tailieunhanh - BALANCED STRUCTURAL POLICY: GERMAN SAVINGS BANKS FROM A REGIONAL ECONOMIC PERSPECTIVE

The amount of capitalization required by a bad bank is essentially determined by two factors: operating costs and acquisition costs. When a low price is paid for the acquired troubled assets, this not only minimizes the risk of future losses but also keeps the initial capital requirements of the bad bank low. The source of financing determines whether the government or private sector provides the required start-up funding. The need for liquid funds depends on how the banks being freed of their troubled assets will be “paid.” Liquid funding is not immediately required if a “payment” is made. | 58 June 2009 BALANCED STRUCTURAL POLICY GERMAN SAVINGS BANKS FROM A REGIONAL ECONOMIC PERSPECTIVE BALANCED STRUCTURAL POLICY GERMAN SAVINGS BANKS FROM A REGIONAL ECONOMIC PERSPECTIVE Dr. Stefan Gartner This study has been published by ESBG European Savings Banks Group in the framework of the Savings Banks Academic Award. The objective of the Savings Banks Academic Award is to stimulate comparative research projects on the rich historical heritage of the European savings banks and to propose solutions for the future. Dr. Stefan Gartner won the first prize of the 2008 edition of the Award. The findings interpretations and conclusions expressed in this paper do not necessarily reflect the views of ESBG European Savings Banks Group or WSBI World Savings Banks Institute . ESBG nor WSBI guarantee the accuracy of the data included in this work. The material in this publication is .

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