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Banken treiben Eurokrise

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  • Fabian Lindner

Abstract

Der Report betrachtet das Verhalten der Gläubiger - vor allem der Banken - in der Eurokrise. Die größten Gläubiger der heutigen Krisenländer Griechenland, Spanien, Irland, Portugal und Italien sind deutsche und französische Banken. Diese haben 2008 große Verluste in der US-Subprimekrise erlitten und mussten ihre Bilanz verkürzen, was zu einem Abbau ihrer Auslandsforderungen geführt hat. Der Forderungsabbau hat zu einem plötzlichen Anhalten der Kreditvergabe geführt, der die Krise im Euroraum mit ausgelöst hat. Dass die Banken sich so verhalten haben, liegt an der Bankenregulierung und den Regeln des Euroraums. Nach der Bankenregulierung Basel II müssen Banken prozyklisch ihr Kapital erhöhen, wenn ihre Forderungen risikoreicher werden. In einer Finanzkrise erfolgt diese Kapitalanpassung meist über den Abbau von Forderungen. Die Regeln des Euroraums erlauben eine staatliche Insolvenz, so dass Gläubiger Verluste tragen müssen. Steigt die Wahrscheinlichkeit einer Insolvenz, müssen Gläubiger ihre Forderungen so schnell wie möglich verringern, um selbst ihr Kapital und damit ihre eigene Solvenz zu erhalten. Notwendige Bedingung der Stabilisierung des Euroraums wäre damit eine Garantie, Staaten nicht insolvent gehen zu lassen. Darüber hinaus sollte die Bankenregulierung weniger prozyklisch ausgestaltet werden.

Suggested Citation

  • Fabian Lindner, 2013. "Banken treiben Eurokrise," IMK Report 82-2013, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
  • Handle: RePEc:imk:report:82-2013
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    References listed on IDEAS

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    1. Gustav A. Horn & Fabian Lindner & Torsten Niechoj, 2011. "Schuldenschnitt für Griechenland - ein gefährlicher Irrweg für den Euroraum," IMK Report 63-2011, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
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    Cited by:

    1. Junye Li & Gabriele Zinna, 2014. "How much of bank credit risk is sovereign risk? Evidence from the eurozone," Temi di discussione (Economic working papers) 990, Bank of Italy, Economic Research and International Relations Area.
    2. Theobald, Thomas & Grüning, Patrick & van Treeck, Till, 2015. "Income inequality and Germany's current account surplus," Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 112846, Verein für Socialpolitik / German Economic Association.
    3. Alexander Herzog-Stein & Fabian Lindner & Rudolf Zwiener, 2013. "Nur das Angebot zählt?," IMK Report 87-2013, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    4. repec:liu:liucej:v:14:y:2017:i:1:p:13-36 is not listed on IDEAS
    5. Fabian Lindner, 2015. "Did Scarce Global Savings Finance the US Real Estate Bubble? The “Global Saving Glut” thesis from a Stock Flow Consistent Perspective," IMK Working Paper 155-2015, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    6. Fabian Lindner, 2014. "Haben die knappen Weltersparnisse die US-Immobilienblase finanziert?," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 40(1), pages 33-61.
    7. Fabian Lindner, 2015. "Does Saving Increase the Supply of Credit? A Critique of Loanable Funds Theory," World Economic Review, World Economics Association, vol. 2015(4), pages 1-1, February.
    8. Sabine Stephan & Jonas Löbbing, 2013. "Außenhandel der der EU27," IMK Report 83-2013, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    9. repec:liu:liucej:v:14:y:2017:i:1:p:13-37 is not listed on IDEAS
    10. Alexander Herzog-Stein & Fabian Lindner & Rudolf Zwiener, 2013. "Is the supply side all that counts?," IMK Report 87e-2013, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    11. Jan Behringer & Nikolaus Kowall, 2013. "Außenhandel der USA," IMK Report 85-2013, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    12. Sabine Stephan & Jonas Löbbing, 2013. "Foreign trade of the EU27," IMK Report 83e-2013, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.

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