IDEAS home Printed from https://ideas.repec.org/p/imk/report/134-2018.html
   My bibliography  Save this paper

IMK Finanzmarktstabilitätsreport 2017/2018

Author

Listed:
  • Thomas Theobald

    (Macroeconomic Policy Institute (IMK))

  • Silke Tober

    (Macroeconomic Policy Institute (IMK))

Abstract

Der IMK Finanzmarktstabilitätsreport 2017/2018 thematisiert Risiken, die sich für die mittlere Frist abzeichnen. Problematisch sind die bisher nur unvollständige Umsetzung der Basel-III-Regulierungsreformen und die abnehmende Regulierungsbereitschaft. Zudem bergen die niedrigen Risikoprämien die Gefahr einer abrupten Neubewertung im Zuge derer Bedenken über die Schuldentragfähigkeit einzelner Schuldner oder Schuldnergruppen erneut aufflackern. Liquiditätsrisiken haben infolge einer steigenden Bedeutung von Investmentfonds zugenommen, und das Zinsrisiko im Bankensystem ist gestiegen. Zur Vollendung der Bankenunion fehlen weiterhin eine einheitliche Einlagensicherung und eine effektive Absicherung des Bankenabwicklungsfonds durch den Europäischen Stabilitätsmechanismus. Reformbedarf besteht auch bei der Regulierung von außerbörslichen OTC-Derivaten, wobei eine öffentliche Trägerschaft Zentraler Kontrahenten bei der Abwicklung sinnvoll wäre. Fintechs stellen eine neue Herausforderung für die Finanzmarktaufsicht dar. Die aktuelle Zahlungsdienstrichtlinie ist ein Schritt in die richtige Richtung. Als weiterer Schritt sollte die Einführung eines digitalen Euro konzeptionell vorbereitet werden, um eine wertstabile und sichere Alternative zu bereits existierenden und künftig bereitgestellten Systemen zu liefern.

Suggested Citation

  • Thomas Theobald & Silke Tober, 2018. "IMK Finanzmarktstabilitätsreport 2017/2018," IMK Report 134-2018, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    • Handle: RePEc:imk:report:134-2018
    as

    Download full text from publisher

    File URL: http://www.boeckler.de/pdf/p_imk_report_134_2018.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Mohaddes, Kamiar & Raissi, Mehdi & Weber, Anke, 2017. "Can Italy grow out of its NPL overhang? A panel threshold analysis," Economics Letters, Elsevier, vol. 159(C), pages 185-189.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Michal Andrle & Shafik Hebous & Alvar Kangur & Mehdi Raissi, 2021. "Italy: toward a growth-friendly fiscal reform," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 38(1), pages 385-420, April.
    2. Aslan, Caglayan & Bulut, Erdem & Cepni, Oguzhan & Yilmaz, Muhammed Hasan, 2022. "Does climate change affect bank lending behavior?," Economics Letters, Elsevier, vol. 220(C).
    3. Elisabetta Montanaro & Mario Tonveronachi, 2017. "Vulnerabilita' del sistema bancario italiano. Diagnosi e rimedi (Dealing with the vulnerability of the Italian banking system)," Moneta e Credito, Economia civile, vol. 70(280), pages 299-368.
    4. Gareth Anderson & Mr. Mehdi Raissi, 2018. "Corporate Indebtedness and Low Productivity Growth of Italian Firms," IMF Working Papers 2018/033, International Monetary Fund.
    5. Xinhai Lu & Jiao Hou & Yifeng Tang & Ting Wang & Tianyi Li & Xupeng Zhang, 2022. "Evaluating the Impact of the Highway Infrastructure Construction and the Threshold Effect on Cultivated Land Use Efficiency: Evidence from Chinese Provincial Panel Data," Land, MDPI, vol. 11(7), pages 1-20, July.
    6. Marco Causi & Andrea Baldini, 2018. "Determinants Of Loan And Bad Loan Dynamics: Evidence From Italy," Departmental Working Papers of Economics - University 'Roma Tre' o232, Department of Economics - University Roma Tre.
    7. José Manuel Mansilla-Fernández, 2020. "Non-Performing loans, financial stability, and banking competition: evidence for listed and non-listed Eurozone banks," Hacienda Pública Española / Review of Public Economics, IEF, vol. 232(1), pages 29-52, March.
    8. Gabriella Chiesa & José Manuel Mansilla-Fernández, 2019. "Disentangling the transmission channel NPLs-cost of capital-lending supply," Applied Economics Letters, Taylor & Francis Journals, vol. 26(16), pages 1333-1338, September.
    9. Brunella Bruno & Immacolata Marino, 2018. "How Do Banks Respond to Non-Performing Loans?," CSEF Working Papers 513, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy, revised 30 Jul 2021.
    10. Michal Andrle & Mr. Alvar Kangur & Mr. Mehdi Raissi, 2018. "Italy: Quantifying the Benefits of a Comprehensive Reform Package," IMF Working Papers 2018/060, International Monetary Fund.
    11. Elizabeth J. Casabianca, 2020. "Credit Supply Response to Non-Performing Loans: Some Evidence From the Italian Banking System," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 10(4), pages 1-3.
    12. John Fell & Maciej Grodzicki & Julian Metzler & Edward O’Brien, 2018. "Non-performing loans and euro area bank lending behaviour after the crisis," Financial Stability Review, Banco de España, issue NOV.
    13. Pongpitch Amatyakul & Tosapol Apaitan & Savaphol Hiruntiaranakul & Nuwat Nookhwun, 2021. "Revisiting Thailand's Monetary Policy Model for an Integrated Policy Analysis," PIER Discussion Papers 164, Puey Ungphakorn Institute for Economic Research.
    14. John Fell & Maciej Grodzicki & Julian Metzler & Edward O’Brien, 2018. "Non-performing loans and euro area bank lending behaviour after the crisis," Revista de Estabilidad Financiera, Banco de España, issue NOV.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:imk:report:134-2018. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sabine Nemitz (email available below). General contact details of provider: https://edirc.repec.org/data/imkhbde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.