Transmisja koniunktury za pośrednictwem banków

• Autorzy: Marek Lubiński

Warianty tytułu

Transmission of Business Situation

• Języki publikacji: PL

Abstrakty

Obecny kryzys ujawnił ograniczenia tradycyjnych modeli, które abstrahowały od znaczenia banków i innych pośredników finansowych w przekazywaniu impulsów koniunkturalnych. Kryzys ten naświetlił kluczową rolę instytucji finansowych w rozprzestrzenianiu i pogłębieniu wahań koniunkturalnych nie tylko w poszczególnych krajach, co było dostrzegane już wcześniej, ale również w skali międzynarodowej. Dla transmisji impulsów koniunkturalnych za pośrednictwem banków kluczowe znaczenie mają ich bilanse. Dzieje się tak przynajmniej z trzech powodów. Po pierwsze, z bilansami banków związane jest działanie mnożnika kredytowego. Po drugie, bilans wpływa na wykorzystywanie przez banki dźwigni finansowej. Po trzecie, stan bilansu wpływa na funkcjonowanie rynku międzybankowego. Banki uczestniczą również w dwóch formach w klasycznym procesie zarażenia. Pierwszą z nich są zachowania stadne, druga natomiast jest związana z instytucją wspólnego kredytodawcy. Wszystkie te kwestie oraz znaczenie banków prowadzących operacje transgraniczne dla transmisji koniunktury zostały omówione w niniejszym tekście. (abstrakt oryginalny)

EN

The current crisis has disclosed constraints to traditional models that neglected the importance of banks and other financial intermediaries in transmission of business situation impulses the crisis has confirmed the key role of financial institutions in proliferating and deepening business situation fluctuations not only in individual countries, which was observed previously, but also in international scale. It is balance sheets of banks that are of major significance for the transmission of business situation impulses. There are at least three reasons for the above. Firstly, the balance sheets of banks are influenced by the credit multiplier. Secondly, the balance sheet has an impact on the use of financial leverage by banks. Thirdly, the state of the balance sheet influences the functioning of interbank market. Moreover, banks are also involved dually in a classic process of infection. One of the ways refers to flock-like behavior, and the other is connected with the institution of the common creditor. All these issues as well as the importance of banks operating across-the-borders for business situation transmission have been discussed in this paper. (original abstract)

Słowa kluczowe

PL

Bilans banku; Rynek międzybankowy; Dźwignia finansowa; Zachowania stadne

EN

Bank balance; Interbank market; Financial leverage; Herding behaviour

• Czasopismo: Prace i Materiały Instytutu Rozwoju Gospodarczego / Szkoła Główna Handlowa
• Rocznik: 2013
• Numer: nr 92 Polityka gospodarcza w poszukiwaniu nowego paradygmatu
• Strony: 23--47

Twórcy

autor

Marek Lubiński

• Szkoła Główna Handlowa w Warszawie

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