Der Euromarkt und die Internationalisierung der deutschen Banken
The tax exemption of interest revenues and the high level of professional secrecy were the unique selling points of Luxembourg for the German banking community. From the 1960s to the 1990s, they were the main causes for the rise of Luxembourg to one of the biggest euromarket places. The government o...
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| Format: | Article |
| Language: | deu |
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De Gruyter
2023-11-01
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| Series: | Jahrbuch für Wirtschaftsgeschichte |
| Subjects: | |
| Online Access: | https://doi.org/10.1515/jbwg-2023-0012 |
| _version_ | 1827309667143909376 |
|---|---|
| author | Kopper Christopher |
| author_facet | Kopper Christopher |
| author_sort | Kopper Christopher |
| collection | DOAJ |
| description | The tax exemption of interest revenues and the high level of professional secrecy were the unique selling points of Luxembourg for the German banking community. From the 1960s to the 1990s, they were the main causes for the rise of Luxembourg to one of the biggest euromarket places. The government of Luxembourg used these institutional factors to foster and accelerate the economic transformation from an industrial to a post-industrial country. The German banks did not reduce or even discontinue their presence in Luxembourg after the end of tax exemption and strict banking secrecy. Instead, they specialized on syndicated loans, treasury functions and Private Wealth Management for wealthy clients. |
| first_indexed | 2024-04-24T19:46:29Z |
| format | Article |
| id | doaj.art-9aafcc6b2594445c8d9cda55701094d2 |
| institution | Directory Open Access Journal |
| issn | 0075-2800 2196-6842 |
| language | deu |
| last_indexed | 2024-04-24T19:46:29Z |
| publishDate | 2023-11-01 |
| publisher | De Gruyter |
| record_format | Article |
| series | Jahrbuch für Wirtschaftsgeschichte |
| spelling | doaj.art-9aafcc6b2594445c8d9cda55701094d22024-03-25T07:28:55ZdeuDe GruyterJahrbuch für Wirtschaftsgeschichte0075-28002196-68422023-11-0164231733710.1515/jbwg-2023-0012Der Euromarkt und die Internationalisierung der deutschen BankenKopper Christopher0Freiligrathstr. 14, D-33617Bielefeld,GermanyThe tax exemption of interest revenues and the high level of professional secrecy were the unique selling points of Luxembourg for the German banking community. From the 1960s to the 1990s, they were the main causes for the rise of Luxembourg to one of the biggest euromarket places. The government of Luxembourg used these institutional factors to foster and accelerate the economic transformation from an industrial to a post-industrial country. The German banks did not reduce or even discontinue their presence in Luxembourg after the end of tax exemption and strict banking secrecy. Instead, they specialized on syndicated loans, treasury functions and Private Wealth Management for wealthy clients.https://doi.org/10.1515/jbwg-2023-0012auslandsbankenbundesrepublik deutschlandluxemburgeuromarktsteuerfreiheitbankgeheimnisforeign banksfederal republic of germanyluxembourgeuromarkettax exemptionbanking secrecyg 21g 28n 24 |
| spellingShingle | Kopper Christopher Der Euromarkt und die Internationalisierung der deutschen Banken Jahrbuch für Wirtschaftsgeschichte auslandsbanken bundesrepublik deutschland luxemburg euromarkt steuerfreiheit bankgeheimnis foreign banks federal republic of germany luxembourg euromarket tax exemption banking secrecy g 21 g 28 n 24 |
| title | Der Euromarkt und die Internationalisierung der deutschen Banken |
| title_full | Der Euromarkt und die Internationalisierung der deutschen Banken |
| title_fullStr | Der Euromarkt und die Internationalisierung der deutschen Banken |
| title_full_unstemmed | Der Euromarkt und die Internationalisierung der deutschen Banken |
| title_short | Der Euromarkt und die Internationalisierung der deutschen Banken |
| title_sort | der euromarkt und die internationalisierung der deutschen banken |
| topic | auslandsbanken bundesrepublik deutschland luxemburg euromarkt steuerfreiheit bankgeheimnis foreign banks federal republic of germany luxembourg euromarket tax exemption banking secrecy g 21 g 28 n 24 |
| url | https://doi.org/10.1515/jbwg-2023-0012 |
| work_keys_str_mv | AT kopperchristopher dereuromarktunddieinternationalisierungderdeutschenbanken |