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

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  • Martin Hellwig

Abstract

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.

Suggested Citation

  • Martin Hellwig, 2000. "Banken zwischen Politik und Markt: Worin besteht die volkswirtschaftliche Verantwortung der Banken?," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 1(3), pages 337-356, August.
    • Handle: RePEc:bla:perwir:v:1:y:2000:i:3:p:337-356
    DOI: 10.1111/1468-2516.00021
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    References listed on IDEAS

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    1. repec:awi:wpaper:0418 is not listed on IDEAS
    2. Fischer, Karl-Hermann & Pfeil, Christian, 2003. "Regulation and Competition in German Banking: An Assessment," CFS Working Paper Series 2003/19, Center for Financial Studies (CFS).
    3. Bofinger, Peter & Buch, Claudia M. & Feld, Lars P. & Schmidt, Christoph M. & Wieland, Volker, 2013. "Gegen eine rückwärtsgewandte Wirtschaftspolitik. Jahresgutachten 2013/14 [Against a backward-looking economic policy. Annual Report 2013/14]," Annual Economic Reports / Jahresgutachten, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung, volume 127, number 201314.
    4. Schäfer, Dorothea, 2003. "Die "Geiselhaft" des Relationship-Intermediärs: Eine Nachlese zur Beinahe-Insolvenz des Holzmann-Konzerns," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 4(1), pages 65-84.

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