How to Reduce the Risk of Serious Financial Crises?

• Autorzy: Leszek Balcerowicz
• Języki publikacji: EN

Abstrakty

EN

The subject of this paper is how to reduce – in a cost-efficient way – the incidence of serious financial crises , i.e. crises which inflict serious harm to the economy. This subject tackles two basic issues: 1. How to constrain the growth of booms which – having burst – inflict serious losses upon the financial sector. 2. How to limit the “transposition” of these losses into the negative shocks to the real economy. (fragment of text)

Słowa kluczowe

EN

Financial crisis; Risk reduction; Financial institutions

PL

Kryzys finansowy; Redukcja ryzyka; Instytucje finansowe

• Czasopismo: Bezpieczny Bank
• Rocznik: 2010
• Numer: nr 2 (41)
• Strony: 47--54

Twórcy

autor

Leszek Balcerowicz

• Civil Development Forum; Warsaw School of Economics

Bibliografia

• Barth, James, Gerard Caprio, JR, and Ross Levine (2006), Rethinking the Bank Regulation: Till Angels Rule, Cambridge University Press.
• Calomiris, Charles (2009a), Financial Innovation, Regulation and Reform, Cato Journal, No. 1, 65–91.
• Calomiris, Charles (2009b), Banking Crises and the Rules of the Game, NBER, October.
• Kaufman, George G., (1996), Bank Failures, Systemic Risk, and Bank Regulation, Cato Journal, No. 1, p. 17–45.
• Kindleberger, Chalres (1978), Manias, Panics, and Crashes: A History of Financial Crises, New York, Basic Books.
• De Larosiere Report, 2009, The European Commission.
• Schweikart, Larry, (1988), Jacksonian Ideology, Currency Control, and Central Banking, The Historian, Nov., p. 78–102.