Banking and finance in West Germany / / Hans-Hermann Francke and Michael Hudson

• Record Nr.: UNINA9910462562503321
• Autore: Francke Hans-Hermann
• Pubbl/distr/stampa: Abingdon, Oxon : , : Routledge, , 2012
• ISBN: 1-136-30126-7; 0-203-11689-5
• Descrizione fisica: 1 online resource (251 p.)
• Collana: Routledge Library Editions: Banking & Finance ; ; Volume 14
• Altri autori (Persone): HudsonMichael <1937->
• Disciplina: 332.1/0943
• Soggetti: Finance - Germany (West); Banks and banking - Germany (West); Electronic books.
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: First published in 1984 by Croom Helm.
• Nota di contenuto: Front cover; Half Title; Title Page; Copyright; Title Page; Original Copyright; CONTENTS; 1. AN HISTORICAL INTRODUCTION AND AN OVERVIEW OF THE BOOK; I. Introduction; II. The Universal Banks; III. The Instability of the System; IV. Conclusion and Overview of the Book; 2. THE DEUTSCHE BUNDESBANK; I. The History of the Reichsbank; II. The Origins and Development of the Bundesbank; III. The Autonomy of the Bundesbank; IV. Duties and Functions of the Bundesbank; 3. THE CREDIT INSTITUTIONS IN THE FEDERAL REPUBLIC OF GERMANY; I. Basic Structural Characteristics; 1. The Universal Bank; 2. Concentration, Interlinking and Internationalisation3. The Three-Sector System; II. The Individual Groups; 1. Private Commercial Banks; 2. The Savings Bank; 3. The Cooperative Banks; 4. Other Credit Institutions with Specialised Functions; III. Legal Framework and Bank Supervision; 1. The Law on Banking; 2. Banking Supervision; 4. THE FINANCIAL MARKETS; I. The Characteristics of the German Financial System; 1. The New Beginning after the Currency Reform of 1948; 2. Phases in the Development of the Financial System; II. The Individual Capital Markets; 1. Bank Lending; 2. The Markets in Fixed-Interest Securities and SharesIII. The Money Market; 5. THE INSTRUMENTS OF MONETARY POLICY; I. The Individual Instruments; 1. Discount Policy; 2. Instruments Relating to Foreign ; Transactions; II. Instruments to Control the Use Made of Central Bank Money; 1. Open Market Operations; 2. Minimum Reserve Policy; III. The Operation of the Instruments of Monetary Policy; 1. The Concentration on Minimum Reserve Policy until 1973; 2. The Focus on the Foreign Exchange Rate and the Interest Rate Since 1973; 6.MONETARY TARGETS IN THE FEDERAL REPUBLIC; I. Monetary Policy under the Bretton Woods System1. External vs. Internal Stability; 2. The Intermediate Targets of Monetary Policy; II. The Move to a Money Supply Target in 1974; 1. Free Liquid Reserves and Bank Lending Activity; 2. The Quantity of Central Bank Money; 3. West German Experience with a Monetary Target; 7. THE FUTURE DEVELOPMENT OF THE SYSTEM; I. Tendencies in the Development of the Payments System; 1. Technological and Financial Innovation; 2. Consequences for Monetary Policy; II. New Risks in Banking; 1. Risks in Domestic Financing; 2. Risks in International Lending; 3. Risks Arising from Changes in Monetary PolicyIII. Problems of Bank Supervision and Legislation; 1. The Problem of Capital Resources; 2. Problems of Information as to Foreign Involvements; IV. Can the West German System be transferred to other Countries?; INDEX
• Sommario/riassunto: This is a clear guide to the German financial system. It begins by outlining its historical development, emphasising the growth of close ties between the banking system and industry, and goes on to describe in details the nature of the credit institutions in general and the money and capital markets. The book emphasizes the crucial role played by the autonomy of the Bundesbank and it explains with clear illustrations the instruments available to it to conduct monetary policy. It analyses the type of monetary target adopted by the Bundesbank in the early 1970s and deals with the 'tran