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VERSION:2.0
METHOD:PUBLISH
CALSCALE:GREGORIAN
BEGIN:VEVENT
DTSTAMP:20260515T211727Z
DTSTART;VALUE=DATE:20120913
DTEND;VALUE=DATE:20120915
SUMMARY:The Banking Sector and the State
TRANSP:TRANSPARENT
UID:2012_09_14_muenchen_635320
DESCRIPTION:As recent years have shown\, there exist manifold linkages be
 tween the banking sector and the state. During the financial crisis\, go
 vernments took extraordinary measures to ensure the proper functioning o
 f financial markets and to prevent a collapse of the banking sector. As 
 a result\, risks moved from the banking sector to the public sector. On 
 the other hand\, banks usually hold large sovereign exposures\, which he
 lped countries to finance their budget deficits. This means\, however\, 
 that the solvency of banks is inevitably linked to the solvency of the s
 tate. If the latter is imperilled\, as is the case in some European coun
 tries\, the consequences for the financial sector can be severe.\n\nThe 
 conference is intended to address the above-mentioned questions\, which 
 are currently at the centre of the policy debate.
LOCATION:CESifo Conference Centre\, Poschingerstraße 5\, 81679 Munich\, G
 ermany
CONTACT:
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