Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/51266
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dc.contributor.authorIlgmann, Cordeliusen_US
dc.contributor.authorvan Suntum, Ulrichen_US
dc.date.accessioned2011-11-09en_US
dc.date.accessioned2011-11-14T17:07:32Z-
dc.date.available2011-11-14T17:07:32Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/51266-
dc.description.abstractThis paper discusses the instrument of equalisation claims, which has successfully been used in two previous German debt crises as a method for stabilizing the balance sheets of financial institutions. A modern version of this method would swap temporarily illiquid assets for government bonds with open maturit , in order to avoid the problem of evaluating the toxic assets in advance. Not only will this method save taxpayers' money, but it also upholds the market principle of liability, thereby avoiding incentives for inefficient risk-prone behaviour in the financial sector. The current German bad bank approach principally follows this approach, but severely suffers from unnecessary complexity and voluntary participation.en_US
dc.language.isoengen_US
dc.publisher|aCAWM |cMünsteren_US
dc.relation.ispartofseries|aCAWM discussion paper / Centrum für Angewandte Wirtschaftsforschung Münster |x22en_US
dc.subject.jelE44en_US
dc.subject.jelG01en_US
dc.subject.jelN24en_US
dc.subject.ddc330en_US
dc.subject.keywordFinancial Crisisen_US
dc.subject.keywordBad Banksen_US
dc.subject.keywordGerman Historyen_US
dc.subject.keywordequalisation claimsen_US
dc.titleBad banks: The case of Germanyen_US
dc.typeWorking Paperen_US
dc.identifier.ppn671789066en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:cawmdp:22-

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