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Comparative Analysis of the Banking Systems in the United States ...

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Comparative Analysis of the Banking Systems in the United States and Germany

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NATIONAL RESEARCH UNIVERSITY HIGHER SCHOOL OF ECONOMICS
School of World Economy and International Affairs
Foreign Languages Department

Comparative analysis of the banking systems in the United States and Germany

Emma A. Mkrtchyan
group 429

Academic Advisors

Prof. Valentin M. Kudrov, PhD
Prof. Elena V. Anashkina, PhD

MOSCOW 2013

Abstact.
The paper compares the banking system of the United States of America and Germany. It is aimed to state differences in banking structures and reveal their efficiency. The first part of a research examines the banking structure and the financial crisis in the United States of America. The second part is dedicated to the similar subjects in Germany. The third part of the paper emphasis the striking points in efficiency of both banking systems based on the method of a comparative analysis.

Key words: banking system, Federal Reserve system, regulation, central bank, crisis Contents

Introduction…………………………………………………………………….…4 1. The United States of America………………………………...………….…5 1.1. The structure of the banking system………….……………………….…….5 1.2. Financial Crisis in the USA…………………...…………………………....6 2.Germany……………………………………………...…………………….7 2.1.The structure of the banking system…………………………..……….......7 2.2.Financial Crisis in Europe…………………………………………………9 3. Striking points……………………………………………………………10 Conclusion……………………………………………………………………….11 References……………………………………………………………………….13

Introduction.
Banking systems have always played an important role in any economy, as they are an essential part of stability and welfare of a country. The question of efficient banking systems is especially topical today because of the unstable situation on the global market. Firstly, the financial crisis that started in the United States in 2006 rapidly acquired global scale. Then it was followed by the European crisis in 2009, starting with Greece revealing its economic problems. The paper takes a closer look at...