Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/32972 
Authors: 
Year of Publication: 
2009
Citation: 
[Editor:] Klodt, Henning [Editor:] Lehment, Harmen [Title:] The crisis and beyond [Publisher:] Kiel Institute for the World Economy [Place:] Kiel [Year:] 2009 [Pages:] 24-29
Publisher: 
Kiel Institute for the World Economy, Kiel
Abstract: 
The German scheme of creating national SPV-loopholes for structured assets is a relatively expensive way to 'buy time' for troubled banks and runs counter to the task of a more uniform and transparent international regulatory framework. It also does not provide a major incentive for a recapitalisation of banks, as the expected advantage of the envisaged new class of preferential shares over existing regular shares tends to be at best small.
Document Type: 
Book Part
Document Version: 
Published Version

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