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Banken treiben Eurokrise

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  • Fabian Lindner

Abstract

Der Report betrachtet das Verhalten der Gläubiger - vor allem der Banken - in der Eurokrise. Die größten Gläubiger der heutigen Krisenländer Griechenland, Spanien, Irland, Portugal und Italien sind deutsche und französische Banken. Diese haben 2008 große Verluste in der US-Subprimekrise erlitten und mussten ihre Bilanz verkürzen, was zu einem Abbau ihrer Auslandsforderungen geführt hat. Der Forderungsabbau hat zu einem plötzlichen Anhalten der Kreditvergabe geführt, der die Krise im Euroraum mit ausgelöst hat. Dass die Banken sich so verhalten haben, liegt an der Bankenregulierung und den Regeln des Euroraums. Nach der Bankenregulierung Basel II müssen Banken prozyklisch ihr Kapital erhöhen, wenn ihre Forderungen risikoreicher werden. In einer Finanzkrise erfolgt diese Kapitalanpassung meist über den Abbau von Forderungen. Die Regeln des Euroraums erlauben eine staatliche Insolvenz, so dass Gläubiger Verluste tragen müssen. Steigt die Wahrscheinlichkeit einer Insolvenz, müssen Gläubiger ihre Forderungen so schnell wie möglich verringern, um selbst ihr Kapital und damit ihre eigene Solvenz zu erhalten. Notwendige Bedingung der Stabilisierung des Euroraums wäre damit eine Garantie, Staaten nicht insolvent gehen zu lassen. Darüber hinaus sollte die Bankenregulierung weniger prozyklisch ausgestaltet werden.

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Bibliographic Info

Paper provided by IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute in its series IMK Report with number 82-2013.

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Length: 17 pages
Date of creation: 2013
Date of revision:
Handle: RePEc:imk:report:82-2013

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  1. Erik Klär & Fabian Lindner & Kenan Šehović, 2013. "Investition in die Zukunft? Zur Entwicklung des deutschen Auslandsvermögens," Wirtschaftsdienst, Springer, vol. 93(3), pages 189-197, March.
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  19. Gustav A. Horn & Fabian Lindner & Torsten Niechoj, 2011. "Schuldenschnitt für Griechenland - ein gefährlicher Irrweg für den Euroraum," IMK Report 63-2011, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
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Cited by:
  1. Alexander Herzog-Stein & Fabian Lindner & Rudolf Zwiener, 2013. "Is the supply side all that counts?," IMK Report 87e-2013, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
  2. Fabian Lindner, 2013. "Does Saving Increase the Supply of Credit? A Critique of Loanable Funds Theory," IMK Working Paper 120-2013, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
  3. Sabine Stephan & Jonas Löbbing, 2013. "Außenhandel der der EU27," IMK Report 83-2013, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
  4. Alexander Herzog-Stein & Fabian Lindner & Rudolf Zwiener, 2013. "Nur das Angebot zählt?," IMK Report 87-2013, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
  5. Sabine Stephan & Jonas Löbbing, 2013. "Foreign trade of the EU27," IMK Report 83e-2013, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
  6. Jan Behringer & Nikolaus Kowall, 2013. "Außenhandel der USA," IMK Report 85-2013, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.

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