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Verbraucherpolitik und Finanzmarkt: neue Institutionen braucht das Land?

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  • Rainer Metz

Abstract

Political parties in Germany reacted with numerous suggestions on the heavy losses for consumers in financial markets. Besides a more intensive regulation for financial services a number of new institutions were suggested, like installing a financial watchdog or a financial inspection agency or traffic light signals for financial products from saving books to certificates. Unfortunately in most cases only very general proposals were made and precise descriptions of their tasks were missing as well as concepts how to finance these new institutions. It remained very unclear what the economic concepts for these proposals were and how they would fit into general European trends. Alternatives like building or improving networks of existing powerful institutions, or strengthening independant advice services on the basis of fees or using new techniques, like web 2.0, for consumer policy remained unconsidered. Auf die Verunsicherung der Verbraucher durch die Verluste auf dem Finanzmarkt wurde mit einer Vielzahl von neuen Vorschlägen reagiert. Neben einer strengeren Regulierung vieler Angebote wurden neue Institutionen, wie die Einrichtung von Finanzmarktwächtern, eines Finanzmarktchecks (Finanz-TÜV) oder einer Ampelkennzeichnung für Finanzdienstleistungen, gefordert. Dabei wurde aber überwiegend mit Schlagworten gearbeitet. Präzise Aufgabenbeschreibungen fehlten regelmäßig ebenso wie schlüssige Finanzierungskonzepte. Wirtschaftspolitische Grundlinien blieben ebenso Mangelware wie Einbindungen in europäische Konzepte. Die Alternative einer effektiven Vernetzung vorhandener Stärken blieb meist ebenso ausgeblendet wie die gezielte Förderung sinnvoller Alternativen auf dem Markt, etwa der unabhängigen Honorarberatung, oder neuer Technologien, etwa eines interaktiven Web-Konzeptes.

Suggested Citation

  • Rainer Metz, 2009. "Verbraucherpolitik und Finanzmarkt: neue Institutionen braucht das Land?," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 78(3), pages 96-109.
  • Handle: RePEc:diw:diwvjh:78-3-6
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    More about this item

    Keywords

    Consumer protection; financial markets; Goverment policy and regulation;

    JEL classification:

    • D18 - Microeconomics - - Household Behavior - - - Consumer Protection
    • D53 - Microeconomics - - General Equilibrium and Disequilibrium - - - Financial Markets
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation

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