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The German State Banks: Global Players in the International Financial Markets

The German state banks – or Landesbanks – are not only some of the largest banks in Germany but are also a dominant force in the international banking sector. These state-owned banks enjoy special privileges and government support which have made them major players in the global arena of banking and finance.

Protected by the German taxpayer’s seemingly bottomless pockets in the form of state warranties, Landesbanks are able to take part in financing some of the largest projects in the world. They occupy nearly fifty per cent of the top places in both Moody’s and Standard and Poor’s international rankings. Professor Sinn critically scrutinizes the privileges of the German Landesbanks and questions the justification of government intervention in the banking sector. He predicts that European integration and the introduction of the Euro will lead to a fierce take-over battle between Europe’s banks. He argues that, given the state warranties, it seems likely that the German Landesbanks will be among the winners in this battle and concludes that the German public banking system has grown far larger than is appropriate for a market economy.

This timely book addresses issues of concern for European bankers and policymakers alike. It will also be of interest to students and scholars of financial economics, European integration and money and banking.

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Author: Hans-Werner Sinn

Edition: 1

Binding: Hardcover

Condition: New

Manufacturer: Edward Elgar Pub

Number of items: 1

Number of pages: 160

Product group: Book

Studio: Edward Elgar Pub

Publication Date: November 1, 1999

Publisher: Edward Elgar Pub

Pages: 160

EAN: 9781840640212

ISBN: 1840640219

ASIN: 1840640219

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Hans-Werner Sinn
Präsident des ifo Instituts a.D., Professor für Nationalökonomie und Finanzwissenschaft an der Universität München Impressum: http://www.hanswernersinn.de/de/impressum