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Stabilität und Effizienz des deutschen Bankensektors im Lichte der Subprime-Krise

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  • Manfred Weber
  • Mathias Brehe
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    Abstract

    In autumn 2008 a swift worldwide political response was called for to avert the imminent collapse of the global financial system. Besides these immediate measures, to which there was no alternative, the financial sector needs to be reformed in the medium to long term. Improved stability will help to mitigate the harmful impact of future crises and reduce the frequency of severe financial market turmoil. The optimal combination of financial-sector stability and productivity is currently being impeded by avoidable structural inefficiencies and what is in some cases a misguided institutional and regulatory framework. Some of the reform measures under discussion unnecessarily restrict productivity again. The efforts that are undisputedly required to strengthen stability should go hand in hand with steps to enhance financial-sector efficiency. This is the only way to improve the performance of the banking sector and sustainably ensure growth funding and employment in Germany. Im Herbst 2008 war weltweit ein schnelles Handeln der Politik erforderlich, um den drohenden Kollaps des globalen Finanzsystems abzuwenden. Neben diesen alternativlosen Sofortmaßnahmen muss in der mittleren bis langen Frist der Finanzsektor reformiert werden. Eine verbesserte Stabilität soll zukünftige Krisen in ihrer schädlichen Wirkung abschwächen und die Häufigkeit von extremen Finanzmarktturbulenzen verringern. Die optimale Kombination von Stabilität und volkswirtschaftlicher Leistungsfähigkeit des Finanzsektors wird zurzeit durch vermeidbare strukturelle Ineffizienzen und falsche ordnungspolitische Rahmenbedingungen erschwert. Die diskutierten Reformmaßnahmen schränken zum Teil die Leistungsfähigkeit erneut unnötig ein. Eine unzweifelhaft notwendige Stärkung der Stabilität sollte aber mit einer verbesserten Effizienz des Finanzsektors verbunden werden. Nur so kann die Leistungsfähigkeit des Bankensektors gestärkt und die Finanzierung von Wachstum und Beschäftigung in Deutschland dauerhaft gesichert werden.

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    Bibliographic Info

    Article provided by DIW Berlin, German Institute for Economic Research in its journal Vierteljahrshefte zur Wirtschaftsforschung.

    Volume (Year): 78 (2009)
    Issue (Month): 1 ()
    Pages: 96-113

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    Handle: RePEc:diw:diwvjh:78-1-8

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    Related research

    Keywords: Financial crises; banking sector stability; banking sector efficiency;

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