The German Banking System and the Global Financial Crisis: Causes, Developments and Policy Responses

24 Pages Posted: 21 Mar 2009

See all articles by Hans H. Bleuel

Hans H. Bleuel

University of Applied Sciences Duesseldorf

Date Written: February 28, 2009

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

JEL Classification: G2, G21, G18, O52

Suggested Citation

Bleuel, Hans H., The German Banking System and the Global Financial Crisis: Causes, Developments and Policy Responses (February 28, 2009). Available at SSRN: https://ssrn.com/abstract=1365813 or http://dx.doi.org/10.2139/ssrn.1365813

Hans H. Bleuel (Contact Author)

University of Applied Sciences Duesseldorf ( email )

Universitätsstrasse
Duesseldorf, 40225
Germany

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