Avadanei, Anamaria (2010): Surse ale instabilitatii financiare in contextul crizei internationale. A Literature Review.
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Abstract
Abstract: Nowadays, the countries still face new challenges in sustaining their own financial systems, designing a credible regulatory framework, a better cooperation line and a solid cross-border crisis management. The aim of this paper is to underline the main sources of financial instability in the context of the international crisis. The study is structured on two sections: the first one presents the theories of the financial instability, developed by the economists; the second part summarizes the opinions of the bankers, researchers and practitioners regarding traditional and modern causes of the financial instability in the actual framework. To conclude, defining the threatening factors must consider the characteristics of the national economies, the level of exposure and the historical experience.
Item Type: | MPRA Paper |
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Original Title: | Surse ale instabilitatii financiare in contextul crizei internationale. A Literature Review |
English Title: | Sources of Financial Instability in the context of the Financial Crisis. A Literature Review |
Language: | Romanian |
Keywords: | financial instability; financial crisis; risks |
Subjects: | E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E44 - Financial Markets and the Macroeconomy G - Financial Economics > G3 - Corporate Finance and Governance > G32 - Financing Policy ; Financial Risk and Risk Management ; Capital and Ownership Structure ; Value of Firms ; Goodwill G - Financial Economics > G0 - General > G01 - Financial Crises |
Item ID: | 28449 |
Depositing User: | Anamaria Avadanei |
Date Deposited: | 31 Jan 2011 19:08 |
Last Modified: | 28 Sep 2019 07:09 |
References: | 1. Allen, W., Wood, G. (2006), „Defining and achieving financial stability”, Journal of Financial Stability, Volume 2, Issue 2, p. 152-172 2. Barrell, R., Davis, E. P. (2008), „The Evolution of the Financial Crisis of 2007—8”, National Institute Economic Review, Volume 206, No. 1, p.5-14 3. Brunnermeier, M., K. (2009), „Deciphering the Liquidity and Credit Crunch 2007–2008”, Journal of Economic Perspective, Volume 23, No. 1 4. Claessens, S. (2010), „The Financial Crisis: Policy Challenges for Emerging Markets and Developing Countries”, The Journal of Applied Economic Research, Volume 4, No. 2, p.177-196 5. Crockett, A. (1996), „The Theory and Practice of Financial Stability”, De Economist 144, No.4 6. Ferguson, R. (2003),” Should Financial Stability Be an Explicit Central Bank Objective?”,BIS Paper No. 18 7. Goodhart, C., Schoenmaker, D.(2009), “Fiscal Burden Sharing in Cross-Border Banking Crises”, International Journal of Central Banking 8. Karim, D., Philip, D.E. (2008), „Could Early Warning Systems Have Helped To Predict the Sub-Prime Crisis?”, National Institute Economic Review, Volume. 206, No. 1, p. 35-47 9. Mishkin, S. F. (1999), „Global Financial Instability: Framework, Events, Issues”, The Journal of Economic Perspectives, Volume 13, No. 4. 10. Obstfeld, M., Rogoff, K. (2009), “Global Imbalances and the Financial Crisis: Products of Common Causes,” UC Berkeley 11. Perotti, E., Suarez, J. (2009), „Liquidity Risk Charges as a Macro-Prudential Tool”, CEPR Policy Insight, No. 40 12. Portes, R. (2009), “Global Imbalances In: Macroeconomic Stability and Financial Regulation: Key Issues for the G20” Mathias Dewatripont, Xavier Freixas and Richard Portes (eds). CEPR 13. Schoenmaker, D. (2010), “The ECB, Financial Supervision,and Financial Stability Management/The European Central Bank at Ten”, Springer 14.***IMF (2010), „Economic Uncertainty, Sovereign Risk, and Financial Fragilities”, www.imf.org 15. ***IMF (2010), „Global Financial Stability Report, Meeting New Challenges to Stability and Building a Safer System”, www.imf.org |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/28449 |