Tue Feb 23 CET (8 months ago)
In your timezone (EDT): Tue Feb 23 2:00am - Tue Feb 23 11:00am
Frankfurt am Main, Germany or Online
The strength of the public sector is a significant characteristic of the German banking market and has been much discussed since the 1960s, particularly from the competition angle. Although European regulation has weakened the position of public banks, the debate on the state’s involvement in banking has gained momentum since the financial crisis and the COVID-19 crisis. Recent economic research has dealt with the increasing importance of the state’s involvement in the finance sector (in Germany: Sparkassen, Landesbanken, Förderbanken), the reasons behind it and an evaluation of the effects.
We welcome paper proposals from a historical and an economic perspective that investigate:
• the emergence and role of state-owned banks in Europe and the formation of a dichotomy between the private and public banking sectors before 1945;
• the impact of development and other state-owned banking on the private sector in the second half of the 20th century due to the potential crowding-out/competitive effects;
• the potential shift in the relative strength of the pillars and structure of the banking sector in the aftermath of the financial and the COVID-19 crises, the role of regulation and the European Commission’s action plan fostering the Capital Markets Union;
• comparisons of the model of public sector development financing (Förderbanken) with the Anglo-Saxon model of private sector innovation funding (venture capital).