Stadne myślenie o stabilności finansowej

• Autorzy: Jan K. Solarz

Warianty tytułu

Contagious Herding on Financial Stability

• Języki publikacji: PL

Abstrakty

Celem niniejszego opracowania jest prześledzenie zmian w języku opisu stabilności finansowej w tym burzliwym okresie oraz sposobach komunikowania się uczestników rynków finansowych na ten temat. Synchronizacja ex-ante języka opisu stabilności finansowej powoduje, że uczestnicy rynku reagują stadnie na pojawienie się informacji o jej zaburzeniu. (fragment tekstu)

EN

Communication on financial stability change from time to time. On the beginning it was easy to understand coping with inflation. This turned to direct inflation target. Now it is "management by expectation". While such "management by expectations" worked relatively well in normal times, the crisis inevitably made communication more complicated and more difficult to understand. Now we strengthening communication on risk management: on risk appetite risk culture, risk economy. In post-modern society this is contagious herding. Contagious herding occurs even when some agents are significantly better informed than others. (original abstract)

Słowa kluczowe

PL

Stabilność finansowa; Zachowania stadne; Ryzyko

EN

Financial sustainability; Herding behaviour; Risk

• Czasopismo: Przedsiębiorczość i Zarządzanie
• Rocznik: 2014
• Numer: t. 15, z. 9, cz. 3 Teoria stabilności finansowej. Test praktyki XXI wieku
• Strony: 13--27

Twórcy

autor

Jan K. Solarz

• Społeczna Akademia Nauk

Bibliografia

• Agenor P.R., Silva L.P (2013), Inflation Targeting and Financial Stability. A Perspective from the Developing World, Inter-American Development Bank.
• Beck U. (2002), Społeczeństwo ryzyka. W drodze do innej nowoczesności, Wydawnictwo Naukowe SCHOLAR, Warszawa.
• Bundgaard L.A., Joergensen P.N. (2013), Shadow banking in Europe and the systemic risk involved, Aarhus University.
• Erturk I., Froud J., Leaver A., Moran M., Williams K. (2011), Haldane's Gambit: Political arithmetic and/or a new metaphor, CRESC Working Paper 97.
• Fein M.L. (2013), The Shadow Banking Charade, The Deloitte, Washington.
• Gandelman N., Hernadez-Murillo R. (2014), Risk Aversion at the Country Level, Federal Reserve Bank of St.Louis Working Paper 5/2014.
• Georg C.P (2014), Contagious herding and endogenous network formation in financial networks, European Central Bank Working Paper 1700/ 2014
• Holmes D.R. (2014), Economy of Words. Communicative Imperatives in Central Banks, The University of Chicago Press, Chicago.
• Hussein N. (2014), Financial innovation: The legitimate cause of the US current financial crisis: A General review, Interdisciplinary Journal of Research in Business, Vol.3 num. 4/2014.
• Raczko A. (2014), Rynki dostrzegły stabilność, Rzeczpospolita, 15 lutego.
• Robleh D., Haldane A.G., Nahai-Williamson P. (2012), Towards a common financial language, Bank of England, London.
• Rosenhek Z. (2012), Diagnosing and Explaining the Global Financial Crisis: Central Banks, Epistemic Authority and Sense-Making, The Open University of Israel Working Paper.
• Siklos P.L. (2013), The Global Financial Crisis and the Language of Central Banking: Central Bank Guidance in Good Times and in Bad, CAMA Working Paper 58.
• Swamy V. (2013), Banking System Resilience and Financial Stability. An Evidence from Indian Banking, MPRA Paper no 49597.
• Sum N.L., Jessop B. (2013), Towards a Cultural Political Economy. Putting Culture in its Place in Political Economy, Edward Elgar, Northampton.
• Wolf S. (2013), Financial stability after the global financial crisis: A comparison of the ESRB and the FSOC, Uniwersity of Twente.
• Vayid I. (2013), Central Bank Communications Before, During and After the Crisis: From Open-Market Operations to Open-Mouth Policy, Bank of Canada Working Paper 41.
• Zalcewicz A. (2013), Bank lokalny. Studium prawne, Difin, Warszawa.