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Die Fremdwährungsschulden der deutschen Bundesländer und Gemeinden

Author

Listed:
  • Niklas Potrafke
  • Markus Reischmann
  • Julia Richenhagen
  • Marina Riem

Abstract

Am 15. Januar 2015 entschied die Schweizerische Notenbank, den Mindestkurs des Franken zum Euro aufzugeben. Binnen kurzer Zeit wertete der Franken um bis zu 20% auf. Das niedrige Zinsniveau in der Schweiz hatte zuvor Schuldner in die Schweiz gelockt. Viele vermeintliche Gewinner von Zinsvorteilen aus Fremdwährungskrediten wurden durch die Aufwertung des Schweizer Franken zu Verlierern. Zum Kreis der Schuldner zählen nicht nur Privatpersonen, sondern auch deutsche Bundesländer und Gemeinden. Der Beitrag beschreibt die Verschuldungsstruktur und die Fremdwährungsschulden der Bundesländer und Gemeinden.

Suggested Citation

  • Niklas Potrafke & Markus Reischmann & Julia Richenhagen & Marina Riem, 2015. "Die Fremdwährungsschulden der deutschen Bundesländer und Gemeinden," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 68(04), pages 48-51, February.
    • Handle: RePEc:ces:ifosdt:v:68:y:2015:i:04:p:48-51
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    References listed on IDEAS

    as
    1. Ronny Freier & Verena Grass, 2013. "Kommunale Verschuldung in Deutschland: Struktur verstehen - Risiken abschätzen," DIW Wochenbericht, DIW Berlin, German Institute for Economic Research, vol. 80(16), pages 13-21.
    2. Reischmann Markus, 2014. "Staatsverschuldung in Extrahaushalten: Historischer Überblick und Implikationen für die Schuldenbremse in Deutschland," Perspektiven der Wirtschaftspolitik, De Gruyter, vol. 15(2), pages 171-181, June.
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    More about this item

    Keywords

    Schulden; Währungsrisiko; Wechselkurs; Kommunale Finanzpolitik; Deutschland;
    All these keywords.

    JEL classification:

    • H74 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Borrowing

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