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Kommunale Verschuldung in Deutschland: Struktur verstehen - Risiken abschätzen

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  • Ronny Freier
  • Verena Grass

Abstract

Everyone is talking about public debt. Europe's economic and financial crisis is, not least, a crisis of sovereign and local government debt. In Germany, along with national and regional government debt, local authorities' obligations are also coming under the spotlight again. Using comprehensive data records, this study analyzes the debt structure of local German authorities from 1998 to 2009. In addition to the risk of rising local government debt, the rapid increase in short-term lending and the terms of local government debt also show an increased risk potential. Staatliche Schulden sind in aller Munde. Die Wirtschafts- und Finanzkrise Europas ist nicht zuletzt eine Krise staatlicher und kommunaler Verschuldung. In Deutschland rücken neben den Schulden von Bund und Ländern auch die Verpflichtungen der Kommunen wieder ins Zentrum der Betrachtung. Mit einem umfassenden Datensatz über die Jahre 1998 bis 2009 untersucht diese Studie die Verschuldungsstruktur der deutschen Kommunen. Neben dem Risiko der deutlich gewachsenen kommunalen Verschuldung zeigen der Anstieg von Kassenkrediten und die Fristigkeiten der kommunalen Schulden ein erhöhtes Risikopotential auf.

Suggested Citation

  • Ronny Freier & Verena Grass, 2013. "Kommunale Verschuldung in Deutschland: Struktur verstehen - Risiken abschätzen," DIW Wochenbericht, DIW Berlin, German Institute for Economic Research, vol. 80(16), pages 13-21.
    • Handle: RePEc:diw:diwwob:80-16-3
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    Citations

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    Cited by:

    1. Borck, Rainald & Fossen, Frank M. & Freier, Ronny & Martin, Thorsten, 2015. "Race to the debt trap? — Spatial econometric evidence on debt in German municipalities," Regional Science and Urban Economics, Elsevier, vol. 53(C), pages 20-37.
    2. Clemens Fuest & Klaus Gründler & Niklas Potrafke & Marcel Fratzscher & Alexander Kriwoluzky & Claus Michelsen & Michael Hüther & Peter Bofinger & Lars P. Feld & Wolf Heinrich Reuter, 2019. "Schuldenbremse — Investitionshemmnis oder Vorbild für Europa? [Debt Brake — Investment Barrier or Role Model for Europe?]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 99(5), pages 307-329, May.
    3. Boll David & Sidki Marcus, 2017. "Die politische Ökonomie deutscher Landkreise: Determinanten der Verschuldung," Zeitschrift für Wirtschaftspolitik, De Gruyter, vol. 66(3), pages 266-293, December.
    4. Stephan Brand & Johannes Steinbrecher, 2021. "Kommunalfinanzierung in der Corona-Krise — Einschnitte, aber keine Zeitenwende [Municipal Finance in the Corona Crisis — Cuts, but not a Turnaround]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 101(1), pages 46-53, January.
    5. Berndt Keller, 2014. "The continuation of early austerity measures: the special case of Germany," Transfer: European Review of Labour and Research, , vol. 20(3), pages 387-402, August.
    6. Niklas Potrafke & Markus Reischmann & Julia Richenhagen & Marina Riem, 2015. "The Foreign Currency Debt of German Länder and Municipalities," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 68(04), pages 48-51, February.
    7. Xenia Frei & Felix Rösel, 2015. "Geballte Schuldenlast: Wie ungleich sind die kommunalen Schulden in Deutschland verteilt?," ifo Dresden berichtet, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 22(03), pages 03-12, June.

    More about this item

    Keywords

    Germany; municipal debt;

    JEL classification:

    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • H74 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Borrowing

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