A safe and stable banking and financial system as the basis for the development of the economy and society

Main Article Content

Stanisław Flejterski
Magdalena Zioło


Keywords : safety, stability, banking and financial system, European Banking Union
Abstract
The paper focuses on the problem of the banking and financial system’s safety and stability in the European Union after the financial crisis of 2008. The concept is divided into three parts: the theoretical background, methods, and findings. The theoretical section presents a literature review, the main thesis, and the goals of the study. Conventional wisdom is discussed and the major assumptions, tools, and legal regulations are presented.

Article Details

How to Cite
Flejterski, S., & Zioło, M. (2015). A safe and stable banking and financial system as the basis for the development of the economy and society. Zeszyty Naukowe SGGW - Ekonomika I Organizacja Gospodarki Żywnościowej, (110), 43–51. https://doi.org/10.22630/EIOGZ.2015.110.19
References

ANGELINI P., NERI S., PALETTA F., 2012: Monetary and Macroprudential Policies, WP European Central Bank.

BERGES A., GUILLEN M.F., MORENO J P., QUTIVEROS E., 2014a: New Era in Banking. The Landscape After the Battle, Bibliomotion, Brookline.

CALOMIRIS, CHARLES W., 2009: The subprime Turmoil: What's Old, What's New, and What's Next, Journal of Structured Finance, vol. 15, No 1, pp. 6-52.

CLAESSENS S., KODRES L., 2014: The Regulatory Responses to the Global Financial Crisis: Some Uncomfortable Questions, IMF, WP/14/46.

CLAESSENS S., AYHAN KOSE M., 2014: Financial Crises: Explanations, Types, and Implications, [in:] S. Claessens, M. Ayhan Kase, Luc L., Fabian V. (eds.), Financial Crises: Causes, Consequences, and Policy Responses, MF, Washington, D.C. (also IMF Working Paper 13/28).

CZARNECKI L., 2011: Risk in Banking. A Post-Crisis Perspective, EMKA, Warsaw.

EICHENGREEN B., 2002: Financial Crises and what to do about them, Oxford, UK: Oxford University Press.

EICHENGREEN B., 2010: From Great Depression to Great Credit Crisis: Similarities, Differences and Lessons, Economic Policy 62.

EU Bank Recovery and Resolution Directive (BRRD) http://europa.eu/rapid/press-release_ MEMO-14-297_en.htm (acces: 30.11.2014).

Financial Stability Review, November 2014, European Central Bank, Frankfurt am Main.

GOYAL R., BROOKS P.K., PRADHAN M., TRESSEL T., DELL'ARICCIA G., LECKOW R., PAZARBASIOGLU C., and an IMF Staff Team, 2013a: Banking Union for the Euro Area, IMF, SDN/13/01.

GUAL J., 2013: Banking Union: made of concrete or straw?, "la Caixa" Economic Papers No. 09.

JUREK M., 2014: The Structure of Ownership in the Financial Sector across the European Union, Wydawnictwo UE, Poznań.

OSIŃSKI J., SEAL K., HOOGDU, 2013: Macroprudential and Microprudential Policies: Toward Cohabitation, IMF, SDN 13/05.

REINHART C., ROGOFF K., 2009: This Time is Different: Eight Centuries of Financial Folly, Princeton University Press.

SCHINASI G.J., 2004: Defining Financial Stability, IMF Working Paper.

The Economic Crisis and Governance in the European Union: A Critical Assessment 2013, Editor J. Bilbao-Ubillos, Taylor & Francis, USA.

The High-Level of Financial Supervision in the EU, 2009, Chaired by J. DE LAROSIČRE, Brussels

The Seven Deadly Sins of Banks, http://www.pechesbancaires.eu (access: 30.11.2014).

TYLER G.R. 2013: What went wrong, Benbella Books, Dallas.

Statistics

Downloads

Download data is not yet available.
Recommend Articles