This paper is a draft for the chapter “German banks and banking structure” of theforthcoming book “The German financial system”. As such, the paper starts out with adescription of past and present structural features of the German banking industry. Given thepresented empirical evidence it...

A widely recognized paper by Colin Mayer (1988) has led to a profound revision of academicthinking about financing patterns of corporations in different countries. Using flow-of-funds datainstead of balance sheet data, Mayer and others who followed his lead found that internalfinancing is the...

This paper provides a framework for the securities transaction industry inthe EU to understand the functions performed, the institutions involved andthe parameters concerned that shape market and ownership structure. Ofparticular interest are microeconomic incentives of the industry players...