This article discusses how the German and the international academic debates about corporate finance developed in the course of the past 50 years, and how they are related. Four different phases of development are distinguished and contrasted. The main aspect in which they differ relates to the...

The present paper is an attempt to analyse the future of banking in Europe in light of the following specific question: Will the traditional peculiarities of the continental European banking systems persist in the future or are they more likely to disappear in the wake of the evident and serious...

The paper presents an empirical analysis of the alleged transformation of the financial systems in the three major European economies, France, Germany and the UK. Based on a unified data set developed on the basis of national accounts statistics, and employing a new and consistent method of...

This paper discusses the effect of capital regulation on the risk taking behavior of commercial banks. We first theoretically show that capital regulation works differently in different market structures of banking sectors. In lowly concentrated markets, capital regulation is effective in...

This paper provides an account of the history of Deutsche Bank in the style of a narrative. Since more than 120 years, Deutsche Bank has been the most important German bank. Its history has been shaped by crises and efforts to overcome them. Moreover, throughout its history, the development of...