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The German banking system is characterized by high fragmentation, low profitability and low foreign ownership. Main reason for this is its particular structure
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German banks tend to be less profitable than their foreign counterparts. This paper estimates the likely effect of the phaseout of state guarantees for public s
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The German Financial System
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This book is both a reference book on Germany's financial system and a contribution to the economic debate about its status at the beginning of the twenty-first