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


Crisis, systemic (systemic crisis)

The threat of – severe disruption or – even collapse of regular exchange relations within an economy or the world economy as a whole (extremely severe and widespread troubles that affect the whole financial and monetary system). – The collapse of the U.S. bank Lehman Brothers in mid-September 2008 taught us that a systemic crisis – even a global one – can emanate from the insolvency of a bank that is interconnected in many parts of the economy. – See Bank, systemic, domino effect, financial market interdependence, G-Sifi, imponderables, crisis plan, Murphy’s law, risk, systemic, stabilizers, automatic, too big to fail principle, economic crisis. – Cf. ECB Monthly Report of November 2009, pp. 118 ff. (Banking sector in systemic crisis; overviews), Deutsche Bundesbank Monthly Report of May 2010, pp. 42 ff. (Impact of the financial crisis on companies, households and the state), ECB Monthly Report of July 2011, p. 91 ff. (EU framework for crisis management in the financial sector), Financial Stability Report 2012, p. 98 (continuing dangers posed by the possible collapse of globally interconnected institutions), Deutsche Bundesbank Annual Report 2012, p. 97 (outline for crisis management of institutions in distress).

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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