Joint Stock Banking in Germany

"Joint Stock Banking in Germany; A Study of the German Credit Banks Before and After the War" is a comprehensive and scholarly analysis of the evolution of the German banking system during a period of immense economic upheaval. Written by Philip Barrett Whale, this work explores the unique structural and functional characteristics of German credit banks, particularly their close involvement with industrial development and capital markets.

The study provides a detailed comparison between the pre-war banking landscape and the reorganized financial sector of the late 1920s. Whale examines the internal organization of these institutions, the impact of the First World War on their stability, and the subsequent recovery efforts following the 1924 currency stabilization. By focusing on the relationship between banks and the state, as well as the concentration of financial power, the book offers a critical perspective on the institutional mechanisms that drove the German economy. This work remains a significant resource for those interested in economic history, the history of finance, and the specific institutional foundations of European joint stock banking.

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