The German Banking System: Lessons from the Financial Crisis:
The German banking system came under pressure during the financial crisis, not least due to its significant exposure to toxic assets which originated in the US. In the short run, the stability of the system has been achieved, in large part through substantial government support measures. However, en...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Paris
OECD Publishing
2010
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Schriftenreihe: | OECD Economics Department Working Papers
no.788 |
Schlagworte: | |
Online-Zugang: | Volltext |
Zusammenfassung: | The German banking system came under pressure during the financial crisis, not least due to its significant exposure to toxic assets which originated in the US. In the short run, the stability of the system has been achieved, in large part through substantial government support measures. However, ensuring adequate capitalization of the banking system remains a major challenge going forward and may require more active government involvement. The underlying causes of the banking sector problems are related to: i) the activities of the Landesbanken which benefitted from government guarantees without a proper business model; ii) weak capitalization and high fragmentation of the whole banking system, possibly related to the particularly rigid three-pillar structure; and iii) deficiencies in banking regulation and supervision. The challenge is to address these three causes in order to raise the long-run stability of the banking system. This paper relates to the 2010 OECD Economic Review of Germany (www.oecd.org/eco/surveys/germany). |
Beschreibung: | 1 Online-Ressource (24 p.) 21 x 29.7cm. |
DOI: | 10.1787/5kmbm80pjkd6-en |
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spelling | Hüfner, Felix VerfasserIn aut The German Banking System: Lessons from the Financial Crisis Felix, Hüfner = Le système bancaire : les leçons de la crise financière / Felix, Hüfner Le système bancaire : les leçons de la crise financière Paris OECD Publishing 2010 1 Online-Ressource (24 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.788 The German banking system came under pressure during the financial crisis, not least due to its significant exposure to toxic assets which originated in the US. In the short run, the stability of the system has been achieved, in large part through substantial government support measures. However, ensuring adequate capitalization of the banking system remains a major challenge going forward and may require more active government involvement. The underlying causes of the banking sector problems are related to: i) the activities of the Landesbanken which benefitted from government guarantees without a proper business model; ii) weak capitalization and high fragmentation of the whole banking system, possibly related to the particularly rigid three-pillar structure; and iii) deficiencies in banking regulation and supervision. The challenge is to address these three causes in order to raise the long-run stability of the banking system. This paper relates to the 2010 OECD Economic Review of Germany (www.oecd.org/eco/surveys/germany). Economics Germany FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/5kmbm80pjkd6-en Volltext |
spellingShingle | Hüfner, Felix The German Banking System: Lessons from the Financial Crisis Economics Germany |
title | The German Banking System: Lessons from the Financial Crisis |
title_alt | Le système bancaire : les leçons de la crise financière |
title_auth | The German Banking System: Lessons from the Financial Crisis |
title_exact_search | The German Banking System: Lessons from the Financial Crisis |
title_full | The German Banking System: Lessons from the Financial Crisis Felix, Hüfner = Le système bancaire : les leçons de la crise financière / Felix, Hüfner |
title_fullStr | The German Banking System: Lessons from the Financial Crisis Felix, Hüfner = Le système bancaire : les leçons de la crise financière / Felix, Hüfner |
title_full_unstemmed | The German Banking System: Lessons from the Financial Crisis Felix, Hüfner = Le système bancaire : les leçons de la crise financière / Felix, Hüfner |
title_short | The German Banking System: Lessons from the Financial Crisis |
title_sort | german banking system lessons from the financial crisis |
topic | Economics Germany |
topic_facet | Economics Germany |
url | https://doi.org/10.1787/5kmbm80pjkd6-en |
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