Economic Development and Banking Supervision from 1934 to Today
As we know, banking supervision in Germany was under discussion for 60 years in times of economic crisis or at least cyclical downswing. The idea was largely rejected, but it was partially implemented, in 1900 with the introduction of supervision for mortgage banks and in 1931 with the crisis measures adopted by the Board of Trustees for the Banking Sector and the Reich Commissioner for Banking. Let us look back to the years following the 1931 crisis, when the first comprehensive banking act was conceived and under discussion. We shall see that in a historical and empirical perspective banking supervision was bound to be oriented to the economic situation and the desired economic development in both function and degree of penetration.
KeywordsEconomic Crisis Income Explosive Expense Posit
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