Der Bankbetrieb in Krieg und Inflation: Deutsche Grossbanken in den Jahren 1914 bis 1923 (Schriftenreihe des Instituts fur Bankhistorische Forschung) (German Edition)
Автор:Winried Lampe Год: 2012 Издание: [не указанo] Страниц: 432 ISBN: 3515101004 English summary: Traditional bank management fundamentally saw no problems with the management of risks in domestic monetary value through the banking system. As long as the banking system followed the principle of equitability and held in balance debts and liability, real value and personal capital, then it was immune from monetary fluctuations. The experiences of banks during German hyperinflation with very high equity loss called into question this simple theoretical approach. Winfried Lampe analyses in detail the managerial development of Commerzbank, Deutsche Bank and Dresdner Bank in various phrases of inflation puts the principle of equitability a critical test. He comes to the conclusion that banks are able to manage simple to moderate inflation through corresponding business policies; hyperinflation, however, through the inevitable disintermediation means the factual end of the business tactics of banks. Compliance with the principle of equitability comes to nothing....
