The German Banking System and the Global Financial Crisis: Causes, Developments and Policy Responses
24 Pages Posted: 21 Mar 2009
Date Written: February 28, 2009
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
JEL Classification: G2, G21, G18, O52
Suggested Citation: Suggested Citation