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Bankenrettung und Bankenaufsicht

Author

Listed:
  • Frenkel Michael

    (Department of Economics, WHU – Otto Beisheim School of Management and CEUS (Center for European Studies), Burgplatz 2, 56179 Vallendar, Tel.: (0261) 6509-150)

  • Rülke Jan-Christoph

    (Department of Economics, WHU – Otto Beisheim School of Management, Burgplatz 2, 56179 Vallendar, Tel.: (0261) 6509-286)

  • Stadtmann Georg

    (Europa-Universität Viadrina, Fakultät für Wirtschaftswissenschaften, Postfach 1786, 15207 Frankfurt (Oder), Germany, Tel.: (0335) 5534 2700)

Abstract

In this paper, we present two models in which the introduction of a “lender of the last resort” significantly affects the banking sector. In the first model, the introduction is stabilizing. However, in the second model it is destabilizing. Both models are very well suited to theoretically highlight the current discussion surrounding a European bank rescue and European banking supervision. Numerical examples illustrate the approach in deriving the model results.

Suggested Citation

  • Frenkel Michael & Rülke Jan-Christoph & Stadtmann Georg, 2013. "Bankenrettung und Bankenaufsicht," Zeitschrift für Wirtschaftspolitik, De Gruyter, vol. 62(1), pages 23-44, April.
    • Handle: RePEc:lus:zwipol:v:62:y:2013:i:1:p:23-44
    DOI: 10.1515/zfwp-2013-0103
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