Regulacje makroostrożnościowe a stabilność sektora bankowego

• Autorzy: Dariusz K. Rosati

Warianty tytułu

Macroprudential Regulations and Stability of the Banking Sector

• Języki publikacji: PL

Abstrakty

Kryzys finansowy lat 2008-2010 ujawnił znaczenie ryzyka systemowego w sektorze bankowym oraz rolę regulacji i polityki makroostrożnościowej w ograniczaniu tego ryzyka. Celem artykułu jest pokazanie mechanizmu narastania ryzyka systemowego w poszczególnych bankach i w całym sektorze bankowym oraz tego, w jaki sposób określone regulacje i instrumenty polityki makroostrożnościowej mogą zapobiegać temu narastaniu. Punktem wyjścia jest przypomnienie specyficznych cech banków, takich jak procykliczność działania, zbiorowość zachowań i istnienie negatywnych efektów pozarynkowych. Na tym tle autor pokazuje niedostatki nadzoru mikroostrożnościowego i uzasadnia uzupełnienie go przez nadzór makroostrożnościowy. W tym celu proponuje przejrzystą klasyfikację ryzyka systemowego, sposób jego pomiaru oraz omawia cele, zakres oraz instrumenty polityki makroostrożnościowej. W szczególności w artykule wskazuje się, jakie instrumenty można wykorzystać do ograniczania określonych kategorii ryzyka systemowego. Na tej podstawie autor proponuje zestaw zasad i rozwiązań instytucjonalnych związanych z polityką makroostrożnościową. (abstrakt oryginalny)

EN

The financial crisis of 2008-2010 has demonstrated the importance of systemic risk in the banking sector and the need for macroprudential policy and regulations to contain that risk. The purpose of the article is to explain the mechanism of systemic risk accumulation in individual banks and to demonstrate how macroprudential regulations can address and reduce those excessive risks. Starting with discussion of specific characteristics of banks, such as procyclicality, collective behavior and negative externalities, the author shows the shortcomings of traditional microprudential regulations and provides a rationale for macroprudential policies. Various systemic risk categories are identified and different measures of systemic risks are discussed. A classification of macroprudential policy instruments is proposed that is symmetric to that of systemic risks. Against this background the author shows what are the necessary institutional conditions for establishing an optimal, country-wide, macroprudential policy framework. (original abstract)

Słowa kluczowe

PL

Kryzys finansowy; Ryzyko systemowe; Sektor bankowy; Redukcja ryzyka; Polityka makroostrożnościowa

EN

Financial crisis; Systemic risk; Banking sector; Risk reduction; Macroprudential policy

• Czasopismo: Bank i Kredyt
• Rocznik: 2014
• Numer: nr 4
• Strony: 373--406

Twórcy

autor

Dariusz K. Rosati

• Szkoła Główna Handlowa w Warszawie

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