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Projekttitel:
Macroprudential Oversight in the Eurozone




Projektpersonal der HWR

Herr, Hansjörg, Prof. Dr.   (Gesamt-Projektleiter/in)   
Metzger, Martina, Prof. Dr.   (Gesamt-Projektleiter/in)   

Kooperationspartner

Universität für Wirtschaft und Finanzen Südwestchinas (SWUFE)

Inhalt

Beschreibung <p style="text-align:justify"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">In this project, we would like to analyze the theoretical foundation of macroprudential oversight as well as the tasks of the European Systemic Risk Board (ESRB), the German Financial Stability Committee (G-FSC) and the Deutsche Bundesbank&rsquo;s role within this institutional setting. </span></p><p style="text-align:justify"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">In a first step an overview of the institutions, responsible for macroprudential oversight, will be given. The different indicators used within the Euro Zone for macroprudential oversight will be discussed. Secondly, semi-structured interviews with different financial actors will address the interviewees&rsquo; evaluation of the theoretical and institutional framework. The interviewees shall be from Deutsche Bundesbank Frankfurt a.M. and Berlin, European Central Bank, Federal Ministry of Finance, Federal Financial Supervisory Authority (BaFin), Federal Agency for Financial Market Stabilisation (FMSA), altogether being members of the G-FSC and the ESRB.</span></p><p style="text-align:justify"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">With the Bundesbank&rsquo;s evaluation, reporting and recommendation mandate to identify risks to financial stability it has a special role in this committee, facing several problems associated with macroprudential policies: </span></p><ul> <li style="text-align:justify"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">How to identify risks jeopardizing financial market stability?</span></li> <li style="text-align:justify"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">How to evaluate consequences and side-effects of macroprudential policies given a lack of experience? (DBb 2016: 22)</span></li> <li style="text-align:justify"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">How to ensure reciprocity of macroprudential policies across the European Union? (DBb 2016: 45; ESRB 2015, 2016) </span></li></ul><p style="text-align:justify"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">A structured process of evaluation and implementation and an ex ante and ex post analyses have been introduced by the Deutsche Bundesbank (DBb 2016: 22). Of special interest will be possible overlaps and inconsistencies within the newly introduced institutions and their activities. Additionally, we would like to find out whether there are blind spots in the oversight mechanisms. Also conflicts of interest of the Deutsche Bundesbank and the ECB in terms of their mandate will be discussed.&nbsp; </span></p><p style="text-align:justify"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Macroprudential oversight is an essential task to ensure financial market stability. Until the outbreak of the financial crisis in 2007/08 there have been used rather microprudential indicators and policies to analyze, evaluate and stabilize financial markets which &ndash; as we could have seen during the financial crises &ndash; have been insufficient. Adding macroprudential oversight seems to be more appropriate to prevent financial instability. Within the Euro Zone there are several institutions part of the macroprudential institutional network to prevent financial crises: </span></p><ul> <li style="text-align:justify"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">the Deutsche Bundesbank,</span></li> <li style="text-align:justify"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">The Federal Ministry of Finance,the Federal Financial Supervisory Authority (BaFin),</span></li> <li style="text-align:justify"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Federal Agency for Financial Market Stabilisation (FMSA).</span></li></ul><p style="text-align:justify"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">These institutions represent all public sector institutions in Germany, which are responsible for macroprudential oversight in the German Financial Stability Committee (G-FSC) (DBb 2017). In order to conduct a comparative study, partners from the Southwestern University of Finance and Economics (SWUFE) Chengdu, are going to examine the Chinese macroprudential oversight mechanisms. </span></p>

Förderdaten

Geldgeber/-in Förderprogramm Freitext
Deutsche Bundesbank

Grunddaten

Projekttitel Macroprudential Oversight in the Eurozone
Akronym
ausführlicher Projekttitel
Projekttitel (English)
Laufzeit von 01.10.2017
Laufzeit bis 31.03.2018
Bewilligungsdatum
Antragsdatum
HWR-interne Kostenträgernummer
Projekt-URL
Projekttyp
Rolle der HWR bei Verbundvorhaben Konsortialführer
ggf. Aktenzeichen/Förderkennzeichen des Mittelgebers
Status abgeschlossen
zur Veröffentlichung im Internet freigeben J
Änderungsdatum 30.05.2018 14:34:52

Zuordnung zu Einrichtungen

Fachbereich 1 Wirtschaftswissenschaften
Institute for International Political Economy Berlin (IPE Berlin)

Strukturbaum
Das Projekt wurde 2 mal gefunden: