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Trends in der Bankenaufsicht als Motor der Überregulierung des Bankensektors - Anmerkungen aus einer politökonomischen Perspektive

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  • Christoph Kaserer

Abstract

In this article it is argued that overregulation in the German banking industry is driven by deficient incentives. One important piece in this picture is the rule that resources used by the supervision authority are financed, basically, through an industry tax. Overregulation arises in such a context because the social cost of regulation is neither internalised by the supervision authority nor by the government. The natural antagonism of the industry against too much regulation is attenuated because of a highly unequal impact of the regulation cost on different industry groups. In line with this picture we present evidence in favour of the hypothesis that international harmonisation in banking regulation evolved as a means of overregulation. Copyright Verein für Socialpolitik und Blackwell Publishers Ltd, 2006

Suggested Citation

  • Christoph Kaserer, 2006. "Trends in der Bankenaufsicht als Motor der Überregulierung des Bankensektors - Anmerkungen aus einer politökonomischen Perspektive," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 7(1), pages 67-87, February.
  • Handle: RePEc:bla:perwir:v:7:y:2006:i:1:p:67-87
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    References listed on IDEAS

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    1. Randall S. Kroszner & Philip E. Strahan, 1999. "What Drives Deregulation? Economics and Politics of the Relaxation of Bank Branching Restrictions," The Quarterly Journal of Economics, Oxford University Press, vol. 114(4), pages 1437-1467.
    2. Schaefer, Stephen M., 1990. "The regulation of banks and securities firms," European Economic Review, Elsevier, vol. 34(2-3), pages 587-597, May.
    3. Eckert, Ross D, 1981. "The Life Cycle of Regulatory Commissioners," Journal of Law and Economics, University of Chicago Press, vol. 24(1), pages 113-120, April.
    4. Peltzman, Sam, 1976. "Toward a More General Theory of Regulation," Journal of Law and Economics, University of Chicago Press, vol. 19(2), pages 211-240, August.
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    Cited by:

    1. Philipp Paulus, 2006. "Brüssel, Frankfurt oder Basel - Wo muss das Problem steigender Staatsschulden in der Europäischen Währungsunion gelöst werden?," Otto-Wolff-Institut Discussion Paper Series 01/2006, Otto-Wolff-Institut für Wirtschaftsordnung, Köln, Deutschland.

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