IDEAS home Printed from https://ideas.repec.org/p/zbw/uwhdps/302015.html
   My bibliography  Save this paper

Ein neuer semiosphärischer Blick auf Märkte: Homogenisierung, Sequenzierung und intra-organisationale Rigidisierung

Author

Listed:
  • Locher, Maximilian Matthias

Abstract

[Einleitung ...] Im Folgenden soll die Transaktionstheorie Priddats in einem ersten Schritt prägnant zusammengefasst werden, bevor sie dann nach einer kurzen Einführung in das Geschäft mit Immobilienanleihen anhand dieses Geschäfts konkretisiert wird. In einem zweiten Schritt soll diese theoretische Reformulierung des Geschäfts mit Immobilienanleihen auf seine zentralen Tendenzen reflektiert werden, bevor diese auf ihre Prägung des Umgangs mit Zukunft, und das bedeutet in einer Wirtschaft, die sich entscheidend reproduziert, des Umgangs mit Risiko, analysiert werden. Schließlich soll so eine Antwort auf die eingangs gestellte Frage formuliert werden: wo liegt die Verantwortung der Finanzkrise? Und warum tun sich Finanzmarktakteure in ihren retrospektiven Sensemaking so schwer mit dieser Frage? Zum Abschluss soll versucht werden, die zuvor auf der Basis des Handels mit Immobilienkrediten analysierten Tendenzen von ihrer Fixierung auf Finanzmärkten zu lösen, und als Analyseinstrumente auf Produktmärkte zu übertragen. Zuallerletzt soll anhand eines Beispiels ein Ausblick darauf gewagt werden, inwieweit Wirtschaftspolitik sich an dieser Sicht auf Märkte bedienen kann.

Suggested Citation

  • Locher, Maximilian Matthias, 2015. "Ein neuer semiosphärischer Blick auf Märkte: Homogenisierung, Sequenzierung und intra-organisationale Rigidisierung," Wittener Diskussionspapiere zu alten und neuen Fragen der Wirtschaftswissenschaft 30/2015, Witten/Herdecke University, Faculty of Management and Economics.
    • Handle: RePEc:zbw:uwhdps:302015
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/110190/1/823660672.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Franklin Allen & Elena Carletti, 2010. "An Overview of the Crisis: Causes, Consequences, and Solutions-super-," International Review of Finance, International Review of Finance Ltd., vol. 10(s1), pages 1-26.
    2. Benmelech, Efraim & Dlugosz, Jennifer, 2009. "The alchemy of CDO credit ratings," Journal of Monetary Economics, Elsevier, vol. 56(5), pages 617-634, July.
    3. James Crotty, 2009. "Structural causes of the global financial crisis: a critical assessment of the 'new financial architecture'," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 33(4), pages 563-580, July.
    4. Stiglitz, Joseph E, 1985. "Information and Economic Analysis: A Perspective," Economic Journal, Royal Economic Society, vol. 95(380a), pages 21-41, Supplemen.
    5. Franklin Allen & Elena Carletti, 2010. "An Overview of the Crisis: Causes, Consequences, and Solutions," International Review of Finance, International Review of Finance Ltd., vol. 10(1), pages 1-26, March.
    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. Dieter Gramlich & Mikhail V. Oet & Stephen J. Ong, 2013. "Policy in adaptive financial markets—the use of systemic risk early warning tools," Working Papers (Old Series) 1309, Federal Reserve Bank of Cleveland.
    2. Pol, Eduardo, 2012. "The preponderant causes of the USA banking crisis 2007–08," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 41(5), pages 519-528.
    3. Mohamad Adam & Taufik & Muhammad Aditya Erfiyan Prathama, 2015. "Bank liquidity-stress testing and Basel III implementation in Indonesia," Economic Journal of Emerging Markets, Universitas Islam Indonesia, vol. 7(1), pages 12-23, April.
    4. Ashton, John & Burnett, Tim & Diaz-Rainey, Ivan & Ormosi, Peter, 2021. "Known unknowns: How much financial misconduct is detected and deterred?," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 74(C).
    5. Nelson, John P., 2023. "Differential “progressibility” in human know-how: A conceptual overview," Research Policy, Elsevier, vol. 52(2).
    6. Mamatzakis, Emmanuel C. & Ongena, Steven & Tsionas, Mike G., 2021. "Does alternative finance moderate bank fragility? Evidence from the euro area," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 72(C).
    7. Apergis, Emmanuel & Apergis, Iraklis & Apergis, Nicholas, 2019. "A new macro stress testing approach for financial realignment in the Eurozone," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 61(C), pages 52-80.
    8. Islam, Raisul & Volkov, Vladimir, 2020. "Calm before the storm: an early warning approach before and during the COVID-19 crisis," Working Papers 2020-09, University of Tasmania, Tasmanian School of Business and Economics.
    9. Mannan, Kazi Abdul & Farhana, Khandaker Mursheda & Chowdhury, G. M. Omar Faruque, 2020. "The COVID-19 Pandemic Impacts on Manpower Export: An Econometric Analysis of Survival Strategies of Recruiting Agencies in Bangladesh," MPRA Paper 103566, University Library of Munich, Germany, revised 2020.
    10. J.A. Bikker & Tobias M. Vervliet, 2017. "Bank Profitability and Risk-Taking under Low Interest Rates," Working Papers 17-10, Utrecht School of Economics.
    11. Dung Viet Tran, 2019. "Ownership structure and bank lending," Economics Bulletin, AccessEcon, vol. 39(4), pages 3011-3023.
    12. Edward J. Lusk & Michael Halperin, 2017. "An Associational Examination of the CaptialCube Effect Context for the MPV over the Linguistic Partitions: Testing Sensitivity & Specificity," Accounting and Finance Research, Sciedu Press, vol. 6(2), pages 1-1, May.
    13. Olivier Bruno & André Cartapanis & Eric Nasica, 2013. "Bank leverage, financial fragility and prudential regulation," Working Papers halshs-00853701, HAL.
    14. Timothy Bianco & Dieter Gramlich & Mikhail V. Oet & Stephen J. Ong, 2012. "Financial stress index: a lens for supervising the financial system," Working Papers (Old Series) 12-37, Federal Reserve Bank of Cleveland.
    15. Saumya Ranjan Dash & Debasish Maitra & Byomakesh Debata & Jitendra Mahakud, 2021. "Economic policy uncertainty and stock market liquidity: Evidence from G7 countries," International Review of Finance, International Review of Finance Ltd., vol. 21(2), pages 611-626, June.
    16. Dinesh Gajurel & Mardi Dungey & Wenying Yao & Nagaratnam Jeyasreedharan, 2020. "Jump Risk in the US Financial Sector," The Economic Record, The Economic Society of Australia, vol. 96(314), pages 331-349, September.
    17. Avkiran, Necmi K. & Goto, Mika, 2011. "A tool for scrutinizing bank bailouts based on multi-period peer benchmarking," Pacific-Basin Finance Journal, Elsevier, vol. 19(5), pages 447-469, November.
    18. Vítor Martins & Alessandro Turrini & Bořek Vašíček & Madalina Zamfir, 2021. "Euro Area Housing Markets: Trends, Challenges and Policy Responses," European Economy - Discussion Papers 147, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    19. Mamatzakis, Emmanuel & Bermpei, Theodora, 2014. "What drives investment bank performance? The role of risk, liquidity and fees prior to and during the crisis," International Review of Financial Analysis, Elsevier, vol. 35(C), pages 102-117.
    20. Mary L. Z. Ma & Victor Song, 2016. "Discretionary Loan Loss Provisions and Systemic Risk in the Banking Industry," Accounting Perspectives, John Wiley & Sons, vol. 15(2), pages 89-130, June.

    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:zbw:uwhdps:302015. 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: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/wfwitde.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.