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Banken zwischen Politik und Markt: Worin besteht die volkswirtschaftliche Verantwortung der Banken?

  • Martin Hellwig

The paper studies the changing relations between political systems and banking systems. After a brief survey of traditional mechanisms of protection for banks from competition combined with subsidized finance for selected worthy purposes, the paper sketches the structural change that has taken place in the financial sector and considers its implications for the workability of these mechanisms. For the future, the paper claims, the "economic responsibility" of banks lies in the avoidance of excessive risks burdening the community rather than in the subsidization of selected purposes. Copyright Verein fü Socialpolitik und Blackwell Publishers Ltd 2000

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File URL: http://www.blackwell-synergy.com/doi/abs/10.1111/1468-2516.00021
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Article provided by Verein für Socialpolitik in its journal Perspektiven der Wirtschaftspolitik.

Volume (Year): 1 (2000)
Issue (Month): 3 (08)
Pages: 337-356

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Handle: RePEc:bla:perwir:v:1:y:2000:i:3:p:337-356
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  1. Bernanke, Ben S, 1995. "The Macroeconomics of the Great Depression: A Comparative Approach," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 27(1), pages 1-28, February.
  2. Takeo Hoshi & Anil Kashyap & David Scharfstein, 1990. "The Role of Banks in Reducing the Costs of Financial Distress in Japan," NBER Working Papers 3435, National Bureau of Economic Research, Inc.
  3. Mayer, Colin, 1988. "New issues in corporate finance," European Economic Review, Elsevier, vol. 32(5), pages 1167-1183, June.
  4. Englund, Peter, 1990. "Financial deregulation in Sweden," European Economic Review, Elsevier, vol. 34(2-3), pages 385-393, May.
  5. Solomou, Solomos, 1992. "Modern Europe Golden Fetters: The Gold Standard and the Great Depression, 1919–1939. By Barry Eichengreen. New York: Oxford University Press, 1992. Pp. xix, 425. $39.95," The Journal of Economic History, Cambridge University Press, vol. 52(03), pages 709-710, September.
  6. Vives, Xavier, 1990. "Deregulation and competition in Spanish banking," European Economic Review, Elsevier, vol. 34(2-3), pages 403-411, May.
  7. Barry Eichengreen, 1992. "Golden Fetters: The Gold Standard and the Great Depression, 1919-1939," NBER Books, National Bureau of Economic Research, Inc, number eich92-1, May.
  8. Hellwig, Martin, 1994. "Liquidity provision, banking, and the allocation of interest rate risk," European Economic Review, Elsevier, vol. 38(7), pages 1363-1389, August.
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