2001 | OriginalPaper | Buchkapitel
What Kind of Stability Helps Industry? Contrasting Experiences with British and German Banking
verfasst von : Forrest H. Capie, Geoffrey E. Wood, Benedikt Koehler
Erschienen in: Financial Competition, Risk and Accountability
Verlag: Palgrave Macmillan UK
Enthalten in: Professional Book Archive
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The banking industries of Britain and Germany have for many years maintained distinct traditions with regard to lending to industry. British banks have viewed firms as customers, lending to them on a short-term basis. German banks, by contrast, have viewed firms as partners, lending to them for long periods of years, building up associations, often having representatives on the firms’ boards. This has, in turn, encouraged banks to take a long-term view of ‘industry’s’ long-term plans, to the mutual benefit of both banking and manufacturing. So, at least, the story goes.