Year: 2010
Author: Menkhoff, Lukas
Credit and Capital Markets – Kredit und Kapital, Vol. 43 (2010), Iss. 2 : pp. 165–182
Abstract
„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.
Journal Article Details
Publisher Name: Global Science Press
Language: German
DOI: https://doi.org/10.3790/kuk.43.2.165
Credit and Capital Markets – Kredit und Kapital, Vol. 43 (2010), Iss. 2 : pp. 165–182
Published online: 2010-04
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 18
Author Details
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Geld, Kredit und Banken
Geldpolitik in den Finanzkrisen
Gischer, Horst
Herz, Bernhard
Menkhoff, Lukas
2020
https://doi.org/10.1007/978-3-662-49227-7_22 [Citations: 0]