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Währungskrisen: Frühwarnindikatoren, Übertragungskanäle, Lösungsansätze

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  • Siebert, Horst

Abstract

Neben Frühindikatoren und Übertragungsmechanismen werden Lösungsansätze diskutiert. Bei den multilateralen Ansätzen führt die Einführung von Referenzzonen nicht weiter, die Behinderung des internationalen Kapitalverkehrs ist mit erheblichen Wohlfahrtsverlusten verbunden. Der Währungsfonds sollte zusammen mit der Verbesserung des Frühwarnsystems seine Politik so ändern, daß keine Fehlanreize für souveräne Gläubiger und private Kreditgeber gesetzt werden. Dazu zählt insbesondere, daß Volkswirtschaften Stabilitätsstandards bei sich umsetzen. Die institutionellen Regelungen der Weltwirtschaft sollten deshalb auf die Verankerung eines Verursacherprinzips (Troublemaker Pays Principle) abzielen.

Suggested Citation

  • Siebert, Horst, 1999. "Währungskrisen: Frühwarnindikatoren, Übertragungskanäle, Lösungsansätze," Kiel Working Papers 909, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkwp:909
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    References listed on IDEAS

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    3. Diehl, Markus & Schweickert, Rainer, 1998. "Currency crises: Is Asia different?," Kiel Discussion Papers 309, Kiel Institute for the World Economy (IfW Kiel).
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