Enderlein, HenrikHenrikEnderleinvon Müller, CamilloCamillovon Müller2023-04-132023-04-132012-08-12https://www.alexandria.unisg.ch/handle/20.500.14171/91162The chapter wants to… - outline the "deutsche Problem" of fiscal federalism in international comparison - discuss impact of financial crisis on framework of German federalism - identify options of possible next steps in German fiscal federalism The chapter argues that… - the financial market crisis has triggered some institutional changes in German fiscal federalism - the main effects of those changes will become apparent towards the end of this decade only, when states must present structurally balanced budgets - market participants start to perceive changes in the German system, but still believe in a bailout-guarantee by the Federation - no coherent strategy for a systemic overhaul is in sightenFinancial CrisisFiscal FederalismGovernment BondsSpreadspresentation