Home > Society & social sciences > Education > History of education > Asset Backed Securities - Die True Sale Verbriefung von Firmenkundenkrediten durch Banken in Deutschland: Anwendung und Herausforderungen sowie mögliche Auswirkungen auf den deutschen Finanzierungsmarkt
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Asset Backed Securities - Die True Sale Verbriefung von Firmenkundenkrediten durch Banken in Deutschland: Anwendung und Herausforderungen sowie mögliche Auswirkungen auf den deutschen Finanzierungsmarkt

Asset Backed Securities - Die True Sale Verbriefung von Firmenkundenkrediten durch Banken in Deutschland: Anwendung und Herausforderungen sowie mögliche Auswirkungen auf den deutschen Finanzierungsmarkt

          
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About the Book

Inhaltsangabe: Zusammenfassung: Eine gesicherte und effektive Finanzierung der Unternehmen ist eine der zwingenden Voraussetzungen für eine Erholung der deutschen Konjunktur und die Rückkehr zu einem nachhaltigen Wirtschaftswachstum. Aufgrund dieser Tatsache und der anhaltenden Schwäche der deutschen Wirtschaft soll in der vorliegenden Arbeit daher der Frage nachgegangen werden, ob und inwieweit es Erfolg versprechende Alternativen zum bestehenden Finanzierungssystem in der Bundesrepublik Deutschland gibt. Im internationalen Vergleich überwiegt in Deutschland bei der Unternehmensfinanzierung die Kreditfinanzierung gegenüber der Finanzierung über den Kapitalmarkt. Dadurch besteht bei der Finanzierungsvorsorge der Unternehmen eine große Abhängigkeit von der Liquiditäts- und Kapitalverfügbarkeit des Bankensystems sowie von dessen Rentabilitätsüberlegungen. Die Finanzierungsbedingungen für Unternehmen in Deutschland haben sich aufgrund mehrerer Umstände verschärft. Die Banken erzielen, gerade auch im Vergleich zum Geschäft in anderen europäischen Ländern, mit dem Kreditgeschäft keine ausreichend hohen Renditen, da den hohen Risikokosten zu niedrige Bruttomargen gegenüberstehen. Letztere resultieren unter anderem aus dem aufgrund des zersplitterten deutschen Bankenmarktes starken Wettbewerb der deutschen Banken untereinander sowie teilweise aus der risikoundifferenzierten Preisfindung und „subventionierten" Kosten in Teilen des Kreditgewerbes. Unter „subventionierten" Kosten versteht man den Refinanzierungsvorteil der Landesbanken und Sparkassen. Ihre Eigentümer, die deutschen Bundesländer und Kommunen, gewähren diesen Institutionen bislang unbegrenzte Garantien für den Fall einer finanziellen Schieflage, mit der Folge, dass ihnen diese Garantien bei der Kapitalbeschaffung zu günstigen Konditionen verhelfen („Gewährträgerhaftung"). Aus diesen Gründen sinkt das Interesse der Banken an einem renditeschwachen Firmenkundenkreditgeschäft. Diese Situation hat sich durch stei


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Product Details
  • ISBN-13: 9783838679341
  • Publisher: Diplom.de
  • Binding: Paperback
  • Language: German
  • Returnable: N
  • Spine Width: 8 mm
  • Weight: 177 gr
  • ISBN-10: 3838679342
  • Publisher Date: 25 Apr 2004
  • Height: 210 mm
  • No of Pages: 126
  • Series Title: German
  • Sub Title: Anwendung und Herausforderungen sowie mögliche Auswirkungen auf den deutschen Finanzierungsmarkt
  • Width: 148 mm


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Asset Backed Securities - Die True Sale Verbriefung von Firmenkundenkrediten durch Banken in Deutschland: Anwendung und Herausforderungen sowie mögliche Auswirkungen auf den deutschen Finanzierungsmarkt
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Asset Backed Securities - Die True Sale Verbriefung von Firmenkundenkrediten durch Banken in Deutschland: Anwendung und Herausforderungen sowie mögliche Auswirkungen auf den deutschen Finanzierungsmarkt
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Asset Backed Securities - Die True Sale Verbriefung von Firmenkundenkrediten durch Banken in Deutschland: Anwendung und Herausforderungen sowie mögliche Auswirkungen auf den deutschen Finanzierungsmarkt

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