The privatization of savings banks:
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Abschlussarbeit Buch |
| Sprache: | English |
| Veröffentlicht: |
2007
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | 168 S. graph. Darst. |
Internformat
MARC
| LEADER | 00000nam a2200000 c 4500 | ||
|---|---|---|---|
| 001 | BV023015507 | ||
| 003 | DE-604 | ||
| 005 | 20080917 | ||
| 007 | t | ||
| 008 | 071122s2007 d||| m||| 00||| eng d | ||
| 015 | |a 07,H12,0326 |2 dnb | ||
| 016 | 7 | |a 985759461 |2 DE-101 | |
| 035 | |a (OCoLC)188129327 | ||
| 035 | |a (DE-599)DNB985759461 | ||
| 040 | |a DE-604 |b ger |e rakddb | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-473 |a DE-19 |a DE-384 |a DE-739 |a DE-703 |a DE-188 | ||
| 082 | 0 | |a 332.21 |2 22/ger | |
| 084 | |a QR 420 |0 (DE-625)142032: |2 rvk | ||
| 084 | |a 330 |2 sdnb | ||
| 100 | 1 | |a Gerhardt, Christian Peter |d 1976- |e Verfasser |0 (DE-588)133386937 |4 aut | |
| 245 | 1 | 0 | |a The privatization of savings banks |c Christian Peter Gerhardt |
| 264 | 1 | |c 2007 | |
| 300 | |a 168 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 502 | |a Frankfurt am Main, Univ., Diss., 2007 | ||
| 650 | 0 | 7 | |a Sparkasse |0 (DE-588)4056030-2 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Privatisierung |0 (DE-588)4047297-8 |2 gnd |9 rswk-swf |
| 655 | 7 | |0 (DE-588)4113937-9 |a Hochschulschrift |2 gnd-content | |
| 689 | 0 | 0 | |a Privatisierung |0 (DE-588)4047297-8 |D s |
| 689 | 0 | 1 | |a Sparkasse |0 (DE-588)4056030-2 |D s |
| 689 | 0 | |5 DE-604 | |
| 856 | 4 | 2 | |m HBZ Datenaustausch |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016219672&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-016219672 | ||
Datensatz im Suchindex
| _version_ | 1804137232341139456 |
|---|---|
| adam_text | Contents
List of Figures 9
List of Tables 10
List of Symbols 12
List of Abbreviations 14
List of Original Working Papers 16
1 PREFACE 17
2 GERMAN SAVINGS BANKS AND INTERNATIO
NAL EXPERIENCE 28
2.1 INTRODUCTION 28
2.2 CURRENT LITERATURE AN OVERVIEW 30
2.3 SAVINGS BANKS IN GERMANY 32
2.3.1 Organizational structure 33
2.3.2 Market share and importance 35
2.3.3 Recent developments 37
2.3.4 Political influence 38
2.4 PUBLIC SAVINGS BANKS ANALYSIS OF FUNC
TIONS THEY ARE EXPECTED TO PERFORM 40
2.4.1 Gewahrleistungsfunktion 40
2.4.2 FOrderfunktion 43
2.4.3 Wettbewerbsfunktion 45
2.4.4 Struktursicherungsfunktion 46
2.4.5 Hausbankfunktion 47
2.5 INTERNATIONAL EXPERIENCE IN SAVINGS BANK
PRIVATIZATION 49
2.5.1 Sweden 49
2.5.2 Italy 51
2.5.3 Austria 53
2.5.4 Spain 55
2.5.5 France 56
2.5.6 Comparison of similarities and differences
across Europe 58
2.5.6.1 Overview of situation before
privatization 58
2.5.6.2 Privatization process 60
2.5.6.3 European experience concerning Ge
wahrleistungsfunktion and Wettbe
werbsfunktion 62
2.6 TRIAL AND ERROR: SERIOUS ATTEMPTS AT
PRIVATIZATION IN GERMANY 63
2.6.1 The case of Berliner Sparkasse 63
2.6.2 The case of Sparkasse Stralsund 65
2.7 VALUATION OF GERMAN SAVINGS BANKS 68
2.8 CONCLUDING ANALYSIS AND OUTLOOK 72
2.9 APPENDIX 75
2.9.1 Interest rate analysis 75
2.9.2 Valuation 80
2.9.2.1 Discounted Cash Flow Valuation 80
2.9.2.2 Multiple Valuation 82
2.9.3 Public debt 84
2.10 REFERENCES 85
3 COMPETITION AND MANAGERIAL PREFEREN
CES IN INTERNAL CAPITAL MARKETS 97
3.1 INTRODUCTION 97
3.2 MODEL 102
3.2.1 The basic trade offs 104
3.2.2 Incentive payment 107
3.3 HETEROGENOUS PROJECTS 109
3.3.1 Different investment opportunities 109
3.3.2 Different financial endowments 111
3.4 EMPIRICAL APPLICATION: THE GERMAN
SAVINGS BANK SECTOR 116
3.5 CONCLUSION 119
3.6 REFERENCES 121
4 SAVINGS BANK PRIVATIZATION AND LOAN
VOLUME 123
4.1 INTRODUCTION 123
4.2 MODEL AND HYPOTHESIS 126
4.2.1 Theory and hypothesis 126
4.2.2 Econometric model 130
4.3 COUNTRY SELECTION AND DATA 132
4.3.1 Country selection and privatization dates 132
4.3.2 Data 134
4.4 ANALYSIS 136
4.4.1 Aggregated non public loan volume 136
4.4.2 Loan volume of corporations 138
4.4.3 Loan volume of private households 141
4.4.4 Robustness test: Money market fund introduction 143
4.5 CONCLUSION 147
4.6 APPENDIX 149
4.6.1 Privatization dates 149
4.6.2 Descriptive statistics 152
4.6.3 Stationarity and cointegration tests 153
4.6.4 Money market fund analysis 160
4.7 REFERENCES 161
5 CURRICULUM VITAE 166
6 EHRENWORTLICHE ERKLARUNG 168
List of Figures
Figure 1: Internal organizational structure of a savings bank 34
Figure 2: Market share of banking groups at the end of 2004 35
Figure 3: Number of savings banks and employees 1996
to 2005 36
Figure 4: Relative proportion of savings banks in total assets,
deposits, savings and loans 37
Figure 5: Percentage of German population with internet access,
by postal code 42
Figure 6: Overview: Results of the interest rate comparison in the
Rhine Main area from June 2000 to December 2005 46
Figure 7: Overview of results of savings bank valuation
based on DCF and multiple valuation 71
Figure 8: Maximum interest rate by group for savings certificate 75
Figure 9: Average interest rate by group for savings certificate 76
Figure 10: Maximum interest rate by group for fixed savings 76
Figure 11: Average interest rate by group for fixed savings 77
Figure 12: Minimum interest rate by group for overdrafts
within limit 77
Figure 13: Average interest rate by group for overdrafts
within limit 78
Figure 14: Minimum interest rate by group for mortgages 78
Figure 15: Average interest rate by group for mortgages 79
List of Tables
Table 1: Share of direct loans to public institutions
by banking group 48
Table 2: Key figures and descriptions by country
before privatization 58
Table 3: Overview of results of privatization process by country 61
Table 4: Development of institutions and branch numbers in
each country before, during and after privatization process 62
Table 5: Base case scenario in m EUR 69
Table 6: Multiple valuation based on German retail banks 70
Table 7: Input data for Discounted Cash Flow valuation 80
Table 8: Calculation of discount rate using CAPM model 80
Table 9: Worst case scenario in m EUR 81
Table 10: Best case scenario in m EUR 81
Table 11: Input data of savings banks for multiple valuation 82
Table 12: Multiple valuation based on German international
banks 82
Table 13: Multiple valuation based on European retail banks 83
Table 14: Multiple valuation based on European international
banks 84
Table 15: Amount of public debt as of December 31, 2005 84
Table 16: Country overview with dates of legal and material
privatization steps 134
Table 17: Regression results of non public loan volume
volume analysis 136
Table 18: Regression results of non public loan volume
growth analysis 137
Table 19: Regression results of corporate loan volume
volume analysis 138
10
Table 20: Regression results of corporate loan volume
growth analysis 139
Table 21: Regression results of volume of loans to households
volume analysis 141
Table 22: Regression results of volume of loans to households
growth analysis 142
Table 23: Regression results for introduction of money market
funds in Germany of non public loan volume 145
Table 24: Descriptive statistics for used time series 152
Table 25: Results of unit root tests for non public loan volume 153
Table 26: Results of unit root tests for corporate loan volume 154
Table 27: Results of unit root tests for private households loan 155
volume
Table 28: Results of unit root tests for GDP 156
Table 29: Results of unit root tests for Government bond yield 157
Table 30: Results of Johannsen cointegration test for non public
loan volume 158
Table 31: Results of Johannsen cointegration test for corporate
loan volume 158
Table 32: Results of Johannsen cointegration test for volume of
loans to households 159
Table 33: Regression results for introduction of money market
funds in Germany of corporates loan volume 160
Table 34: Regression results for introduction of money market
funds in Germany of volume of loans to households 160
11
|
| adam_txt |
Contents
List of Figures 9
List of Tables 10
List of Symbols 12
List of Abbreviations 14
List of Original Working Papers 16
1 PREFACE 17
2 GERMAN SAVINGS BANKS AND INTERNATIO
NAL EXPERIENCE 28
2.1 INTRODUCTION 28
2.2 CURRENT LITERATURE AN OVERVIEW 30
2.3 SAVINGS BANKS IN GERMANY 32
2.3.1 Organizational structure 33
2.3.2 Market share and importance 35
2.3.3 Recent developments 37
2.3.4 Political influence 38
2.4 PUBLIC SAVINGS BANKS ANALYSIS OF FUNC
TIONS THEY ARE EXPECTED TO PERFORM 40
2.4.1 Gewahrleistungsfunktion 40
2.4.2 FOrderfunktion 43
2.4.3 Wettbewerbsfunktion 45
2.4.4 Struktursicherungsfunktion 46
2.4.5 Hausbankfunktion 47
2.5 INTERNATIONAL EXPERIENCE IN SAVINGS BANK
PRIVATIZATION 49
2.5.1 Sweden 49
2.5.2 Italy 51
2.5.3 Austria 53
2.5.4 Spain 55
2.5.5 France 56
2.5.6 Comparison of similarities and differences
across Europe 58
2.5.6.1 Overview of situation before
privatization 58
2.5.6.2 Privatization process 60
2.5.6.3 European experience concerning "Ge
wahrleistungsfunktion" and "Wettbe
werbsfunktion" 62
2.6 TRIAL AND ERROR: SERIOUS ATTEMPTS AT
PRIVATIZATION IN GERMANY 63
2.6.1 The case of Berliner Sparkasse 63
2.6.2 The case of Sparkasse Stralsund 65
2.7 VALUATION OF GERMAN SAVINGS BANKS 68
2.8 CONCLUDING ANALYSIS AND OUTLOOK 72
2.9 APPENDIX 75
2.9.1 Interest rate analysis 75
2.9.2 Valuation 80
2.9.2.1 Discounted Cash Flow Valuation 80
2.9.2.2 Multiple Valuation 82
2.9.3 Public debt 84
2.10 REFERENCES 85
3 COMPETITION AND MANAGERIAL PREFEREN
CES IN INTERNAL CAPITAL MARKETS 97
3.1 INTRODUCTION 97
3.2 MODEL 102
3.2.1 The basic trade offs 104
3.2.2 Incentive payment 107
3.3 HETEROGENOUS PROJECTS 109
3.3.1 Different investment opportunities 109
3.3.2 Different financial endowments 111
3.4 EMPIRICAL APPLICATION: THE GERMAN
SAVINGS BANK SECTOR 116
3.5 CONCLUSION 119
3.6 REFERENCES 121
4 SAVINGS BANK PRIVATIZATION AND LOAN
VOLUME 123
4.1 INTRODUCTION 123
4.2 MODEL AND HYPOTHESIS 126
4.2.1 Theory and hypothesis 126
4.2.2 Econometric model 130
4.3 COUNTRY SELECTION AND DATA 132
4.3.1 Country selection and privatization dates 132
4.3.2 Data 134
4.4 ANALYSIS 136
4.4.1 Aggregated non public loan volume 136
4.4.2 Loan volume of corporations 138
4.4.3 Loan volume of private households 141
4.4.4 Robustness test: Money market fund introduction 143
4.5 CONCLUSION 147
4.6 APPENDIX 149
4.6.1 Privatization dates 149
4.6.2 Descriptive statistics 152
4.6.3 Stationarity and cointegration tests 153
4.6.4 Money market fund analysis 160
4.7 REFERENCES 161
5 CURRICULUM VITAE 166
6 EHRENWORTLICHE ERKLARUNG 168
List of Figures
Figure 1: Internal organizational structure of a savings bank 34
Figure 2: Market share of banking groups at the end of 2004 35
Figure 3: Number of savings banks and employees 1996
to 2005 36
Figure 4: Relative proportion of savings banks in total assets,
deposits, savings and loans 37
Figure 5: Percentage of German population with internet access,
by postal code 42
Figure 6: Overview: Results of the interest rate comparison in the
Rhine Main area from June 2000 to December 2005 46
Figure 7: Overview of results of savings bank valuation
based on DCF and multiple valuation 71
Figure 8: Maximum interest rate by group for savings certificate 75
Figure 9: Average interest rate by group for savings certificate 76
Figure 10: Maximum interest rate by group for fixed savings 76
Figure 11: Average interest rate by group for fixed savings 77
Figure 12: Minimum interest rate by group for overdrafts
within limit 77
Figure 13: Average interest rate by group for overdrafts
within limit 78
Figure 14: Minimum interest rate by group for mortgages 78
Figure 15: Average interest rate by group for mortgages 79
List of Tables
Table 1: Share of direct loans to public institutions
by banking group 48
Table 2: Key figures and descriptions by country
before privatization 58
Table 3: Overview of results of privatization process by country 61
Table 4: Development of institutions and branch numbers in
each country before, during and after privatization process 62
Table 5: Base case scenario in m EUR 69
Table 6: Multiple valuation based on German retail banks 70
Table 7: Input data for Discounted Cash Flow valuation 80
Table 8: Calculation of discount rate using CAPM model 80
Table 9: Worst case scenario in m EUR 81
Table 10: Best case scenario in m EUR 81
Table 11: Input data of savings banks for multiple valuation 82
Table 12: Multiple valuation based on German international
banks 82
Table 13: Multiple valuation based on European retail banks 83
Table 14: Multiple valuation based on European international
banks 84
Table 15: Amount of public debt as of December 31, 2005 84
Table 16: Country overview with dates of legal and material
privatization steps 134
Table 17: Regression results of non public loan volume
volume analysis 136
Table 18: Regression results of non public loan volume
growth analysis 137
Table 19: Regression results of corporate loan volume
volume analysis 138
10
Table 20: Regression results of corporate loan volume
growth analysis 139
Table 21: Regression results of volume of loans to households
volume analysis 141
Table 22: Regression results of volume of loans to households
growth analysis 142
Table 23: Regression results for introduction of money market
funds in Germany of non public loan volume 145
Table 24: Descriptive statistics for used time series 152
Table 25: Results of unit root tests for non public loan volume 153
Table 26: Results of unit root tests for corporate loan volume 154
Table 27: Results of unit root tests for private households loan 155
volume
Table 28: Results of unit root tests for GDP 156
Table 29: Results of unit root tests for Government bond yield 157
Table 30: Results of Johannsen cointegration test for non public
loan volume 158
Table 31: Results of Johannsen cointegration test for corporate
loan volume 158
Table 32: Results of Johannsen cointegration test for volume of
loans to households 159
Table 33: Regression results for introduction of money market
funds in Germany of corporates loan volume 160
Table 34: Regression results for introduction of money market
funds in Germany of volume of loans to households 160
11 |
| any_adam_object | 1 |
| any_adam_object_boolean | 1 |
| author | Gerhardt, Christian Peter 1976- |
| author_GND | (DE-588)133386937 |
| author_facet | Gerhardt, Christian Peter 1976- |
| author_role | aut |
| author_sort | Gerhardt, Christian Peter 1976- |
| author_variant | c p g cp cpg |
| building | Verbundindex |
| bvnumber | BV023015507 |
| classification_rvk | QR 420 |
| ctrlnum | (OCoLC)188129327 (DE-599)DNB985759461 |
| dewey-full | 332.21 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.21 |
| dewey-search | 332.21 |
| dewey-sort | 3332.21 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| format | Thesis Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>01503nam a2200397 c 4500</leader><controlfield tag="001">BV023015507</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20080917 </controlfield><controlfield tag="007">t</controlfield><controlfield tag="008">071122s2007 d||| m||| 00||| eng d</controlfield><datafield tag="015" ind1=" " ind2=" "><subfield code="a">07,H12,0326</subfield><subfield code="2">dnb</subfield></datafield><datafield tag="016" ind1="7" ind2=" "><subfield code="a">985759461</subfield><subfield code="2">DE-101</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)188129327</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)DNB985759461</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rakddb</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-473</subfield><subfield code="a">DE-19</subfield><subfield code="a">DE-384</subfield><subfield code="a">DE-739</subfield><subfield code="a">DE-703</subfield><subfield code="a">DE-188</subfield></datafield><datafield tag="082" ind1="0" ind2=" "><subfield code="a">332.21</subfield><subfield code="2">22/ger</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QR 420</subfield><subfield code="0">(DE-625)142032:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">330</subfield><subfield code="2">sdnb</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Gerhardt, Christian Peter</subfield><subfield code="d">1976-</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)133386937</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">The privatization of savings banks</subfield><subfield code="c">Christian Peter Gerhardt</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="c">2007</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">168 S.</subfield><subfield code="b">graph. Darst.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="502" ind1=" " ind2=" "><subfield code="a">Frankfurt am Main, Univ., Diss., 2007</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Sparkasse</subfield><subfield code="0">(DE-588)4056030-2</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Privatisierung</subfield><subfield code="0">(DE-588)4047297-8</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="655" ind1=" " ind2="7"><subfield code="0">(DE-588)4113937-9</subfield><subfield code="a">Hochschulschrift</subfield><subfield code="2">gnd-content</subfield></datafield><datafield tag="689" ind1="0" ind2="0"><subfield code="a">Privatisierung</subfield><subfield code="0">(DE-588)4047297-8</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="1"><subfield code="a">Sparkasse</subfield><subfield code="0">(DE-588)4056030-2</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2=" "><subfield code="5">DE-604</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="m">HBZ Datenaustausch</subfield><subfield code="q">application/pdf</subfield><subfield code="u">http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016219672&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA</subfield><subfield code="3">Inhaltsverzeichnis</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-016219672</subfield></datafield></record></collection> |
| genre | (DE-588)4113937-9 Hochschulschrift gnd-content |
| genre_facet | Hochschulschrift |
| id | DE-604.BV023015507 |
| illustrated | Illustrated |
| index_date | 2024-07-02T19:11:08Z |
| indexdate | 2024-07-09T21:09:01Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-016219672 |
| oclc_num | 188129327 |
| open_access_boolean | |
| owner | DE-473 DE-BY-UBG DE-19 DE-BY-UBM DE-384 DE-739 DE-703 DE-188 |
| owner_facet | DE-473 DE-BY-UBG DE-19 DE-BY-UBM DE-384 DE-739 DE-703 DE-188 |
| physical | 168 S. graph. Darst. |
| publishDate | 2007 |
| publishDateSearch | 2007 |
| publishDateSort | 2007 |
| record_format | marc |
| spelling | Gerhardt, Christian Peter 1976- Verfasser (DE-588)133386937 aut The privatization of savings banks Christian Peter Gerhardt 2007 168 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Frankfurt am Main, Univ., Diss., 2007 Sparkasse (DE-588)4056030-2 gnd rswk-swf Privatisierung (DE-588)4047297-8 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Privatisierung (DE-588)4047297-8 s Sparkasse (DE-588)4056030-2 s DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016219672&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Gerhardt, Christian Peter 1976- The privatization of savings banks Sparkasse (DE-588)4056030-2 gnd Privatisierung (DE-588)4047297-8 gnd |
| subject_GND | (DE-588)4056030-2 (DE-588)4047297-8 (DE-588)4113937-9 |
| title | The privatization of savings banks |
| title_auth | The privatization of savings banks |
| title_exact_search | The privatization of savings banks |
| title_exact_search_txtP | The privatization of savings banks |
| title_full | The privatization of savings banks Christian Peter Gerhardt |
| title_fullStr | The privatization of savings banks Christian Peter Gerhardt |
| title_full_unstemmed | The privatization of savings banks Christian Peter Gerhardt |
| title_short | The privatization of savings banks |
| title_sort | the privatization of savings banks |
| topic | Sparkasse (DE-588)4056030-2 gnd Privatisierung (DE-588)4047297-8 gnd |
| topic_facet | Sparkasse Privatisierung Hochschulschrift |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016219672&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT gerhardtchristianpeter theprivatizationofsavingsbanks |