Pomiar stabilności finansowej i rola banku centralnego
Year: 2014
Type: article
Abstract: The aim of the article is to compare different approaches towards measuring financial stability by central banks. In addition to that, the results of a comprehensive survey conducted among national central banks in the EU concerning their involvement in safeguarding financial stability are analyzed. The assessment reveals that national central banks in euro area countries are not on average more involved in maintaining financial stability than those in non-euro countries. There is also no strong differentiation in general in the degree of involvement of EU national central banks in financial stability. However, the involvement is the weakest when it comes to measuring financial stability. Quantifying this phenomenon still remains a significant challenge for central banks conducting macroprudential policy.
Source: Safe Bank
Author: Paweł Smaga
Institution: SGH Warsaw School of Economics
Language: Polish
Subfield: Finance
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W1269037963