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Wie schnell erholt sich eine Volkswirtschaft nach einer Währungs- und Staatsschuldenkrise?

Author

Listed:
  • Isabel Hanisch
  • Klaus Wohlrabe
  • Timo Wollmershäuser

Abstract

Im Jahr 2012 hat das ifo Institut in einer Studie gezeigt, dass sich Staaten, die eine starke Abwertung ihrer Währung erfuhren, bereits zwei Jahre nach der Währungskrise wieder erholten und überdurchschnittliche Wachstumsraten aufwiesen. Im vorliegenden Beitrag wird diese Untersuchung auf Staatsschuldenkrisen ausgeweitet. Als zentrales Ergebnis kann festgehalten werden, dass nur Schuldenschnitte, die zusammen mit einer starken externen Abwertung auftraten, mit einer nachhaltigen wirtschaftlichen Erholung einhergingen.

Suggested Citation

  • Isabel Hanisch & Klaus Wohlrabe & Timo Wollmershäuser, 2015. "Wie schnell erholt sich eine Volkswirtschaft nach einer Währungs- und Staatsschuldenkrise?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 68(13), pages 56-57, July.
    • Handle: RePEc:ces:ifosdt:v:68:y:2015:i:13:p:56-57
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    File URL: https://www.ifo.de/DocDL/ifosd_2015_13_8.pdf
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    References listed on IDEAS

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    1. Carmen M. Reinhart & Kenneth S. Rogoff, 2014. "This Time is Different: A Panoramic View of Eight Centuries of Financial Crises," Annals of Economics and Finance, Society for AEF, vol. 15(2), pages 215-268, November.
    2. Carmen M. Reinhart & Kenneth S. Rogoff, 2009. "Varieties of Crises and Their Dates," Introductory Chapters, in: This Time Is Different: Eight Centuries of Financial Folly, Princeton University Press.
    3. Juan J. Cruces & Christoph Trebesch, 2013. "Sovereign Defaults: The Price of Haircuts," American Economic Journal: Macroeconomics, American Economic Association, vol. 5(3), pages 85-117, July.
    4. Carmen M. Reinhart, 2010. "This Time is Different Chartbook: Country Histories on Debt, Default, and Financial Crises," NBER Working Papers 15815, National Bureau of Economic Research, Inc.
    5. Benjamin Born & Teresa Buchen & Kai Carstensen & Christian Grimme & Michael Kleemann & Klaus Wohlrabe & Timo Wollmershäuser, 2012. "Austritt Griechenlands aus der Europäischen Währungsunion: Historische Erfahrungen, makroökonomische Konsequenzen und organisatorische Umsetzung," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 65(10), pages 09-37, May.
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    Cited by:

    1. Martin Schütte, 2015. "Griechenland-Krise: Wunsch und Wirklichkeit," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 68(18), pages 12-17, September.

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    More about this item

    Keywords

    Volkswirtschaft; Schuldenkrise; Währungskrise; Wirtschaftsgeschichte;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • N20 - Economic History - - Financial Markets and Institutions - - - General, International, or Comparative

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