titel „Die Zeit der Banken“ einvielleicht etwas ambitiöses Thema...

The transformation of private savers’ funds into business loans – the very essential function ofbanking intermediation - is weak in Belarus compared to other Eastern European economies.High concentration, governmental interference, an inconsistent regulation and a difficultbusiness environment...

We derive a general framework for collateral risk control determination for central bank's open market operations. This framework allows us to determine the schedule of haircuts consistent with the risk tolerated by the central bank while at the same time reducing the possibility of arbitrage...

Among the policy responses to the global financial crisis, the international provision of US dollars via central bank swap lines stands out. This paper studies the build-up of stresses on banks' balance sheets that led to this coordinated policy response. Using the BIS international banking...

The purpose of this essay is to assess the automatic exchange of information as described in EU Directive2003/48 of 3 June 2003 on taxation of savings income in the form of interest payments with regard to thefundamental right of the individual to a private life, to banking secrecy and the...

This paper analyzes the effects of bank lending on German commercial property prices. The theory on therole of …financial intermediaries in business cycle activity states that lending activity is characterized byasymmetric information between borrowers and lenders. Unlike other...

Many developing and emerging markets have high degrees of state bank ownership. In addition, therecent global financial crisis has led to significant state ownership of banking assets in developedcountries such as the United Kingdom. These observations beg the question of whether...

This paper analyzes the evolution in bank performance following the removal of legalrestrictions on the entry of foreign banks in three transition economies: the Czech Republic,Hungary, and Poland. Two modes of foreign bank entry are considered: entry by Greenfieldinvestments, and by foreign...