Academic literature on the topic 'Investment banking, germany'
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Journal articles on the topic "Investment banking, germany"
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Engel, Dirk, and Torge Middendorf. "Investment, internal funds and public banking in Germany." Journal of Banking & Finance 33, no. 11 (November 2009): 2132–39. http://dx.doi.org/10.1016/j.jbankfin.2009.05.006.
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Spahija, Fidane. "The Investment and Net Interest Margin: Case Study Commercial Banks in Kosovo." European Journal of Multidisciplinary Studies 1, no. 2 (April 30, 2016): 117. http://dx.doi.org/10.26417/ejms.v1i2.p117-126.
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In Kosovo, but in all developing countries, the foreign investment is the locomotive of the country that considered as the most important economic sectors. In general it can be concluded that most of the investment originates from developed countries and that these investments return to these places. Origin of investments in Kosovo mainly comes from countries such as Austria, Germany, Slovenia, Great Britain, Switzerland, Turkey, the Netherlands, Albania, Serbia, USA, France, Macedonia, Croatia, Cyprus, Norway, Italy, Greece etc. The banking sector in Kosovo has been very attractive to the foreign investors. A total of nine commercial banks, seven are foreign owned. Foreign investments are primarily generated as investments in shares of foreign shareholders from different countries of the world. Investments in securities have increased by the banking sector in 2014. With the change of the interest rate it has also changed net interest margin of the banking sector. Interest on loans and deposits has continued to decline. Especially interest rates on deposits in 2014 have fallen to 1. 1%. This linked to the investment bank in securities of our government as the initiator in this area but cannot be denied to the investment of foreign governments. With the decrease of credit interest rate will be the development of sustainable economic growth and boost investment.
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Nabilou, Hossein. "Can the Plight of the European Banking Structural Reforms be a Blessing in Disguise?" European Business Organization Law Review 22, no. 2 (February 22, 2021): 241–81. http://dx.doi.org/10.1007/s40804-021-00206-2.
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AbstractOne of the problems perceived to be at the heart of the global financial crisis was an amalgamation of various commercial and investment banking activities under one entity, as well as the interconnectedness of the banking entities with other financial institutions, investment funds, and the shadow banking system. This paper focuses on various measures that aim to structurally separate the banking entities and their core functions from riskier financial activities such as (proprietary) trading or investments in alternative investment funds. Although banking structural reforms in the EU, the UK, and the US have taken different forms, their common denominator is the separation of core banking functions from certain trading or securities market activities. Having reviewed the arguments for and against banking structural reforms and their varieties in major jurisdictions, including the EU, UK, US, France, and Germany, the paper argues that a more nuanced approach to introducing such measures at the EU level is warranted. Given the different market structures across the Atlantic and the lack of conclusive evidence of the beneficial impact of banking structural reforms, the paper concludes that the withdrawal of the banking structural reforms proposal by the European Commission has been a prudent move. It seems that in the absence of concrete evidence, experimenting with structural reforms at the Member-State level would be less costly and would provide for opportunities for learning from smaller experiments that could pave the way for a more optimal approach to banking structural reforms at the European level in the future.
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Sundjaja, Arta Moro. "Investment Cost Model in Business Process Intelligence in Banking And Electricity Company." ComTech: Computer, Mathematics and Engineering Applications 7, no. 2 (June 1, 2016): 113. http://dx.doi.org/10.21512/comtech.v7i2.2248.
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Higher demand from the top management in measuring business process performance causes the incremental implementation of BPM and BI in the enterprise. The problem faced by top managements is how to integrate their data from all system used to support the business and process the data become information that able to support the decision-making processes. Our literature review elaborates several implementations of BPI on companies in Australia and Germany, challenges faced by organizations in developing BPI solution in their organizations and some cost model to calculate the investment of BPI solutions. This paper shows the success in BPI application of banks and assurance companies in German and electricity work in Australia aims to give a vision about the importance of BPI application. Many challenges in BPI application of companies in German and Australia, BPI solution, and data warehouse design development have been discussed to add insight in future BPI development. And the last is an explanation about how to analyze cost associated with BPI solution investment.
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Kuo, Kuo Cheng, Sue Ling Lai, Khunlaphat Chancham, and Ming Liu. "Energy Consumption, GDP, and Foreign Direct Investment in Germany." Applied Mechanics and Materials 675-677 (October 2014): 1797–809. http://dx.doi.org/10.4028/www.scientific.net/amm.675-677.1797.
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This research studies the causal relationship between energy consumption, gross domestic product (GDP), and foreign direct investment (FDI) in Germany for a period of 1971-2010. The empirical results reveal that there is a unidirectional causality running from GDP to energy consumption and from GDP running to FDI in Germany. This is due to the highly rising trends of economic activities in the country which can lead to the expansion in energy consumption. As there is an increase in economic activities within the country, then the growth rate will be in the rising path. As a result, the foreign investors will see the promising future and then invest in the host country. The conservative energy policy is recommended to support the energy saving because it will have little or no adverse effect on GDP. The energy efficiency should be applied by encouraging the use of renewable energy sources in economic activities as an alternative to stimulate the economic growth of the country. Also, the public expenditure should be expanded to increase the country’s economy and attract foreign investors. In addition, the government should support for the service industry such as insurance, finance and banking, and tourism because this type of industry does not consume as much energy as the manufacturing industry does in the overall manufacturing processes. Besides, the government should provide tax credit for the manufacturers who can fulfill the energy efficiency for their operation.
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Stoika, Viktoriia. "Integration of Islamic banking in the national banking sector: foreign experience." SHS Web of Conferences 65 (2019): 09004. http://dx.doi.org/10.1051/shsconf/20196509004.
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The rules of banking management in Muslim countries are based on the Sharia Law, that is, a set of rules and laws relating to the management of the economy, social, political and cultural aspects of Islamic society. Sharia Law also prohibits the conclusion of immoral transactions and endorses social justice, which is ensured through the distribution of risks and returns, and the implementation of social investment. In the context of economic globalization, this phenomenon is already quite distinguished and is considered a worthy competitor to the traditional banking system. Features of Islamic banking institutions activities become their advantages in comparison with traditional banking institutions. That is why Islamic banks have become active participants in the global financial market, despite the specific nature of their operations and the difficulties of their adaptation to international practice. Islamic banking has spread not only in the developed countries of Western Europe, but also in Central Asia. The study of the process of Islamic banks activities in the financial markets of such countries as Great Britain, Germany, Kazakhstan and Uzbekistan allows us to identify two forms of their functioning: establishment of Islamic windows by banking institutions of these countries and direct entry of banks that originate from Islamic countries. The experience of the above-mentioned countries regarding the integration of Islamic banking into the national financial sector has shown, first of all, the need to develop an appropriate regulatory framework, to form an appropriate infrastructure, to conduct awareness-raising activities, to strengthen international cooperation with investor countries.
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Musile Tanzi, Paola, Elena Aruanno, and Mattia Suardi. "A European banking business models analysis: the investment services case." Journal of Financial Regulation and Compliance 26, no. 1 (February 12, 2018): 35–57. http://dx.doi.org/10.1108/jfrc-04-2016-0028.
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Purpose Business Model Analysis is acquiring increasing visibility in the European banking regulatory framework, following the European Banking Authority guidelines on common procedures and methodologies for the supervisory review and evaluation process (SREP), developed to assess business and strategic risks (EBA, 2014, 2015a, 2015b, 2015c). Starting from a selected literature review, in the paper, the authors analyse business models set up by financial intermediaries, bank and non-banks, for the distribution of investment services, first by comparing European niche players with European banking global players, and second, comparing European niche players among themselves to understand the evolution of business models for the distribution of investment services at European level. The research is supported by the Baffi–Carefin Research Centre at the Bocconi University (Italy), in collaboration with ANASF, the Italian Association of Financial Advisors (Italy). Design/methodology/approach The authors consider a sample of European financial players from 2009 to 2014. The authors’ focus is on France, Germany, Italy, The Netherlands, Spain and the UK; overall the authors’ handmade data set is based on 162 annual reports. The authors follow two main questions: Do the niche players, as they are focused on the distribution of investment services, have an upper limit to profitability, compared to the global players, as risk-takers in many financial areas? How is the business model of niche players changing, facing increasing competition and regulatory pressures? Findings Answering the first research question, the highest net profitability is found in the niche players group; the global players, as risk-takers, achieve lower remuneration, in contrast with the risk premium theory. The results were assessed over a limited period, however, deemed in line with the company’s strategic planning horizon. Answering the second research question, the authors focus on the case of niche players, using a cluster analysis. The authors identify three different business models: most dynamic niche players, which combine investment services, insurance and welfare services, achieving the highest margins and stability; players mainly focused on asset management, whose key vulnerability is the degree of open architecture, especially in light of future MiFID 2 implementation; and players mainly focused on the creation of well-structured on-line platforms, which offer also brokerage services, thereby reducing their marginality and potentially increasing their business risk. Research limitations/implications Despite the limited time series, the authors’ research gives some inputs for those interested in deepening the business model analysis focus on the distribution of investment services and the business and strategic risk assessment, both for the global banks and the niche players (banks and non-banks). Practical implications The authors’ results could be of some interest during the strategic assessment of global banks and niche players, both adopting an internal perspective or an external one, as regulator. Social implications By giving some specific insights into the assessment and comparison of business and strategic risks among global and niche players, the authors’ research provides the basis for further research in the field of the distribution of investment services. Originality/value The originality mainly regards the business model risk perspective and the focus of the authors’ analysis: the distribution of investment services. This sector, unlike the asset management, does not have an easily recognisable group of comparables at European level, all the European countries analysed have very different business models. This research avails of an original database, that is unique to Europe.
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Brophy, James M. "The Political Calculus of Capital: Banking and the Business Class in Prussia, 1848–1856." Central European History 25, no. 2 (June 1992): 149–76. http://dx.doi.org/10.1017/s0008938900020306.
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The emergence of commercial investment banks after the revolution of 1848 was an institutional breakthrough for modern capitalism and one of the central factors in the accelerated development of the Industrial Revolution in Germany between 1848 and 1871. The accumulation and mobilization of capital in concentrated and accessible forms was indispensable for underking such large-scale projects as railroads, coal mines, and iron works. Long-term promotional loans that enabled entrepreneurs to start up new business became a self-evident necessity in the growth of modern business. As one bank director noted, “capital, more than water, steam, or electricity, put the machines into motion.”
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Verbytska, V., and V. Bredikhin. "ASSET DIVERSIFICATION THROUGH APPLICATION HOARDING INVESTMENTS." Series: Economic science 5, no. 158 (September 25, 2020): 46–51. http://dx.doi.org/10.33042/2522-1809-2020-5-158-46-51.
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The current state and tendencies of development of hoarding investment by legal entities and the population of the country are considered in the article. It is especially important that these investments are available not only for legal entities, but also for the population, where there is a clear relationship between changes in the share of savings hoarded by private individuals and fluctuations in uncertainty, and growing investment and hoarding demand are the consequences of the financial crisis. inflation expectations, geopolitical instability and growing needs for diversification. On the basis of economic-theoretical analysis the essence, character of behavior, types and conditions of realization of hoarding investments (TI) in crisis economy are analyzed. The concept of "hoarding investments" has been clarified. The main subjects and objects of hoarding investments are identified. The objects of hoarding investments are bank metals (and coins from them) precious stones, jewelry, art objects and antiques. Available types, modern tendencies, methods and conditions of realization of hoarding investments are investigated. Coins issued by both Ukrainian and foreign banks were found to be numismatically valuable. However, foreign coins entering our market are usually issued in large numbers and, accordingly, have less numismatic value. In the United States, consumption of diamond jewelry is constantly growing due to the combination of domestic market unsaturation with well-established lending mechanisms, Europe is characterized by stagnation in the consumption of diamond jewelry, and for some countries, such as Germany, even a reduction. Hoarding investments in collectibles are specific in nature, due to their complexity, the relatively narrow market for each type of collection, the need for special knowledge and skills for proper investment. Keywords: hoarding investments, banking institutions, crisis economy, risk diversification, coins, precious stones, collectibles, profitability, interest.
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Masiukiewicz, Piotr. "Expansion of Islamic Finance in Europe." Journal of Intercultural Management 9, no. 2 (June 1, 2017): 31–51. http://dx.doi.org/10.1515/joim-2017-0007.
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Abstract The development of Islamic finance, their crisis-resistance and possibilities for using experience of this sector in conventional banking industry are being subject of studies in many countries, also non-Muslim ones. In this paper the author presented the analysis of Islamic finance development and its determinants basing on examples from Europe. Such banks and investment funds have a growing share in European markets, which is confirmed by the latest EY’s data. Main obstacles to Islamic finance development include, among others: incompatibility of legal regulations in non-Muslim countries, low demand among Islamic diaspora in Europe, shortage of qualified Sharia scholars, unsatisfactory standardization of Islamic financial products and accounting policies. International Islamic finance institutions (incl. AAOIFI and IFSB) play a significant part in overcoming them. Particularly beneficial legislative changes were introduced in Luxembourg, Germany, Russia and in the United Kingdom. Emerging of other Islamic banks, increase in number of Islamic windows in traditional banks and further development of Islamic investment funds in Europe are to be expected.
Dissertations / Theses on the topic "Investment banking, germany"
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Schmidt, Daniel. "Corporate syndicated loan pricings in Germany : an exploration of the hidden drivers." Thesis, University of Gloucestershire, 2017. http://eprints.glos.ac.uk/4809/.
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Syndicated loans are a common debt financing format for large corporations in general. For those situated in Germany—with its bank-based financial system—such loans play a vital role. Given the multibillion volumes raised annually, the pricing of syndicated loans is economically significant, with its levels, structure, and determination having attracted the interest of researchers around the world. A critical review of the existing worldwide literature of syndicated loan pricing revealed notable gaps, including an almost complete absence of studies on the German corporate market. The overall research aim was to address this gap by exploring and analysing the “hidden drivers” of banks’ pricing of syndicated loans to German corporate borrowers, thereby developing an enriched understanding of the elements and determinants of pricing and its underlying processes and decisions. Adopting a pragmatist research paradigm, I chose a sequential mixed-methods approach, with a limited quantitative analysis preceding an extensive qualitative study. The first stage of the research was designed to evaluate the availability of reliable quantitative pricing data in the public domain—this being the main data source for the clear majority of extant studies. I found the availability and quality of pricing data for the German corporate market to be extremely limited, particularly in comparison to that available relating to the U.S. market. There was clearly much that remained unexplained; hence, primary research was required to illuminate syndicated loan pricing and the decision processes that contribute to it. The main element of the qualitative study was a series of semi-structured, in-depth interviews with a sample of bank lending professionals and key informants. The purpose of these interviews was to explore the complex realities of syndicated lending through the eyes and experiences of the people involved and to interpret the socially constructed phenomena surrounding the pricing of German corporate syndicated loans. The study succeeded in revealing and substantiating important and to date hidden phenomena concerning numerous dimensions of syndicated lending in general and pricing in particular. An explanation was developed for the relative opacity of the German corporate syndicated loan market. The study enabled significant enhancements to the understanding of the concept of pricing and its complex and interwoven elements. More broadly, a new and richer perspective was developed of syndicated lending as a behavioural phenomenon, involving a complex interplay of relationships and strategies, and involving individuals and departments within banks, between banks as members of the syndicate, and between lenders and borrowers. The insights gained informed the development of a comprehensive model of the pricing elements of syndicated lending and their determinants. This research is the first to conduct and produce an in-depth study of the internal workings of syndicated corporate lending in the German market and a study that does not rely on secondary data that are at best incomplete. It has resulted in many rich and original insights and a conceptualisation of syndicated lending that differs radically from the classical understanding of lender-borrower relationships as founded on theories of asymmetric information. The research presented here, therefore, makes significant contributions to the literature, in helping to close notable gaps in the banking and financial intermediation literature.
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Nastansky, Andreas, and Hans Gerhard Strohe. "The impact of changes in asset prices on real economic activity : a cointegration analysis for Germany." Universität Potsdam, 2010. http://opus.kobv.de/ubp/volltexte/2010/4376/.
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This paper reviews theoretical and empirical evidence of asset price movements impact on the real economic activity. A key channel is the wealth effect on consumption. Fluctuations in stock prices and housing prices influence the households wealth and could have important impacts on households consumption. In addition, stock prices may affect corporate sector investments and property prices may affect building activity. Here, the method of cointegration is used to estimate the wealth effect and the investment effect in aggregate time series for Germany after the Reunification in 1990. Moreover, we discuss the role of asset prices in the monetary policy strategy of the ECB.
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Robaschik, Frank & Yoshino Naoyuki. "Public Banking in Germany and Japan's Fiscal Investment and Loan Program : a Comparison Duisburger Arbeitspapiere zur Ostasienwirtschaft ; 54 (2000)." Gerhard-Mercator-Universitaet Duisburg, 2002. http://www.ub.uni-duisburg.de/ETD-db/theses/available/duett-07182002-113113/.
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The Japanese Fiscal Investment and Loan Progam (FILP) will be fundamentally changed in April 2001. We are comparing the pre- and post-reform Japanese system with the German system of policy-based finance and we have found that the German system is quite different. In the case of the Kreditanstalt für Wiederaufbau (KfW) and other German federal and state institutions, the loans are mainly made through private banks, while the Japanese government banks lend directly to companies or households. Our paper discusses the advantages and the disadvantages of these two systems. We also consider the guarantee systems, which supplement and substitute public sector loans, and it turned out that in Japan there are moral hazard problems within this framework. Apart from this we also look at the role of public financial institutions outside their role in policy-based lending and investment. Here our focus is on postal savings in Japan and on the savings banks, which are both collecting a large share of personal savings, a s well as on the Landesbanks in Germany. The cutting of the flow of postal savings and government pension funds to the FILP system, which is planned within the framework of the FILP reform, makes the Japanese system more market compatible and more similar to the German system of policy-based finance, but the differences in the ways of lending and in some other institutional parameters remain
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Wezel, Torsten. "Determinants of foreign direct investment in emerging markets : an empirical study of FDI flows from Germany and its banking sector /." Frankfurt am Main [u.a.] : Lang, 2005. http://www.loc.gov/catdir/toc/fy054/2005040754.html.
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Schulz, Jorg. "An historical analysis of the market-entry of non-bank competitors into the retail banking markets in the USA and Germany between 1980 and 1990, and of the investments made by banks in information technology : a search for a hypothesis about causation." Thesis, University of Edinburgh, 1993. http://hdl.handle.net/1842/20771.
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Throughout the 1980s, information technology gained increasing importance within commercial banks. There have also been turbulent competitive developments in the retail banking market caused by non-banks making inroads into traditional banking business. This research examines whether there is a direct correlation between significant changes in the market environment of commercial banks and significant changes in the banks' information technology strategy. The research develops an understanding of this complex relationship in two distinct retail banking markets, the USA and Germany, and in two steps. The first is a thorough literature analysis of the factors influencing the model, the market-entries of selected non-bank competitors, and banks' general strategic response. The second is a qualitative research on the banks' strategic response, in particular in terms of information technology. The change of the IT strategy is measured by the investments made by banks in information technology. The research finds that commercial banks responded with a time lag of 1 to 1.5 years to market-entries of a substantial competitive and strategic scale. They spent more than twenty percent of their information technology budget devoted to information technology investments in the retail banking function of their institution, to respond to the market-entry. Thus, a direct correlation seems to exist.
Books on the topic "Investment banking, germany"
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Engel, Dirk. Investment, internal funds and public banking in Germany. Bochum: RWI, 2007.
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Engel, Dirk. Investment, internal funds and public banking in Germany. Bochum: RWI, 2007.
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Edwards, Jeremy. Banks, finance and investment in West Germany since 1970. London: Centre for Economic Policy Research, 1991.
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Allen, Christopher S. Democratic politics and private investment: Financial regulation in the Federal Republic of Germany and the United States. Washington, D.C: American Institute for Contemporary German Studies, 1990.
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Berg, Stefan. Kreditderivate im deutschen Privatrecht. Frankfurt am Main: Lang, 2008.
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Berg, Stefan. Kreditderivate im deutschen Privatrecht. Frankfurt am Main: Lang, 2008.
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Die Stellung des Hinterlegers am Sammelbestand von Wertrechten nach deutschem und französischem Recht. Frankfurt am Main: P. Lang, 1998.
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K, Fischer, and Centre for Economic Policy Research., eds. Banks, finance and investments in Germany. Cambridge [England]: New York, NY, USA, 1994.
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Edwards, J. S. S. Banks, finance and investments in Germany. Cambridge [England]: New York, NY, 1996.
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Meder, Manuel M. Die persönliche Unabhängigkeit der Aufsichtsratsmitglieder und Directors in börsennotierten Aktiengesellschaften: Eine vergleichende Untersuchung zum deutschen und US-amerikanischen Aktienrecht. Frankfurt am Main: P. Lang, 2010.
Find full textBook chapters on the topic "Investment banking, germany"
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Moss QC, Gabriel, Bob Wessels, and Matthias Haentjens. "Germany." In EU Banking and Insurance Insolvency. Oxford University Press, 2017. http://dx.doi.org/10.1093/oso/9780198759393.003.0016.
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Within Germany, the harmonization of the national bank insolvency laws by Directive 2014/59/EU establishing a framework for the recovery and resolution of credit institutions and investment firms (the BRRD) has rendered an already complex legislative landscape considerably more confusing. For credit institutions, there are now no less than three different statutes that lay down the procedures and substantive provisions available to supervisory and resolution authorities, and the procedural framework for cross-border coordination and recognition is to be found in two of them (with some overlap in terms of scope and content). While the BRRD has been transposed within a separate new statute (the Act on the Recovery and Resolution of Institutions and Financial Groups), the provisions transposing Directive 2001/24/EC on the reorganisation and winding up of credit institutions (the Credit Institutions Directive) continue to be included in the German Banking Act. Section 46 of the Banking Act also continues to lay down administrative powers, including the closure of a failing institution, the imposition of a freeze of assets and stay of payments (known as the ‘moratorium’), as well as the removal of senior management for the German financial supervisory authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin).
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"The structure of the German banking system." In Banks, Finance and Investment in Germany, 96–123. Cambridge University Press, 1994. http://dx.doi.org/10.1017/cbo9780511582370.006.
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"The Global Implications of Financial Contagion in Developed Capital Markets." In Emerging Research on Monetary Policy, Banking, and Financial Markets, 294–303. IGI Global, 2019. http://dx.doi.org/10.4018/978-1-5225-9269-3.ch016.
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The main aim of this chapter is to provide an econometric analysis focused on investigating the consequences of financial contagion between certain developed capital markets, such as USA, France, UK, and Germany in terms of global financial crisis. In the recent past, the impact of international transmission mechanisms significantly affected the investment behavior due to the propagation of financial shocks. More specifically, the risk of financial contagion highlights the vulnerability of traditional assumptions based on efficiency and rationality considering the global implications of resource allocation performance and international portfolio diversification.
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Malik, Hassan. "Introduction." In Bankers and Bolsheviks, 1–18. Princeton University Press, 2018. http://dx.doi.org/10.23943/princeton/9780691170169.003.0007.
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This introductory chapter argues that the story of the Russian investment boom and bust of the late nineteenth and early twentieth centuries is based on, among other things, financial and economic data, as well as the correspondence, reports, and other documents in government and private banking archives in Moscow, Saint Petersburg, Paris, London, and New York. The 1918 Bolshevik repudiation of debts contracted by the Tsarist and Provisional governments—the largest default in history—punctuated the end of an era during which Russia had become the leading net international debtor in the world. It is relevant to an extensive academic literature that stretches across the disciplines of history, economics, and political science. The secondary literature cited in these sources relates to the Russian Revolution, banking and business history, the historical sociology of revolutions, and international capital flows. Given the crucial importance of the last of these, the story is international, touching on aspects of the histories of nations such as Russia, France, Germany, Britain, the United States, China, and Japan.