IDEAS home Printed from https://ideas.repec.org/p/zbw/vswi14/107397.html
   My bibliography  Save this paper

Staatsverschuldung, Banken und Demokratie: Die Bedeutung von Sinnverbund und der Einheit von Handeln und Haften in der Schuldenkrise der EWU

Author

Listed:
  • Walterscheid, Heike

Abstract

Members of the European Currency Union and even a majority of all other Member States of the European Union are faced with high public and private depts. It is almost obvious that many Member States will have a problem with repaying depts and even are endanger to fall through interest payment. Thus, citizens within the territories of the European Currency Union are faced with an unpredictable risk of liability in case of bank failure and/or bankrupted states. Given that exit is almost no individual option yet, this implies the risk of a compulsory infringement into private assets of European citizens. Thus, losses caused by governments and banks, which both genuinely origin from political failure, will be socialized. Since European democracies are not aware of the implication of fractionized acting rights, which per se should build an internalizing unit of acting rights and therefore unify acting and liability, they are faced with serious complications into outmaneuver now- assuming that they really want to.

Suggested Citation

  • Walterscheid, Heike, 2014. "Staatsverschuldung, Banken und Demokratie: Die Bedeutung von Sinnverbund und der Einheit von Handeln und Haften in der Schuldenkrise der EWU," Beiträge zur Jahrestagung 2014 (Goettingen) 107397, Verein für Socialpolitik, Ausschuss für Wirtschaftssysteme und Institutionenökonomik.
    • Handle: RePEc:zbw:vswi14:107397
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/107397/1/818555157.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Wegehenkel, Lothar & Walterscheid, Heike, 2008. "Rechtsstruktur und Evolution von Wirtschaftssystemen - Pfadabhängigkeit in Richtung Zentralisierung?," Ilmenau Economics Discussion Papers 57, Ilmenau University of Technology, Institute of Economics.
    2. Coase, R H, 1974. "The Lighthouse in Economics," Journal of Law and Economics, University of Chicago Press, vol. 17(2), pages 357-376, October.
    3. Commons, John R., 1931. "Institutional Economics," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 21, pages 648-657.
    4. repec:mhr:btrord:urn:isbn:9783163406810 is not listed on IDEAS
    5. Hans-Werner Sinn, 2011. "Target-Salden, Außenhandel und Geldschöpfung," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 64(09), pages 23-25, May.
    6. Herrmann, Karolin, 2012. "Unüberschaubare Haftung der europäischen Krisenpolitik: Bisherige Entwicklung und zukünftige Maßnahmen," KBI kompakt (2011-2013) 5, Karl-Bräuer-Institut des Bundes der Steuerzahler e.V. (KBI).
    7. James R. Marchand & Lothar Wegehenkel, 1984. "The Interrelationships of Rents, Externalities and the Law," UCLA Economics Working Papers 324, UCLA Department of Economics.
    8. Möschel Wernhard, 2013. "Die Finanzkrise und der Ruf nach mehr Europa / The financial crisis and the call for “more Europe”," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 64(1), pages 475-486, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Walterscheid, Heike, 2015. "Eigentumsformen und die Leistungsfähigkeit marktwirtschaftlicher Koordination," Beiträge zur Jahrestagung 2015 (Bayreuth) 140888, Verein für Socialpolitik, Ausschuss für Wirtschaftssysteme und Institutionenökonomik.
    2. Jiao Luo & Aseem Kaul, 2019. "Private action in public interest: The comparative governance of social issues," Strategic Management Journal, Wiley Blackwell, vol. 40(4), pages 476-502, April.
    3. Paula E. Stephan, 2004. "Robert K. Merton's perspective on priority and the provision of the public good knowledge," Scientometrics, Springer;Akadémiai Kiadó, vol. 60(1), pages 81-87, May.
    4. Robert Roßner & Dimitrios Zikos, 2018. "The Role of Homogeneity and Heterogeneity Among Resource Users on Water Governance: Lessons Learnt from an Economic Field Experiment on Irrigation in Uzbekistan," Water Economics and Policy (WEP), World Scientific Publishing Co. Pte. Ltd., vol. 4(03), pages 1-30, July.
    5. Bernard Billaudot, 2009. "L'ambivalence de la RSE. L'illusion de la coordination par le contrat," Post-Print halshs-00515194, HAL.
    6. Chen, W.D., 2016. "Policy failure or success? Detecting market failure in China's housing market," Economic Modelling, Elsevier, vol. 56(C), pages 109-121.
    7. Élodie Bertrand, 2006. "La thèse d'efficience du « théorème de Coase ». Quelle critique de la microéconomie ?," Revue économique, Presses de Sciences-Po, vol. 57(5), pages 983-1007.
    8. Siri Terjesen, 2007. "Note to Instructors: Building a Better Rat Trap," Entrepreneurship Theory and Practice, , vol. 31(6), pages 965-969, November.
    9. Walter Block, 2010. "Rejoinder To Boettke On Coasean Economics And Communism," Romanian Economic Business Review, Romanian-American University, vol. 5(3), pages 9-30, September.
    10. Walter Block & William Barnett, 2009. "Coase and Bertrand on lighthouses," Public Choice, Springer, vol. 140(1), pages 1-13, July.
    11. Marc Flandreau, 2013. "Sovereign states, bondholders committees, and the London Stock Exchange in the nineteenth century (1827–68): new facts and old fictions," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 29(4), pages 668-696, WINTER.
    12. Griewald, Yuliana, 2018. "The Art of the State to Intervene: Insights Into Agricultural Land Management in Russia," Ecological Economics, Elsevier, vol. 151(C), pages 1-9.
    13. Rossi, Enrico, 2020. "Reconsidering the dual nature of property rights: personal property and capital in the law and economics of property rights," LSE Research Online Documents on Economics 105840, London School of Economics and Political Science, LSE Library.
    14. Heatley, David, 2011. "Auckland Transport: Institutional Congestion?," Working Paper Series 4080, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
    15. JOHN McMILLAN, 1979. "The Free‐Rider Problem: A Survey," The Economic Record, The Economic Society of Australia, vol. 55(2), pages 95-107, June.
    16. Leroux, Isabelle, 2000. "The Role Of Negotiation In The Structuring Of Territory: The Case Of Biotechnologies In Toulouse," ERSA conference papers ersa00p71, European Regional Science Association.
    17. Williams, Michael R. & Hall, Joshua C., 2015. "Hackerspaces: a case study in the creation and management of a common pool resource," Journal of Institutional Economics, Cambridge University Press, vol. 11(4), pages 769-781, December.
    18. Dan Bogart & Gary Richardson, 2011. "Property Rights and Parliament in Industrializing Britain," Journal of Law and Economics, University of Chicago Press, vol. 54(2), pages 241-274.
    19. König, Jörg, 2016. "Von der Währungs- zur Transferunion," Argumente zur Marktwirtschaft und Politik 132, Stiftung Marktwirtschaft / The Market Economy Foundation, Berlin.
    20. Carnis Laurent, 2014. "The Political Economy of Lighthouses: Some Further Considerations," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 20(2), pages 143-165, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:vswi14:107397. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/vfswsea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.