Stabilność finansowa jako cel współczesnego banku centralnego

• Autorzy: Hanna Żywiecka
• Języki publikacji: PL

Abstrakty

Artykuł został podzielony na trzy części. Pierwsza poświęcona jest charakterystyce pojęcia stabilności finansowej, przy uwzględnieniu różnorodności definicji prezentowanych w fachowej literaturze. Omówiono w niej także znaczenie stabilności finansowej dla prawidłowego funkcjonowania systemu finansowego, a w następstwie również dla gospodarki realnej. Część druga ukazuje rolę banku centralnego w utrzymywaniu stabilności systemu finansowego, która jest realizowana niejako naturalnie, niezależnie od kształtu nadzoru finansowego w danym kraju czy też formalizacji celu w akcie prawnym, regulującym działalność banku centralnego. Część trzecia prezentuje przegląd ustawodawstwa wybranych instytucji monetarnych pod kątem przypisania bankowi centralnemu zadania polegającego na ochronie i wzmacnianiu bezpieczeństwa systemu finansowego. (fragment tekstu)

EN

The financial stability, regarded as the ability of the financial system to enable the efficient allocation of savings, is a public issue of great significance, therefore the responsibility for its maintenance is divided among many institutions acting on the basis of financial safety. The necessity of public intervention is dependent on the financial system specificity and its vulnerability to systemic risk and market failures. Central banks have the longest tradition of activity in the area of protecting the stability of the financial system. In modern market economy the prime goal of monetary policy conducted by central banks is to maintain the price stability in the long term. The involvement of monetary authority in the maintenance of the financial stability results from its responsibility for the accomplishment of the primary goal. There is no consensus among economists concerning the relations between the financial and monetary stability. The interest of central banks in maintenance of the financial stability is also connected with their supervisory function over the safety and efficiency of the payment system. Central banks more and more frequently participate in the management of crisis situations, fulfilling their role as the lender of the last resort. In countries where the supervisory functions over the banking sector are entrusted to integrated financial supervision, central banks do not resign from the analysis of threats to the economy with a particular consideration of examining its resilience to potential shocks. The review of the central banking regulation indicates that the financial crisis initiated in 2007 persuaded many countries to amend its law by expanding the central bank responsibility in the area of financial system safety. (original abstract)

Słowa kluczowe

PL

Banki centralne; Stabilność finansowa; System finansowy; Regulacje prawne; Strefa euro; Regulacje bankowe

EN

Central banks; Financial sustainability; Financial system; Legal regulations; Eurozone; Bank regulations

• Czasopismo: Bezpieczny Bank
• Rocznik: 2012
• Numer: nr 3 (48)
• Strony: 51--73

Twórcy

autor

Hanna Żywiecka

• Narodowy Bank Polski; Uniwersytet Ekonomiczny w Poznaniu, doktorantka

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