Financial Crisis and Institutional Change

• Autorzy: Andreas Horsch

Warianty tytułu

Kryzys finansowy a zmiany instytucjonalne

• Języki publikacji: EN

Abstrakty

EN

Market processes, and hence market economies in general, are driven by human action. This also applies to processes that eventually lead to changes in the institutional framework, i.e. rules, and organizations. Incentives which drive human actors to behave in an entrepreneurial way and thus amend market processes, structures, or rules, are not fixed, but variable. In particular, they can be intensified by incidents such as economic crises, because times of crisis or their aftermath offer new opportunities for arbitrage. This article represents an introduction to this mechanism, thus reinforcing the basis of the economic analysis of the financial crisis and its impacts on banks and firms in Eastern Europe and beyond. (original abstract)

Procesami rynkowymi, jak również gospodarkami rynkowymi, kieruje działalność człowieka. To dotyczy również procesów, które w końcu doprowadziły do zmian w ramach instytucjonalnych, tzn. zasad i organizacji. Bodźce, które powodują, że gracze zachowują się tak jak przedsiębiorcy, poprawiając przez to procesy rynkowe, struktury czy zasady, nie są stałe lecz zmienne. W szczególności mogą one być zintensyfikowane przez takie wydarzenia jak kryzysy gospodarcze, ponieważ czasy kryzysu lub ich następstwa oferują nowe szanse dla handlu. Niniejszy artykuł przedstawia wstęp do tego mechanizmu, wzmacniając w ten sposób podstawy ekonomicznej analizy kryzysu finansowego i jego wpływ na banki i firmy w europie wschodniej i poza nią. (abstrakt oryginalny)

Słowa kluczowe

EN

Financial crisis; Institutional changes; Banking; Banks; Behavioral economics

PL

Kryzys finansowy; Zmiany instytucjonalne; Bankowość; Banki; Ekonomia behawioralna

• Czasopismo: Zeszyty Naukowe / Uniwersytet Ekonomiczny w Poznaniu
• Rocznik: 2012
• Numer: nr 228
• Strony: 9--44

Twórcy

autor

Andreas Horsch

• Technical University Bergakademie Freiberg, Germany

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