Finanzkrise und Verfassung

During the 2007-09 financial crisis, the German legislature provided the executive with wide-ranging powers in order to stabilise markets. However, in contrast to those issued by the US Congress, the German laws did not include effective mechanisms for controlling the exercise of these powers or for creating transparency. In this comparative study, Stefanie Egidy identifies the decision criteria, the conflicting goals, and the limits of the respective approaches taken. She concludes that Germany's measures should not serve as a role model in future crises.