IDEAS home Printed from https://ideas.repec.org/p/zbw/ubwwpe/20081.html
   My bibliography  Save this paper

Auf der Suche nach der optimalen Finanzmarktaufsicht

Author

Listed:
  • Hartung, Thomas
  • Sell, Friedrich L.

Abstract

In diesem Beitrag werden mögliche ordnungspolitische Konsequenzen der Finanzmarktkrise in Folge der Turbulenzen auf dem US-amerikanischen Hypothekenkreditmarkt diskutiert. Zunächst erläutern die Autoren theoretisch und empirisch die Phänomene der Bankenkrisen und der Ansteckung in einem vernetzten Finanzmarkt, wie er in Europa vorliegt. Der derzeitige Status Quo der Finanzmarktaufsicht in Deutschland/Europa wird in seiner Funktionsweise geschildert, Schwächen und Stärken werden heraus gestellt. Anschließend entwickeln die Verfasser übergeordnete und abgeleitete Kriterien zur Bestimmung einer optimalen Finanzmarktaufsicht. Diese werden herangezogen, um drei unterschiedliche Szenarien zu bewerten und zu vergleichen: Den Status Quo, eine von den nationalen Notenbanken und der EZB dominierte Finanzmarktaufsicht sowie ein drittes, synthetisches Szenario für eine, gegebenenfalls erst zu schaffende neue Aufsichtsbehörde.

Suggested Citation

  • Hartung, Thomas & Sell, Friedrich L., 2008. "Auf der Suche nach der optimalen Finanzmarktaufsicht," Working Papers in Economics 2008,1, Bundeswehr University Munich, Economic Research Group.
  • Handle: RePEc:zbw:ubwwpe:20081
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/32830/1/558674321.pdf
    Download Restriction: no

    More about this item

    Keywords

    Finanzmarktaufsicht; Bank Runs; Ansteckung auf Finanzmärkten; financial market supervision; bank runs; contagion in financial markets;

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

    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:ubwwpe:20081. 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/ivbwmde.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.