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Open-End Real Estate Funds in Germany – Genesis and Crisis

Year:    2008

Author:    Bannier, Christina E., Fecht, Falko, Tyrell, Marcel

Credit and Capital Markets – Kredit und Kapital, Vol. 41 (2008), Iss. 1 : pp. 9–36

Abstract

Offene Immobilienfonds in Deutschland – Ursprung und Krise

Offene Immobilienfonds sind für das deutsche, bank-dominierte Finanzsystem von besonderer Bedeutung. Die kürzlich beobachteten Schwierigkeiten einiger dieser Fonds lösten jedoch eine breite Debatte bezüglich der Notwendigkeit regulatorischer Eingriffe aus. Ziel dieser Arbeit ist eine detaillierte Beschreibung der institutionellen Struktur der offenen Immobilienfonds in Deutschland sowie der Ereignisse, die zu der beobachteten Krise führten. Gestützt auf Analysen der modernen Banktheorie wird erklärt, warum gerade in Deutschland offene Immobilienfonds eine wichtige Rolle spielen. Basierend auf den theoretischen Erkenntnissen werden die verschiedenen, in der Öffentlichkeit diskutierten Politikempfehlungen evaluiert.

Journal Article Details

Publisher Name:    Global Science Press

Language:    English

DOI:    https://doi.org/10.3790/kuk.41.1.9

Credit and Capital Markets – Kredit und Kapital, Vol. 41 (2008), Iss. 1 : pp. 9–36

Published online:    2008-05

AMS Subject Headings:    Duncker & Humblot

Copyright:    COPYRIGHT: © Global Science Press

Pages:    28

Author Details

Bannier, Christina E.

Fecht, Falko

Tyrell, Marcel

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