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Modell zur "Financial Fragility" nach Allen & Gale

Modell zur "Financial Fragility" nach Allen & Gale

          
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About the Book

Studienarbeit aus dem Jahr 2009 im Fachbereich BWL - Investition und Finanzierung, Note: 1,7, Universität zu Köln, Veranstaltung: Hauptseminar in Bankbetriebslehre, Sprache: Deutsch, Abstract: Diese Arbeit befasst sich mit der Entstehung von Finanzkrisen. Vor dem Hintergrund der aktuellen Finanzkrise scheint daher kaum eine Frage wichtiger als die nach der Entstehung solch einer Krise. Sind es zufällige Ereignisse, die spontan auftreten oder unumgängliche Ereignisse, die dem Wirtschaftszyklus folgen? Bereits 2004 wiesen Schnabel and Shin in ihrer empirischen Studie über eine Welle von Bankeninsolvenzen in Nordeuropa 1763 darauf hin, dass sich Krisen schnell verbreiten und sich die Intermediäre gegenseitig "anstecken", wenn sie stark vernetzt sind, was vor allem für moderne Finanzsystemen mit komplexen Derivatverträgen gilt. Die Richtigkeit dieser These wurde durch die derzeitige Krise schmerzhaft bewiesen. Diese Arbeit soll dabei helfen, die Gründe solcher Finanzkrisen zu verstehen. Zunächst werden in Abschnitt 2 wichtige theoretische Ansätze zu Finanzkrisen sowie deren Thesen vorgestellt. Daraufhin wird im Abschnitt 3 das Modell nach Allen and Gale zur Financial Fragility ausführlich erläutert. Der Begriff Financial Fragility beschreibt "[...]situations in which small shocks have a significant impact on the financial sytem". Neben dem Modell und dessen Gleichgewichten werden anschließend einige Erweiterungen vorgestellt. Es folgen verschiedene empirische Studien, in denen die Autoren historische Finanzkrisen analysieren und nach Gründen für ihr Entstehen suchen. Dieser Teil greift einige theoretische Ansätze aus Abschnitt 2 erneut auf. Letztlich werden in einem kurzen Fazit die Erkenntnisse dieser Arbeit zusammengefasst und einige kritische Anmerkungen zum Modell der Financial Fragility gemacht.


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Product Details
  • ISBN-13: 9783640484980
  • Publisher: Grin Publishing
  • Binding: Paperback
  • Language: German
  • Returnable: N
  • Spine Width: 2 mm
  • Width: 148 mm
  • ISBN-10: 3640484983
  • Publisher Date: 04 Dec 2009
  • Height: 210 mm
  • No of Pages: 32
  • Series Title: German
  • Weight: 54 gr


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