Cite JOURNAL ARTICLE
Eine "dienende Rolle„ für den Finanzsektor? Nicht dienen, sondern funktionieren!
Credit and Capital Markets – Kredit und Kapital, Vol. 43 (2010), Iss. 2 : pp. 165–182
1 Citations (CrossRef)
Prof. Dr. Lukas Menkhoff, Leibniz Universität Hannover, Institut für Geld und Internationale Finanzwirtschaft, Königsworther Platz 1, D-30167 Hannover.
Geld, Kredit und Banken
Geldpolitik in den Finanzkrisen
2020https://doi.org/10.1007/978-3-662-49227-7_22 [Citations: 0]
„Playing Servant" by the Financial Sector? Not Serving, but Functioning!
The image is undisputed in the political debate that the function of the financial sector is to „play servant" to the real economy, but the consequences derived from this debate are controversial. Clearer is the academic worlds concept to restrict the functions of the financial sector deliberately. But such restriction is hardly convincing from the different perspectives of functionality. Because of this indetermination and, respectively, restriction, a „servant role" is apparently inappropriate as a useful yardstick for reorienting the financial sector. In line with this image, it would certainly be possible to improve crisis prevention, but at the price of cuts in important functions so that a „servant role" as a concept of crisis prevention would not be any desirable solution either.