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Bedeutung und Manipulation des LIBOR

Bedeutung und Manipulation des LIBOR


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About the Book

Bachelorarbeit aus dem Jahr 2013 im Fachbereich VWL - Finanzwissenschaft, Note: 1,3, Fachhochschule Trier - Hochschule für Wirtschaft, Technik und Gestaltung, Sprache: Deutsch, Abstract: Die Finanzkrise 2007 - ein Thema, das die Welt auch fünf Jahre später immer noch in Aufruhr hält und dessen Folgen immer noch spürbar sind. Über Jahre hinweg wurden im amerikanischen Immobilienmarkt zahlreiche Kredite ausgegeben, auch an Kreditnehmer mit geringer Bonität. Das Risiko dieser Kredite wurde, verpackt in komplexe Finanzprodukte, zunehmend an andere Banken und Versicherungsinstitutionen weiterverkauft. Die Kreditnehmer hatten jedoch zunehmend Schwierigkeiten ihre Schulden zurückzubezahlen. Kredite fielen reihenweise aus, die Immobilienblase platze. Dies führte zu Milliardenverlusten großer Banken, die in diese Kredite investiert waren. Höhepunkte waren schließlich die Insolvenzen von Northern Rock und Lehman Brothers, zwei der größten Banken Großbritanniens und der USA. Das Vertrauen in das Bankensystem war verloren gegangen. Banken horteten ihre Liquidität und legten diese als Überschussreserven bei den Zentralbanken an, anstatt sich untereinander Geld zu leihen. Der Interbankenmarkt kam nahezu zum Erliegen. Geldmittel mit einer Laufzeit von mehr als ein paar Tagen waren kaum noch verfügbar. Zu den wichtigsten Finanzmarktindikatoren gehörten die Geldmarktsätze des Interbankenmarktes. Diese stiegen ab 2007 enorm an. Auch die Differenzen (Spreads) zwischen diesen Geldmarktsätzen und Zinssätzen, die üblicherweise eng miteinander korreliert waren, weiteten sich extrem aus. Eindeutige Indikatoren für Unruhen im Interbankenmarkt. Einer dieser Zinssätze, der als wichtiger Indikator diente und stark beobachtet wurde, war der Libor - der London Interbank Offered Rate. Auch er wich ab 2007 stark von seinem vorherigen Verlauf ab. Auch die Korrelationen mit vergleichbaren Zinssätzen nahm stark ab. Der Libor sorgte innerhalb der Turbulenzen zusätzlich für Aufmerksamkeit, als 2008 Ber


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Product Details
  • ISBN-13: 9783656768562
  • Publisher: Grin Verlag Gmbh
  • Binding: Paperback
  • Language: German
  • Returnable: N
  • Weight: 141 gr
  • ISBN-10: 3656768560
  • Publisher Date: 15 Oct 2014
  • Height: 210 mm
  • No of Pages: 60
  • Spine Width: 4 mm
  • Width: 148 mm


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Bedeutung und Manipulation des LIBOR
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