"Die Ursachen der Finanzkrise und die Entwicklung der Weltwirtschaft"

Münchner Seminare / Munich Seminars

The Munich Seminars are a joint initiative of CESifo and the Süddeutsche Zeitung, and are chaired by Hans-Werner Sinn and by Marc Beise (Chief Editor, Economics, Süddeutsche Zeitung). Reviews of the presentations are regularly published in the Süddeutsche Zeitung. Since April 2007 the Munich Seminars enjoy the sponsorship of the "BMW Niederlassung München".

Prof. Dr. Dr. h.c. Hans-Werner Sinn

15 December 2008, Munich

Ifo President Hans-Werner Sinn explains the financial crisis

Last Monday, an overflow audience in the Grosse Aula of the University of Munich attended a Munich Seminar, a joint initiative of CESifo and the Süddeutsche Zeitung. A presentation by Ifo President Hans-Werner Sinn attracted nearly 1,000 interested listeners. Many stood crowded together; others sat on the stairs or in the aisles. Those who found no room inside listened attentively in the lobby of the Aula. Some students rolled out a banner on the balustrade protesting tuition fees but they too listened carefully. Professor Sinn commented that he appreciated the crowded atmosphere as it reminded him of his own student days in the late 1960s.

Press release

Ifo President Hans-Werner Sinn explains the financial crisis
(17 December 2008)

Article in the Süddeutsche Zeitung

Gefährliches Glücksrittertum.
Ifo-Chef Hans-Werner Sinn glaubt, dass die Finanzkrise dadurch begünstigt wurde, dass Bank-Aktionäre zu wenig Risiko tragen mussten.
by Grit Beecken, Süddeutsche Zeitung, 17.12.2008, No. 293, p.18.