Articles 1 - 1 of 1
Full-Text Articles in Social and Behavioral Sciences
German Banks In The Global Economy: Global Pressures And Public Sector Banking, Jason A. Gorn
Pitzer Senior Theses
German banking is distinguished from neighboring European banking systems by the influence of its public sector banks. Nearly 50 percent of German banking is carried out by government owned state banks (ländesbanken) and regional savings banks (sparkassen) whose roots date from the 18 th century. German banks play a particularly important role in the economy and exert more control over firms and corporations than do their American counterparts. German banks tend to be less profitable than foreign counterparts. German public banks were originally founded to foster local and regional business. However, the operations of German public sector banks now extend ...