Indførelsen af bankpakkerne i Danmark med henblik på opnåelse af finansiel stabilitet

Kevin Legind German & Morten Juul Bjørk

Student thesis: Master thesis

Abstract

This thesis initially examines the measures taken by the Danish authorities in order to counter the consequences of the financial crisis. The analysis outlines the implications of the two Danish financial support packages, compared to general Danish law through the lex specialis principle. In addition a description of the measures taken by the authorities in the United Kingdom and Germany is given. The main objective is to examine, whether the Danish measures in order to achieve financial stability could have been prepared in a different way. The economic analysis contains an evaluation of the impacts, that the different approaches has had on the interest spread and margin, levels of bank lending and deposits respectively. The economic analysis, along with the comparative analysis, gives some evidence, that the measures taken by the Danish authorities in a retrospective perspective could have been prepared in an alternative way. The conclusion of the thesis is, that the first Danish financial support package is viewed as suitable in regards to both content and timing. The content of the second Danish financial support package is viewed as rational concerning the content. On the other hand it seems, that the initiative should have been introduced at an earlier date, preferably along with the introduction of the first Danish financial support package. Both the United Kingdom and Germany have introduced an initiative in order to counter the frozen asset markets, which has rendered otherwise healthy assets illiquid. It is concluded, that given the same circumstances apply for similar Danish asset markets, a similar program could have had a positive impact on the financial stability in Denmark.

EducationsMSc in Auditing, (Graduate Programme) Final Thesis
LanguageDanish
Publication date2009
Number of pages164