En analyse af bankkrisen og bankpakkerne

Bobby Lal

Student thesis: Master thesis

Abstract

Denmark was experiencing an economy which was indeed sensible and had great future forecasts. In the course of time, the Danish economy completely changed its development. The American housing market is certainly not without any faults. The banks in America had approved various loans to people belonging in the “Subprime” category. The “Subprime” category made up a great part of the population and it became financially chaotic, when a rise in interest rate occurred. Securitization is a main factor in this circumstance as the “Subprime” based loans were packed in a complex way, which hereafter were traded at the financial markets. The interbank market was in a state of misbelief – the concerned banks had lost its trust on the financial system, which led to an increasing possibility of a credit crunch. Hence, the Danish government was forced to react and the introduction of a bank package called “Bankpakke 1” was hereby realized. It was a statement from the government to regain the trust in banks by offering guarantees on deposits. In the extension of “Bankpakke 1”, a new bank package (“Bankpakke 3”) was introduced. This thesis examines a detailed analysis of the concerned bank packages, where asymmetric information contributes comprehensively. The study investigates the role of asymmetric information in the Danish banking sector, while the liquidation of Amagerbanken is studied and questioned. The theoretical parts are considered vital as the conclusions of this thesis are supported by theoretical evidence. The introduction of “Bankpakke 1” was a necessary approach which had a certain success. The depositors were covered with the government guarantees on deposits while the interbank market was improved in terms of renewal of trust. There is a significant relationship between Amagerbanken and their loan policies, which in the last years caused huge depreciations. The huge amount of depreciations was the primarily reason why Amagerbanken had to be liquidated in accordance to the liquidation system of “Bankpakke 3”. It was an unnecessary liquidation, which could possibly have been avoided if more supervisory control were imposed on the bank in the earlier stages. It is essential to mention the supervision diamond invented by Finanstilsynet, as it contained suggested limitations of areas like loan growth and property exposure, which should have been applied on Amagerbanken more effectively.

EducationsMSc in Business Administration and Management Science, (Graduate Programme) Final Thesis
LanguageDanish
Publication date2012
Number of pages74