IDEAS home Printed from https://ideas.repec.org/p/zbw/sfb597/85.html
   My bibliography  Save this paper

Die Krise der Finanzmärkte und die Rückkehr des Staates

Author

Listed:
  • James, Harold

Abstract

Wenn ganze Finanzsystemen von radikalem Vertrauensentzug betroffen sind, so können dem nur Einrichtungen nachhaltig entgegentreten, die einen fast unbegrenzten Zugriff auf Ressourcen haben. Solche Einrichtungen können auch Selbsthilfegruppen sein, wie etwa ein Pool mächtiger Banken, wie das 1907 der Fall war. Der US-Finanzminister hatte, in der Tat, am 24. September 2008 versucht, genau eine solche Pool-Lösung zu schaffen. Aber in einem Klima umfassender Unsicherheit kann Selbsthilfe nicht mehr greifen. Regierungen und Zentralbanken müssen einspringen, denn allein sie sind groß und schnell genug, und zudem müssen sich die Zentralbanken bei ihren fiscal bailouts immer stärker auf ihre jeweilige Regierung stützen. In der amerikanischen Politik wird ein neuer Staatskapitalismus als die werdende globale Wirklichkeit behandelt. Ein solcher Konsens zeichnet sich über Atlantik und Pazifik hinweg gleichermaßen ab. Diese Entwicklung wird die Politik der Nationalstaaten Europas und der Europäischen Integration verändern. Sie wird insbesondere die Bedeutung der kleinen Mitgliedstaaten deutlich mindern, denn sie können den neuen Herausforderungen am wenigsten gerecht werden.

Suggested Citation

  • James, Harold, 2009. "Die Krise der Finanzmärkte und die Rückkehr des Staates," TranState Working Papers 85, University of Bremen, Collaborative Research Center 597: Transformations of the State.
  • Handle: RePEc:zbw:sfb597:85
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/27900/1/598962980.PDF
    Download Restriction: no

    References listed on IDEAS

    as
    1. Göran Therborn & K.C. Ho, 2009. "Introduction," City, Taylor & Francis Journals, vol. 13(1), pages 53-62, March.
    2. Wendt, Alexander, 1992. "Anarchy is what states make of it: the social construction of power politics," International Organization, Cambridge University Press, vol. 46(02), pages 391-425, March.
    3. Moravcsik, Andrew, 1997. "Taking Preferences Seriously: A Liberal Theory of International Politics," International Organization, Cambridge University Press, vol. 51(04), pages 513-553, September.
    4. March, James G. & Olsen, Johan P., 1998. "The Institutional Dynamics of International Political Orders," International Organization, Cambridge University Press, vol. 52(04), pages 943-969, September.
    5. Tsebelis, George, 1995. "Decision Making in Political Systems: Veto Players in Presidentialism, Parliamentarism, Multicameralism and Multipartyism," British Journal of Political Science, Cambridge University Press, vol. 25(03), pages 289-325, July.
    6. J. Barkley Rosser, 2009. "Introduction," Chapters,in: Handbook of Research on Complexity, chapter 1 Edward Elgar Publishing.
    7. Streeck, Wolfgang & Thelen, Kathleen (ed.), 2005. "Beyond Continuity: Institutional Change in Advanced Political Economies," OUP Catalogue, Oxford University Press, number 9780199280469.
    8. Martens, Kerstin & Balzer, Carolin & Sackmann, Reinhold & Wexmann, Ansgar, 2004. "Comparing governance of international organisations: The EU, the OECD and educational policy," TranState Working Papers 7, University of Bremen, Collaborative Research Center 597: Transformations of the State.
    Full references (including those not matched with items on IDEAS)

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:zbw:sfb597:85. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (ZBW - German National Library of Economics). General contact details of provider: http://edirc.repec.org/data/zesbrde.html .

    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 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.