How significant is the alleged unfair advantage enjoyed by state-owned banks in Germany?
Author InfoS. P. Chakravarty Jonathan M. Williams Abstract The European Commission argues that the state-owned banks in Germany enjoy an unfair advantage over the private sector banks in the cost of borrowing funds in the financial markets because of state guarantees that public sector banks are perceived to enjoy. This note demonstrates that the blame for the comparatively poor profitability of private sector banks in Germany cannot be laid at the door of the relatively cheaper funds that the public sector banks can raise in the wholesale markets. Copyright 2006, Oxford University Press. Download InfoTo download: If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
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- How significant is the alleged unfair advantage enjoyed by state-owned banks in Germany?
