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Deflation, credit crunch, bank crisis - Will Germany's finance industry wake up from its (media) nightmare in 2004

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  • Stephan Paul
  • Stefan Stein
  • H. Jörg Thieme

Abstract

"Deflation", "credit crunch" and "bank crisis" were the catchwords repeated in the financial press in 2003. In Germany in particular the media insisted in recent months that the country was experiencing a Japanese malaise. In their contributions Prof. Stephan Paul, Dr. Stefan Stone, Bochum University, and Prof. H. Jörg Thieme, Düsseldorf University, examine the extent to which these labels are justified and what trends can be observed for financial services in 2004.

Suggested Citation

  • Stephan Paul & Stefan Stein & H. Jörg Thieme, 2004. "Deflation, credit crunch, bank crisis - Will Germany's finance industry wake up from its (media) nightmare in 2004," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 57(01), pages 14-23, January.
    • Handle: RePEc:ces:ifosdt:v:57:y:2004:i:01:p:14-23
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    References listed on IDEAS

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    1. Unknown, 2003. "Die Lage der Weltwirtschaft und der deutschen Wirtschaft im Fruhjahr 2003," Report Series 26058, Hamburg Institute of International Economics.
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    Cited by:

    1. Marsch, Katharina & Schmieder, Christian & Forster-van Aerssen, Katrin, 2007. "Banking consolidation and small businessfinance: empirical evidence for Germany," Discussion Paper Series 2: Banking and Financial Studies 2007,09, Deutsche Bundesbank.
    2. Andreas Horsch & Lars Rentsch & Enrico Seidel, 2019. "Supply Chain Finance für KMU," ZfKE – Zeitschrift für KMU und Entrepreneurship, Duncker & Humblot, Berlin, vol. 67(1), pages 81-89.
    3. Wolf, Björn, 2006. "Empirische Untersuchung zu den Einflussfaktoren der Finanzierungsprobleme junger Unternehmen in Deutschland und deren Auswirkungen auf die Wirtschaftspolitik," Working Papers "Firms and Region" U1/2006, Fraunhofer Institute for Systems and Innovation Research (ISI).

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    More about this item

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • G20 - Financial Economics - - Financial Institutions and Services - - - General

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