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

Hans-H. Bleuel ()
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Hans-H. Bleuel: Department of Economics of the Duesseldorf University of Applied Sciences

Duesseldorf Working Papers in Applied Management and Economics from Duesseldorf University of Applied Sciences

Abstract: 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.

Keywords: bank; banking crisis; financial crisis; economic policy; germany (search for similar items in EconPapers)
JEL-codes: E52 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2009-03
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Citations: View citations in EconPapers (3)

Published in Forschungsberichte des Fachbereichs Wirtschaft der Fachhochschule Duesseldorf ; 2009,8 ; ISSN 1866-2722

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Persistent link: https://EconPapers.repec.org/RePEc:ddf:wpaper:08

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