Structural changes in German bank balance sheets
The article reviews the most significant shifts which have occurred in the balance sheet structure of banks in Germany under the influence of the Second World War and of the monetary reform of 1948. The author places the primary emphasis on what he considers to be the most substantial change caused...
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2014-09-01
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| Series: | PSL Quarterly Review |
| Subjects: | |
| Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/12783 |
| _version_ | 1828042321082449920 |
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| author | E. ACHTERBERG |
| author_facet | E. ACHTERBERG |
| author_sort | E. ACHTERBERG |
| collection | DOAJ |
| description | The article reviews the most significant shifts which have occurred in the balance sheet structure of banks in Germany under the influence of the Second World War and of the monetary reform of 1948. The author places the primary emphasis on what he considers to be the most substantial change caused by the reform: the almost complete destruction of the banks’ capital and reserves, and the measures taken by the authorities towards facilitating their reconstruction. It is noted that the results thus far achieved are appreciable, but that the situation can still not be said to be a normal one, especially since the exceptionally rapid growth of deposits has helped keep the ratio of the banks’ own resources to their borrowed funds low. The author goes on to provide analysis of other banking developments in postwar Germany which also reflect the exceptional vicissitudes undergone by the economy. The closing section then provides a short review of the measures of credit control which the Central Bank first adopted in 1951 and which it later tightened.
JEL: E52, E58, G21
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| first_indexed | 2024-04-10T17:29:39Z |
| format | Article |
| id | doaj.art-d0c945dd1c6b4058ae3c6ddfddab71c8 |
| institution | Directory Open Access Journal |
| issn | 2037-3635 2037-3643 |
| language | English |
| last_indexed | 2024-04-10T17:29:39Z |
| publishDate | 2014-09-01 |
| publisher | Associazione Economia civile |
| record_format | Article |
| series | PSL Quarterly Review |
| spelling | doaj.art-d0c945dd1c6b4058ae3c6ddfddab71c82023-02-03T16:50:16ZengAssociazione Economia civilePSL Quarterly Review2037-36352037-36432014-09-0183510.13133/2037-3643/12783Structural changes in German bank balance sheetsE. ACHTERBERGThe article reviews the most significant shifts which have occurred in the balance sheet structure of banks in Germany under the influence of the Second World War and of the monetary reform of 1948. The author places the primary emphasis on what he considers to be the most substantial change caused by the reform: the almost complete destruction of the banks’ capital and reserves, and the measures taken by the authorities towards facilitating their reconstruction. It is noted that the results thus far achieved are appreciable, but that the situation can still not be said to be a normal one, especially since the exceptionally rapid growth of deposits has helped keep the ratio of the banks’ own resources to their borrowed funds low. The author goes on to provide analysis of other banking developments in postwar Germany which also reflect the exceptional vicissitudes undergone by the economy. The closing section then provides a short review of the measures of credit control which the Central Bank first adopted in 1951 and which it later tightened. JEL: E52, E58, G21 https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/12783Germanybanksbalance sheet structuremonetary reformpost-war developmentscredit control |
| spellingShingle | E. ACHTERBERG Structural changes in German bank balance sheets PSL Quarterly Review Germany banks balance sheet structure monetary reform post-war developments credit control |
| title | Structural changes in German bank balance sheets |
| title_full | Structural changes in German bank balance sheets |
| title_fullStr | Structural changes in German bank balance sheets |
| title_full_unstemmed | Structural changes in German bank balance sheets |
| title_short | Structural changes in German bank balance sheets |
| title_sort | structural changes in german bank balance sheets |
| topic | Germany banks balance sheet structure monetary reform post-war developments credit control |
| url | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/12783 |
| work_keys_str_mv | AT eachterberg structuralchangesingermanbankbalancesheets |