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Finanzmarktkrise: Entstehung, kurzfristige Reaktion und langfristiger Anpassungsbedarf

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  • Thomas Url

    (WIFO)

Abstract

Die aktuelle Finanzmarktkrise kann nicht auf eine einzelne Ursache zurückgeführt werden, sondern entstand aus dem Zusammenspiel mehrerer gleichzeitig wirksamer Kräfte. Die Ursachen lassen sich in drei Bereiche zusammenfassen: makroökonomische, regulierungs- bzw. aufsichtsbezogene und anreiz- bzw. kontrollbezogene Ursachen. Während die kurzfristigen wirtschaftspolitischen Maßnahmen auf eine Minimierung des Schadens abgestimmt waren, legen langfristige wirtschaftspolitische Überlegungen mehr Augenmerk auf die Stärkung stabilisierender Kräfte in der Regulierung und Beaufsichtigung von Finanzdienstleistern und auf eine Verbesserung der Anreizsysteme von Finanzintermediären.

Suggested Citation

  • Thomas Url, 2009. "Finanzmarktkrise: Entstehung, kurzfristige Reaktion und langfristiger Anpassungsbedarf," WIFO Monatsberichte (monthly reports), WIFO, vol. 82(12), pages 909-931, December.
    • Handle: RePEc:wfo:monber:y:2009:i:12:p:909-931
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    References listed on IDEAS

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    Cited by:

    1. Michael Böheim, 2009. "Wettbewerbspolitische Konsequenzen aus der Finanzmarktkrise," WIFO Monatsberichte (monthly reports), WIFO, vol. 82(12), pages 987-992, December.
    2. Thomas Url, 2018. "Die Folgen staatlicher Wechselbürgschaften und Beteiligungsgarantien für Inlandsbeschäftigung und Leistungsbilanz," WIFO Studies, WIFO, number 61057, February.
    3. Karl Aiginger & Hans Pitlik & Margit Schratzenstaller, 2010. "Optionen zur Konsolidierung der öffentlichen Haushalte in Österreich. Ausgangslage und Erfolgsbedingungen," WIFO Monatsberichte (monthly reports), WIFO, vol. 83(3), pages 219-232, March.
    4. Michael Peneder & Susanne Bärenthaler-Sieber & Michael Böheim & Thomas Url, 2021. "Der Staat als langfristiger Investor," WIFO Studies, WIFO, number 66819, February.
    5. Franz R. Hahn & Hans Pitlik & Susanne Sieber & Thomas Url, 2012. "Die EU-Bewertung makroökonomischer Ungleichgewichte in Österreich," WIFO Monatsberichte (monthly reports), WIFO, vol. 85(5), pages 381-395, May.
    6. Thomas Url, 2015. "Surge in Single Premium Payments Secured Stable Revenues for Private Insurance Business in 2014," WIFO Bulletin, WIFO, vol. 20(25), pages 282-291, December.
    7. Stephan Schulmeister, 2010. "Langsame Belebung der weltweiten Wachstumsdynamik. Mittelfristige Prognose der Weltwirtschaft bis 2014," WIFO Monatsberichte (monthly reports), WIFO, vol. 83(1), pages 37-45, January.
    8. Josef Baumgartner, 2009. "Die Auswirkungen der Finanzmarkt- und Wirtschaftskrise auf die Inflation," WIFO Monatsberichte (monthly reports), WIFO, vol. 82(12), pages 955-960, December.

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    Finanzmarktkrise Finanzinnovationen;

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