Systemic Risk in the Banking Sector – The German Model

Burghof, Hans-Peter; Gischer, Horst

doi:10.3790/vaw.2024.1447202

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Burghof, H., Gischer, H. Systemic Risk in the Banking Sector – The German Model. Vierteljahreshefte zur Arbeits- und Wirtschaftsforschung, 1(2), 155-183. https://doi.org/10.3790/vaw.2024.1447202

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Systemic Risk in the Banking Sector – The German Model

Burghof, Hans-Peter | Gischer, Horst

Vierteljahreshefte zur Arbeits- und Wirtschaftsforschung, Vol. 1 (2024), Iss. 2 : pp. 155–183

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Duncker & Humblot

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https://doi.org/10.3790/vaw.2024.1447202

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German

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Hans-Peter Burghof, Universität Hohenheim

Horst Gischer, Otto-von-Guericke-Universität Magdeburg

References

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Abstract

Im Rahmen der Vollendung der Europäischen Bankenunion steht die Entscheidung über die Organisation der Instituts- bzw. Einlagensicherung weiterhin aus. Allein die Verknüpfung der beiden inhaltlich keineswegs zwingend identischen Ziele hat in jüngerer Zeit zu durchaus heftigen Kontroversen geführt. Der Beitrag analysiert die grundlegenden Komponenten des systemischen Risikos in (nationalen) Bankenmärkten und liefert einen kursorischen Einblick in die strukturellen Besonderheiten ausgewählter Finanzsysteme in der EWU.

Mit dem Fokus auf die Verhältnisse in Deutschland werden Kriterien abgeleitet, an denen sich die europaweite Organisation sowohl der Instituts- als auch der Einlagensicherung orientieren sollte. Es wird empirisch gestützt begründet, dass ein insbesondere hinsichtlich der Geschäftsmodelle diversifizierter (nationaler) Bankenmarkt einer homogenen Angebotsstruktur im Finanzsektor grundsätzlich überlegen ist. Dies gilt explizit dann, wenn Bankengruppen ähnlicher Ausrichtung („Verbünde“) über voneinander getrennte Institutssicherungssysteme verfügen.

Section Title	Page	Action	Price
Hans-Peter Burghof / Horst Gischer: Systemic Risk in the Banking Sector – The German Model	155
Zusammenfassung	155
1. Introduction	156
2. Germany’s “Unique” Banking System	157
3. IPS Under Fire: The Technical Debate	160
4. Systemic Risk: The Structural Dimensions	162
5. The Structural Dimensions of Systemic Risk and Decentralized Banking Networks	165
5.1 Size: The Too-Big-To-Fail Fallacy	165
5.2 Connectedness: The Multi-Dimensional Monster	170
5.3 Systemic Risk and the Sovereign-Bank Nexus	172
5.4 The Pleasures of Diversification: Business Models and Decision-Making Structures	175
6. The EU and Diversity in Banking	180
References	181