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| Guinnane, Timothy W.. |
| Banks play a greater role in the German financial system than in the United States or Britain. Germanys large universal banks are admired by those who advocate bank deregulation in the United States. Others admire the universal banks for their supposed role in corporate governance and industrial finance. Many discussions distort the German Banking system by overstressing one of several types of banks, and ignore the competition and cooperation between the famous universal banks and other banking groups. Tracing the historical development of the German banking system from the early nineteenth century places the large universal banks in context. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Universal banking; German banks; German economic history; Financial Economics; G2; G3; N2. |
| Ano: 2001 |
URL: http://purl.umn.edu/28447 |
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| Suto, Megumi. |
| In recent years, there has been a slow but steady change in ownership structures and corporate governance in Japan. As a result of economic stagnation, relations between companies characterised by cross-shareholdings and the main-bank system have become less rigid and institutional investors show increasing shareholder activism. This paper investigates the role of corporate pension funds in this process. Major trust banks and life insurance companies which act as trustees of pension funds are becoming more and more concerned with shareholder value. However, as will be demonstrated, this does not mean a transition from a relationship-oriented system to a pure market-based one. Instead, due to differences in the regulatory framework and schemes of corporate... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Financial Economics; Corporate Finance and Governance; Financial Markets and Institutions; Financial Economics; G0; G3; N2. |
| Ano: 2000 |
URL: http://purl.umn.edu/26220 |
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| Guinnane, Timothy W.. |
| Research on trust now forms a prominent part of the research agenda in history and the social sciences. Although this research has generated useful insights, the idea of trust has been used so widely and loosely that it risks creating more confusion than clarity. This essay argues that to the extent that scholars have a clear idea of what trust actually means, the concept is, at least for economic questions, superfluous: the useful parts of the idea of trust are implicit in older notions of information and the ability to impose sanctions. I trust you in a transaction because of what I know about you, and because of what I can have done to you should you cheat me. This observation does not obviate what many scholars intend, which is to embed economic... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Trust; Social capital; Credit cooperatives; Uniform laws; Institutional and Behavioral Economics; G2; N2. |
| Ano: 2005 |
URL: http://purl.umn.edu/28440 |
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