Aufsätze Ökonomik

Aufsätze Pädagogik

Aufsätze Sozialethik


Prof. Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.

Abhandlungen über Johann Heinrich Jung-Stilling

Nachtodliche Belehrungen zur Ökonomik

Nachtodliche Belehrungen zu Persönlichkeiten

Nachtodliche Belehrungen zur Philosophie

Nachtodliche Belehrungen zur Theologie

Nachtodliche Belehrungen zu verschiedenen Themen


Cleaning up after (also usually used in German), sometimes mischievously called sweeping the shards

In the context of a speculative bubble, the central bank’s efforts to limit damage after a bubble has burst, for example by providing generous liquidity. – However, it cannot be the central bank’s task to prevent bubbles. With the instruments at its disposal, a central bank can hardly achieve monetary stability and financial stability at the same time. It is rather up to the supervisory authorities to take appropriate measures to curb a run-up in asset markets, for instance by imposing high – and, depending on various criteria, variable, and, if there are signs of a bubble, sharply increasing – collateral requirements for credit-financed transactions. – When it comes to euphoric expectations of profit and wealth, the small investors who are primarily pumping up a bubble cannot be stopped by anything or anyone: financial history has many examples to prove this. There will probably be bubbles again and again in the future. – See bubble, speculative, dotcom bubble, real estate bubble, Jackson Hole consensus, leaning against the wind, Martin principle, milkmaid bull market, quantitative easing, tulip crash, exuberance, unreasonable, full allocation.

Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: