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Werden Wirtschaftskrisen durch das Verhalten der Banken verschärft?

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Abstract

Dieser Beitrag untersucht für die Schweiz die Funktionsweise des Bankkredit- Kanals – eine Problematik, die in der Subprime-Krise 2007/ 08 und der dadurch ausgelösten Rezession unter dem Stichwort «Kreditklemme» viel Beachtung erhielt. Anhand von vierteljährlichen Daten zu den Faktoren, die das Kreditangebot und die Kreditnachfrage bestimmen, wird die Entwicklung der aggregierten Kreditentwicklung in der Schweiz in den letzten zwanzig Jahren untersucht. Die Ergebnisse zeigen, dass eine schärfere Praxis der Banken bei der Kreditvergabe ein wichtiger Angebotsfaktor ist, der das Kreditwachstum beeinflusst, und dass sowohl die Bankenliquidität als auch das Eigenkapital der Banken für die Kreditvergabe bindende Restriktionen darstellen, und zwar unabhängig von der Grösse einer Bank. Gemäss einer Panelschätzung mit Daten für die Schweiz, die USA, die Euro-Zone und Japan wurde die Kreditvergabe in den letzten zwanzig Jahren eher durch angebotsseitige als nachfrageseitige Faktoren beschränkt (Ausnahme: Japan). Insgesamt zeigt die Studie, dass das Verhalten der Banken bei der Kreditvergabe die Wirkung der Geldpolitik auf die Gesamtnachfrage verstärkt.

Suggested Citation

  • Banu Simmons-Süer, 2010. "Werden Wirtschaftskrisen durch das Verhalten der Banken verschärft?," KOF Analysen, KOF Swiss Economic Institute, ETH Zurich, vol. 4(2), pages 41-56, June.
    • Handle: RePEc:kof:anskof:v:4:y:2010:i:2:p:41-56
    DOI: 10.3929/ethz-a-005427569
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