Skip to main content
SpringerLink
Log in

Finanzialisierung und die Performativität des Schattenbanksystems

  • Chapter
  • First Online:
Politische Ökonomie der Finanzialisierung

Part of the book series: Globale Politische Ökonomie ((GPÖ))

Zusammenfassu

Finanzialisierung beinhaltet mehr als nur eine Neugewichtung oder Abkopplung der Finanzmärkte gegenüber der Realwirtschaft. Finanzialisierung verweist auch innerhalb der Finanzmärkte auf eine sich verändernde Ausrichtung und Organisation von Finanzmarktpraktiken. Ein neues Netzwerk aus Banken, Rating-Agenturen, Investoren und Experten verbindet sich über neue Praktiken wie die Verbriefung von Forderungen, die Konstruktion von strukturierten Finanzprodukten oder Versicherungsinstrumenten und verändert damit die Strukturen und Handlungssysteme innerhalb der Finanzmärkte.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 39.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 49.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Literatur

  • Adrian, T., und A. B. Ashcraft. 2012. Shadow Banking Regulation. Federal Reserve Bank of New York Staff Reports No. 559.

    Google Scholar 

  • Adrian, T., und H. Shin. 2009. The Shadow Banking System: Implications for Financial Regulation. Financial Stability Review 13 (September): 1–10.

    Google Scholar 

  • Adrian, T., und H. Shin. 2010. The Changing Nature of Financial Intermediation and the Financial Crisis of 2007–09. Federal Reserve Bank of New York Staff Reports 439.

    Google Scholar 

  • Aitken, J., und M. Singh. 2010. The (Sizable) Role of Rehypothecation in the Shadow Banking System. Internationaler Währungsfonds, IMF Working Paper WP/10/172.

    Google Scholar 

  • Aspers, P. 2007. Wissen und Bewertung auf Märkten. Berliner Journal für Soziologie 17 (4): 431–449.

    Article  Google Scholar 

  • BCBS. 2010. Review of the Differentiated Nature and Scope of Financial Regulation. Key Issues and Recommendations. Basel Committee for Banking Supervision. Basel.

    Google Scholar 

  • BIZ. 2012. BIS 82nd Annual Report – June 2012. Bank für Internationalen Zahlungsausgleich, Basel.

    Google Scholar 

  • BIZ. 2011. BIS 81st Annual Report – June 2011. Bank für Internationalen Zahlungsausgleich, Basel.

    Google Scholar 

  • Borio, C., R. McCauley, und P. McGuire. 2011. Global Credit and Domestic Credit Booms – BIS Quarterly Review, September: 43–57.

    Google Scholar 

  • Caruana, J. 2012. Building a Resilient Financial System. Speech at the ADB Financial Sector Forum on “Enhancing Financial Stability – Issues and Challenges”. Manila, 7. Februar.

    Google Scholar 

  • Cerutti, F. 2011. The Deeper Roots of Legitimacy and its Future. Review of International Political Economy 18 (1): 121–130.

    Article  Google Scholar 

  • du Plessis, S. 2011. Collapse. The Story of the International Financial Crisis, its Causes and Policy Consequences. Stellenbosch Economics Department Working Papers 02/11.

    Google Scholar 

  • Engelen, E., I. Ertürk, J. Froud, S. Johal, A. Leaver, M. Moran, A. Nilsson, und K. Williams. 2011. After the Great Complacence. Financial Crisis and the Politics of Reform. Oxford: Oxford University Press.

    Book  Google Scholar 

  • Epstein, G. 2005. Financialization and the World Economy. Cheltenham: Edward Elgar Publishing.

    Google Scholar 

  • Erturk, I., J. Froud, A. Leaver, S. Johal, und K. Williams. 2008. Financialization at Work. Key Texts and Commentary. London: Routledge.

    Google Scholar 

  • Fontaine, J. S., und R. Garcia. 2012. Bond Liquidity Premia. Review of Financial Studies 25 (4): 1207–1254.

    Article  Google Scholar 

  • FSB. 2011. Shadow Banking: Strengthening Oversight and Regulation. Recommendations of the Financial Stability Board. 27. October.

    Google Scholar 

  • FSB. 2012a. Strengthening the Oversight and Regulation of Shadow Banking. Financial Stability Board Progress Report to G20 Ministers and Governors. 16. April.

    Google Scholar 

  • FSB. 2012b. FSB Securities Lending and Repos: Market Overview and Financial Stability Issues. Financial Stability Board Interim Report of the FSB Workstream on Securities Lending and Repos. 27. April.

    Google Scholar 

  • FSB. 2012c. Press release: Financial Stability Board Reports to G20 on Progress of Financial Regulatory Reforms. Financial Stability Board.

    Google Scholar 

  • FSB., BIZ., und IWF. 2011. Macroprudential Policy Tools and Frameworks – Progress Report to G20. Financial Stability Board, October 2011.

    Google Scholar 

  • Gambacorta, L., und D. Marques-Ibanez. 2011. The Bank Lending Channel: Lessons from the Crisis. Bank für Internationalen Zahlungsausgleich BIS Working Papers No. 345.

    Google Scholar 

  • Gorton, G., und A. Metrick. 2010. Regulating the Shadow Banking System. Brookings Papers on Economic Activity 101 (2): 261–312.

    Article  Google Scholar 

  • Gorton, G. B., S. Lewellen, und A. Metrick. 2012. The Safe-Asset Share. NBER Working Paper Series 17777.

    Google Scholar 

  • IWF. 2008. IMF Annual Report 2008– Making the Global Economy Work for All. Internationaler Währungsfonds: Washington, D.C.

    Google Scholar 

  • IWF. 2009. IMF Annual Report 2009– Fighting the Global Crisis. Internationaler Währungsfonds: Washington, D.C.

    Google Scholar 

  • IWF. 2010. IMF Annual Report 2010– Supporting a Balanced Global Recovery. Internationaler Währungsfonds: Washington, D.C.

    Google Scholar 

  • IWF. 2011. IMF Annual Report 2011– Pursuing Equitable and Balanced Growth. Internationaler Währungsfonds: Washington, D.C.

    Google Scholar 

  • Kessler, O. 2012. Sleeping with the Enemy? On Hayek, Constructivist Thought, and the Current Economic Crisis. Review of International Studies 38 (2): 275–299.

    Article  Google Scholar 

  • MacKenzie, D. 2006. An Engine, not a Camera: How Financial Models shape Markets. Cambridge: MIT Press.

    Book  Google Scholar 

  • MacKenzie, D. 2010. Unlocking the Language of Structured Securities. Financial Times 19. August 2010.

    Google Scholar 

  • MacKenzie, D. 2012. Knowledge Production in Financial Markets: Credit Default Swaps, the ABX and the Subprime Crisis. Economy and Society 41 (3): 335–359.

    Article  Google Scholar 

  • McCulley, P. 2007. Teton Reflections. PIMCO Global Central Bank Focus.

    Google Scholar 

  • Munteanu, I. 2010. Systemic Risk in Banking: New Approaches Under the Current Financial Crisis. MPRA Paper 27392.

    Google Scholar 

  • Ojo, M. 2011. Financial Stability, new Macro Prudential Arrangements and Shadow Banking: Regulatory Arbitrage and stringent Basel III Regulations. MPRA Paper 31391.

    Google Scholar 

  • Pakravan, K. 2011. Global Financial Architecture, Global Imbalances and the Future of the Dollar in a postcrisis World. Journal of Financial Regulation and Compliance 19 (1): 18–32.

    Article  Google Scholar 

  • Pozsar, Z. 2008. The Rise and Fall of the Shadow Banking System. Regional Financial Review July: 13–15.

    Google Scholar 

  • Pozsar, Z. 2010. Institutional Cash Pools and the Triffin Dilemma of the US Banking System. Internationaler Währungsfonds IMF Working Paper WP/11/190.

    Google Scholar 

  • Pozsar, Z., und M. Singh. 2011. The Nonbank-Bank Nexus and the Shadow Banking System“. Internationaler Währungsfonds IMF Working Paper WP/11/289.

    Google Scholar 

  • Pozsar, Z., T. Adrian, H. Boesky, und A. Ashcraft. 2012. The Traditional Banking System has three Actors: Savers, Borrowers, and Banks. Federal Reserve Bank of New York Staff Reports February 2012.

    Google Scholar 

  • Sinclair, T. 2009. Let‘s get it right this Time! Why Regulation Will not Solve or Prevent Global Financial Crises. International Political Sociology 3 (4): 450–453.

    Article  Google Scholar 

  • Weber, A. A. 2011. Securing Stability and Growth in a post-crisis World. Financial Stability Review 15 (February): 151–157.

    Google Scholar 

  • Zamagni, S. 2009. The Lesson and Warning of a Crisis foretold: A Political Economy Approach. International Review of Economics 56 (3): 315–334.

    Article  Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Staatswissenschaftliche Universität, Universität Erfurt, Neuhäuser Straße 63, 99089, Erfurt, Deutschland

    Prof. Dr. Oliver Kessler & Benjamin Wilhelm

Authors
  1. Prof. Dr. Oliver Kessler
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Benjamin Wilhelm
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to Oliver Kessler .

Editor information

Editors and Affiliations

  1. Institut für Politikwissenschaft, Goethe-Universität Frankfurt am Main, Frankfurt am Main, Germany

    Marcel Heires

  2. Institut für Politikwissenschaft, Goethe-Universität Frankfurt am Main, Frankfurt am Main, Germany

    Andreas Nölke

Rights and permissions

Reprints and permissions

Copyright information

© 2014 Springer Fachmedien Wiesbaden

About this chapter

Cite this chapter

Kessler, O., Wilhelm, B. (2014). Finanzialisierung und die Performativität des Schattenbanksystems. In: Heires, M., Nölke, A. (eds) Politische Ökonomie der Finanzialisierung. Globale Politische Ökonomie. Springer VS, Wiesbaden. https://doi.org/10.1007/978-3-658-03778-9_6

Download citation

  • DOI: https://doi.org/10.1007/978-3-658-03778-9_6

  • Published:

  • Publisher Name: Springer VS, Wiesbaden

  • Print ISBN: 978-3-658-03777-2

  • Online ISBN: 978-3-658-03778-9

  • eBook Packages: Humanities, Social Science (German Language)

Publish with us

Policies and ethics

Search

Navigation