• Bernd Genser
Conference paper
Part of the Studies in International Economics and Institutions book series (INTERN.ECONOM.)


As a representative of the public economics branch, although called “Finanzwissenschaft” in the traditional German terminology, I cannot exhibit any major competence in topics dealing with financial markets or bank services especially. The paper of Saunders and Walter shows that it is becoming increasingly difficult to describe the manifold and more and more specialized services of financial institutions and their nonfinancial competitors, much less to criticize and to judge them.


Monetary Policy Financial Market Policy Measure Welfare Loss Positive Externality 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.


  1. Corrigan, E.G. (1982), Are Banks Special? Federal Reserve Bank of Minneapolis Annual Report.Google Scholar
  2. Fama, Eugene (1985), What’s Different About Banks? Journal of Monetary Economics, pp. 29–39.Google Scholar

Copyright information

© Springer-Verlag Berlin Heidelberg 1989

Authors and Affiliations

  • Bernd Genser

There are no affiliations available

Personalised recommendations