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Competitive Strategies in European Banking$
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Jordi Canals

Print publication date: 1994

Print ISBN-13: 9780198773504

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780198773504.001.0001

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The German Banking Industry

The German Banking Industry

(p.84) 3 The German Banking Industry
Competitive Strategies in European Banking

Jordi Canals

Oxford University Press

This chapter examines the core of the German financial system and analyses the performance of German banks by looking at the Deutsche Bundesbank, the German central bank whose prudence in managing monetary policy and financial deregulation has fostered financial innovation in West Germany. It explains that it is possible to distinguish between two large groups of banks – the first is the group of universal banks which make up three-quarters of the sector's total business and includes three types of firms: commercial banks, savings banks, and credit cooperatives; the second group consists of those banks that offer more specialized services: mortgage banks, specialized banks, and postal-banking services. The chapter shows the dominance of universal banks over specialized banks, from the point of view of credit investment and shareholder assets, and adds that the comparative number of branches also confirms this.

Keywords:   financial system, Deutsche Bundesbank, central bank, monetary policy, financial deregulation, financial innovation, West Germany, universal banks, specialized banks

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