Title data
Gischer, Horst ; Herz, Bernhard ; Menkhoff, Lukas:
Antizyklischer Kapitalpuffer aktiviert – zu spät, zu wenig und dennoch richtig.
In: Wirtschaftsdienst.
Vol. 99
(2019)
Issue 11
.
- pp. 784-788.
ISSN 1613-978X
DOI: https://doi.org/10.1007/s10273-019-2529-2
Abstract in another language
In Deutschland wurde erstmals der antizyklische Eigenkapitalpuffer für Banken aktiviert. Die
Eigenkapitalanforderungen wurden um den kleinstmöglichen Schritt erhöht. Außerdem erfolgt die Umsetzung im Vergleich zu anderen europäischen Ländern relativ spät. Dieses Muster der kleinen und späten Umsetzung kann eine Folge des institutionellen Rahmens mit drei zuständigen Institutionen sein. Die übrigen europäischen Länder handeln schneller und entschlossener, wenn die Entscheidung von einer einzigen Institution getroffen wird.
Abstract in another language
German authorities have implemented a new element of macroprudential regulation for the fi rst time, i.e. they activated the anti-cyclical capital buffer for banks, which will become legally binding from July 2020 onwards. The authorities have chosen to increase capital requirements by the smallest possible step, namely 0.25 percentage points of bank capital. Moreover, the implementation is relatively late compared to other European countries. The authors argue that this pattern of small and late implementation may be a consequence of the institutional setting, that three institutions have to agree on such an action. Generally, it seems that European countries act faster and more decisively if the decision is made by a single institution. Moreover, the arguments provided by German authorities
indicate that a decision could have been made earlier.
Further data
Item Type: | Article in a journal |
---|---|
Refereed: | No |
Keywords: | Bankenpolitik; Bankensystem; Geldpolitik; Kapitalstock; Regulierung |
Subject classification: | JEL Classification: E58, G28, G28 |
Institutions of the University: | Faculties Faculties > Faculty of Law, Business and Economics Faculties > Faculty of Law, Business and Economics > Department of Economics Faculties > Faculty of Law, Business and Economics > Department of Economics > Chair Economics I - International Economics and Finance Faculties > Faculty of Law, Business and Economics > Department of Economics > Chair Economics I - International Economics and Finance > Chair Economics I - International Economics and Finance - Univ.-Prof. Dr. Bernhard Herz |
Result of work at the UBT: | Yes |
DDC Subjects: | 300 Social sciences 300 Social sciences > 330 Economics |
Date Deposited: | 21 Nov 2019 08:01 |
Last Modified: | 04 Aug 2022 09:16 |
URI: | https://eref.uni-bayreuth.de/id/eprint/53166 |