Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/51266 
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dc.contributor.authorIlgmann, Cordeliusen
dc.contributor.authorvan Suntum, Ulrichen
dc.date.accessioned2011-11-09-
dc.date.accessioned2011-11-14T17:07:32Z-
dc.date.available2011-11-14T17:07:32Z-
dc.date.issued2009-
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
dc.language.isoengen
dc.publisher|aWestfälische Wilhelms-Universität Münster, Centrum für Angewandte Wirtschaftsforschung (CAWM) |cMünsteren
dc.relation.ispartofseries|aCAWM Discussion Paper |x22en
dc.subject.jelE44en
dc.subject.jelG01en
dc.subject.jelN24en
dc.subject.ddc330en
dc.subject.keywordFinancial Crisisen
dc.subject.keywordBad Banksen
dc.subject.keywordGerman Historyen
dc.subject.keywordequalisation claimsen
dc.titleBad banks: The case of Germany-
dc.typeWorking Paperen
dc.identifier.ppn671789066en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:cawmdp:22en

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