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Transmissionsmechanismus in Krisenzeiten

Transmissionsmechanismus in Krisenzeiten


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About the Book

Masterarbeit aus dem Jahr 2009 im Fachbereich BWL - Investition und Finanzierung, Note: 2,0, Alpen-Adria-Universität Klagenfurt (WIFI), Veranstaltung: Finance Management, Sprache: Deutsch, Abstract: Es begann mit der Immobilien- und Hypothekenblase in den USA, wo es durch eine extreme Überbewertung der Häuserpreise und einer inadäquaten Regulierung der Hypothekenfinanzierung zu einem massiven Marktversagen kam. Kredite wurden ohne großartige Überprüfung der Bonität oder der Rückzahlungsfähigkeit des Kreditnehmers vergeben, weil davon ausgegangen worden ist, dass sich die Immobilienpreise weiterhin so positiv entwickeln würden wie bisher. Im Falle, dass ein Kreditnehmer seinen Verbindlichkeiten nicht mehr nachgekommen wäre, hätte die Bank die belastete Immobilie einfach weiterverkauft, was dazu führte, dass sehr viele Kreditnehmer mit schlechter Bonität, die so genannten Subprimes, zu einer Immobilienfinanzierung Zugang hatten. Die anfänglich niedrigen Zinsen konnten sie sich noch leisten, aber nach und nach wurden die Zinsen angehoben, was wiederum zur Folge hatte, dass sich viele der Betroffenen ihre monatlichen Raten nicht mehr leisten konnten und die Immobilie der Bank quasi zurückgaben. Gleichzeitig begann auch der Immobilienpreis zu sinken und nicht, wie angenommen, weiter zu steigen. Im Jahr 2008 sanken die Häuserpreise in den USA um fast 20% und die Subprimekrise war geboren. Auf Grund der Tatsache, dass viele Immobilienkredite in komplexen Anleihenprodukten verbrieft wurden, kam es auch zu einem bösen Erwachen der Investoren und auch der Banken. Der enorme Wertverlust der Hypotheken führte dazu, dass auch diese Papiere massiv an Wert verloren. Dies verursachte hohe Verluste bei Banken und stellte sie vor das Problem, dass mehr Schulden als Kapital in den Büchern standen. Die Banken hatten nun keine Möglichkeit mehr, die Wirtschaft mit den dringend benötigten Krediten zu versorgen. Sie versuchten, durch Verkäufe von Vermögenswerten wieder Liquidität zu schaff


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Product Details
  • ISBN-13: 9783656050636
  • Publisher: Grin Publishing
  • Binding: Paperback
  • Language: German
  • Returnable: N
  • Spine Width: 6 mm
  • Width: 148 mm
  • ISBN-10: 3656050635
  • Publisher Date: 18 Nov 2011
  • Height: 210 mm
  • No of Pages: 96
  • Series Title: German
  • Weight: 186 gr


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