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German Banking and Japanese Banking: A Comparative Analysis

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  • Neuburger, Hugh M.
  • Stokes, Houston H.

Abstract

Wherever there are banks there are arguments about the macro-economic effects of banking policy. One of the best theoretical formulations of the effect of German banking on German development appears in Alexander Gerschenkron's “Economic Backwardness in Historical Perspective” and “Reflections on the Concept of Prerequisites of Modern Industrialization.” This problem is given an empirical treatment in “German Banks and German Growth, 1883–1913: An Empirical View,” by Hugh Neuburger and Houston H. Stokes. Our intention in this paper is to test further our previous findings and to contrast our findings for Germany with those for post-World War II Japan. While the two situations are not entirely comparable they are similar enough to make such a comparison worthwhile.

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  • Neuburger, Hugh M. & Stokes, Houston H., 1975. "German Banking and Japanese Banking: A Comparative Analysis," The Journal of Economic History, Cambridge University Press, vol. 35(1), pages 238-252, March.
    • Handle: RePEc:cup:jechis:v:35:y:1975:i:01:p:238-252_09
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    Cited by:

    1. Stokes, Houston H., 2013. "Money balances in the production function: Nonlinear tests of model stability and measurement issues – two sides of the same coin?," The Journal of Economic Asymmetries, Elsevier, vol. 10(2), pages 101-114.

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