Research
Research
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Banking and capital market regulation
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Structure of banking systems
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Integration of financial and real economy
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Analysis and implementation of monetary policy
Promotionsvorhaben
"On Banking Systems and the Real Economy: Congruence and Interdependence in OECD Countries"
Whether the design of a country's financial sector has an impact on the efficiency of the real economy and thus a significant influence on real output is a question that has been widely discussed in the literature. While continental Europe has mainly bank-based financial systems, the Anglo-Saxon world is characterised by a strong capital market orientation. Only on the basis of this observation, however, is it not possible to draw any conclusions regarding the (real economic) success of the countries involved. The research project approaches the described topic from two directions: On the one hand, an empirical classification of different banking systems is carried out by means of cluster analysis. On the other hand, an empirical classification of different real economic systems is carried out. A subsequent synthesis relates both systems to each other. On the basis of selected criteria, statements on the interdependencies and congruence of banking systems and the real economy are to be made, which can result in an extended basis for decision-making, for example in the economic policy process.