@misc{Sorge2011, author = {Sorge, Arndt}, title = {Too big to fail the inside story of how wall street and washington fought to save the financial system from crisis-and themselves}, series = {Socio-economic review}, volume = {9}, journal = {Socio-economic review}, number = {1}, publisher = {Oxford Univ. Press}, address = {Oxford}, issn = {1475-1461}, pages = {169 -- 186}, year = {2011}, language = {en} } @misc{Sorge2011, author = {Sorge, Arndt}, title = {A failure of capitalism the crisis of '08 and the descent into depression}, series = {Socio-economic review}, volume = {9}, journal = {Socio-economic review}, number = {1}, publisher = {Oxford Univ. Press}, address = {Oxford}, issn = {1475-1461}, pages = {169 -- 186}, year = {2011}, language = {en} } @misc{Sorge2011, author = {Sorge, Arndt}, title = {How markets fail the logic of economic calamities}, series = {Socio-economic review}, volume = {9}, journal = {Socio-economic review}, number = {1}, publisher = {Oxford Univ. Press}, address = {Oxford}, issn = {1475-1461}, pages = {169 -- 186}, year = {2011}, language = {en} } @misc{Sorge2011, author = {Sorge, Arndt}, title = {This time is different eight centuries of financial folly}, series = {Socio-economic review}, volume = {9}, journal = {Socio-economic review}, number = {1}, publisher = {Oxford Univ. Press}, address = {Oxford}, issn = {1475-1461}, pages = {169 -- 186}, year = {2011}, language = {en} } @inproceedings{OPUS4-6578, title = {The Euro Financial Crisis : impacts on banking, capital markets, and regulation ; report of the international workshop in Potsdam on July 20/21, 2012}, editor = {Hummel, Detlev}, isbn = {978-3-86956-252-0}, url = {http://nbn-resolving.de/urn:nbn:de:kobv:517-opus-65228}, year = {2013}, abstract = {On July 20/21 in 2012, an international workshop was held on the subject of the global impact of the Euro-Financial-Crisis at the University of Potsdam. Prof. Dr. Detlev Hummel, faculty Finance and Banking, was the host of the event. Academic colleagues from Beijing, Moscow and Connecticut (USA) as well as domestic capital market and banking experts presented their analyses. Different aspects of national and international finance markets were examined, with a focus on the European region, China and Russia. Mistakes and failures of the banking regulations were identified as one, but note the sole cause of the economic problems. A lack of budget discipline of some politicians and the loss of business competitiveness of certain European nations were mentioned, too. Some members of the European Union did not succeed in mastering the challenges of the global economy. There have been structural issues in some states that impede their competitiveness in the global market, for example with China. The participants pointed out a number of other reasons for the crisis, like dubious distribution types as well as a lack of transparency of certain financial products. Furthermore, remuneration and incentive schemas of investment banks and especially the reckless risk management policy of large banks were identified as other factors for the crisis. The participants of the international workshop in Potsdam agree that the birth of the Euro-currency was a political event and will remain a challenge. The reform of the banking supervision and further steps towards an economic and fiscal union are new research tasks.}, language = {en} }