The German banking system and the global financial crisis: causes, developments and policy responses

Germany’s banking sector has been severely hit by the global financial crisis. In a German context as of February, 2009, this paper reviews briefly the structure of the banking industry, quantifies effects of the crisis on banks and surveys responses of economic policy. It is argued that policy design needs to enhance transparency and enforce the liability principle. In addition, economic policy should not eclipse principles of competition policy.

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Year of publication:	2009-03
Authors:	Bleuel, Hans-H.
Institutions:	Duesseldorf University of Applied Sciences
Subject:	bank \| banking crisis \| financial crisis \| economic policy \| germany

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Extent:	application/pdf
Series:	Duesseldorf Working Papers in Applied Management and Economics. - ISSN 1866-2722.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Published in Forschungsberichte des Fachbereichs Wirtschaft der Fachhochschule Duesseldorf ; 2009,8 ; ISSN 1866-2722 24 pages
Classification:	E52 - Monetary Policy (Targets, Instruments, and Effects)
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004991354