IDEAS home Printed from https://ideas.repec.org/a/spr/wirtsc/v95y2015i7p487-493.html
   My bibliography  Save this article

Regulierungsvorschriften für europäische Staatsanleihen und ihre Wirkung

Author

Listed:
  • Wolfgang Disch
  • Kai Schleberger

Abstract

Banks and governments are closely interlinked via multiple channels. On the one hand, government solvency crises can adversely affect the credit quality of banks. On the other, governments might be forced to bail out struggling banks, impairing the sustainability of public finances. The negative consequences of this sovereign-bank nexus were thrown into particularly sharp relief in the course of the financial and sovereign debt crisis. The close ties between banks and sovereigns owe much to the privileged regulatory treatment afforded to government debt securities. The current preferential treatment of sovereign debt–which includes privileges under the capital requirements and applicable large exposure limits–needs to be brought to an end. Sovereign debt is not a risk-free asset. Consequently, it needs to be backed by capital, and exposure to a single sovereign must be capped just as it is for any private debtor, over a medium to long-term horizon. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2015

Suggested Citation

  • Wolfgang Disch & Kai Schleberger, 2015. "Regulierungsvorschriften für europäische Staatsanleihen und ihre Wirkung," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 95(7), pages 487-493, July.
  • Handle: RePEc:spr:wirtsc:v:95:y:2015:i:7:p:487-493
    DOI: 10.1007/s10273-015-1853-4
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s10273-015-1853-4
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: https://libkey.io/10.1007/s10273-015-1853-4?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    G21;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

    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:spr:wirtsc:v:95:y:2015:i:7:p:487-493. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.