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The German Financial System
In Germany a public discussion on the "power of banks" has been going on for decades now with the term "power" having at least two meanings. On the one hand, it denotes the power of banks to control public corporations through direct shareholdings or the exercise of proxy votes -this is the power of banks in corporate control. On the other hand, the market power derived from imperfect competition in markets for financial services is implied, which banks exercise vis-à-vis their loan and depositdoi:10.1093/0199253161.003.0010 fatcat:repdnxnfkvgpfgsrmyvoyyrhay