IDEAS home Printed from https://ideas.repec.org/a/diw/diwvjh/78-1-8.html
   My bibliography  Save this article

Stabilität und Effizienz des deutschen Bankensektors im Lichte der Subprime-Krise

Author

Listed:
  • Manfred Weber
  • Mathias Brehe

Abstract

In autumn 2008 a swift worldwide political response was called for to avert the imminent collapse of the global financial system. Besides these immediate measures, to which there was no alternative, the financial sector needs to be reformed in the medium to long term. Improved stability will help to mitigate the harmful impact of future crises and reduce the frequency of severe financial market turmoil. The optimal combination of financial-sector stability and productivity is currently being impeded by avoidable structural inefficiencies and what is in some cases a misguided institutional and regulatory framework. Some of the reform measures under discussion unnecessarily restrict productivity again. The efforts that are undisputedly required to strengthen stability should go hand in hand with steps to enhance financial-sector efficiency. This is the only way to improve the performance of the banking sector and sustainably ensure growth funding and employment in Germany. Im Herbst 2008 war weltweit ein schnelles Handeln der Politik erforderlich, um den drohenden Kollaps des globalen Finanzsystems abzuwenden. Neben diesen alternativlosen Sofortmaßnahmen muss in der mittleren bis langen Frist der Finanzsektor reformiert werden. Eine verbesserte Stabilität soll zukünftige Krisen in ihrer schädlichen Wirkung abschwächen und die Häufigkeit von extremen Finanzmarktturbulenzen verringern. Die optimale Kombination von Stabilität und volkswirtschaftlicher Leistungsfähigkeit des Finanzsektors wird zurzeit durch vermeidbare strukturelle Ineffizienzen und falsche ordnungspolitische Rahmenbedingungen erschwert. Die diskutierten Reformmaßnahmen schränken zum Teil die Leistungsfähigkeit erneut unnötig ein. Eine unzweifelhaft notwendige Stärkung der Stabilität sollte aber mit einer verbesserten Effizienz des Finanzsektors verbunden werden. Nur so kann die Leistungsfähigkeit des Bankensektors gestärkt und die Finanzierung von Wachstum und Beschäftigung in Deutschland dauerhaft gesichert werden.

Suggested Citation

  • Manfred Weber & Mathias Brehe, 2009. "Stabilität und Effizienz des deutschen Bankensektors im Lichte der Subprime-Krise," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 78(1), pages 96-113.
  • Handle: RePEc:diw:diwvjh:78-1-8
    as

    Download full text from publisher

    File URL: http://ejournals.duncker-humblot.de/DH/doi/pdf/10.3790/vjh.78.1.96
    Download Restriction: no

    References listed on IDEAS

    as
    1. repec:idb:brikps:21078 is not listed on IDEAS
    2. anonymous, 2008. "Federal Reserve Bank of Kansas City: 2007 annual report," TEN, Federal Reserve Bank of Kansas City, issue Spr, pages 37-81.
    3. Claudio Borio & Craig Furfine & Philip Lowe, 2001. "Procyclicality of the financial system and financial stability: issues and policy options," BIS Papers chapters,in: Bank for International Settlements (ed.), Marrying the macro- and micro-prudential dimensions of financial stability, volume 1, pages 1-57 Bank for International Settlements.
    4. Nancy Masschelein, 2007. "Monitoring pro-cyclicality under the capital requirements directive : preliminary concepts for developing a framework," Working Paper Document 120, National Bank of Belgium.
    5. repec:idb:brikps:21378 is not listed on IDEAS
    6. repec:idb:brikps:21578 is not listed on IDEAS
    7. World Bank, 2008. "The World Bank Annual Report 2008," World Bank Publications, The World Bank, number 7524, April.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Financial crises; banking sector stability; banking sector efficiency;

    JEL classification:

    • G1 - Financial Economics - - General Financial Markets
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)

    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:diw:diwvjh:78-1-8. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Bibliothek). General contact details of provider: http://edirc.repec.org/data/diwbede.html .

    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 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.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.