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Financial Stability Of Economic Agencies In Conditions Of Economic Crisis

Author

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  • Catalin DUMITRESCU

    (Athenaeum University, Bucharest, Romania)

Abstract

The purpose and objectives of the research reside in the theoretical-practical and methodological analysis of financial stability at micro and macroeconomic level under the conditions of cyclical economic fluctuations, elucidation of the factors contributing to financial stability and formulation of relevant proposals regarding the improvement and efficiency of policies and strategies for strengthening the financial stability of the agents. economic and national economies. The main purpose is to develop the theoretical and methodological foundations for evaluating (measuring) the financial stability at the macroeconomic level and the aggregate economic agents and analyzing the risks that result from the transmission of financial instability through the inter-systemic interconnections from the perspective of the financial flow model, its correlation with the cyclical fluctuations of national economies, researching the recovery practices of national economies and, as a result, formulating recommendations on inducing and strengthening financial stability.

Suggested Citation

  • Catalin DUMITRESCU, 2020. "Financial Stability Of Economic Agencies In Conditions Of Economic Crisis," Internal Auditing and Risk Management, Athenaeum University of Bucharest, vol. 57(1), pages 22-33, March.
    • Handle: RePEc:ath:journl:v:57:y:2020:i:1:p:22-33
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    References listed on IDEAS

    as
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    3. Scott Brave & R. Andrew Butters, 2011. "Monitoring financial stability: a financial conditions index approach," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 35(Q I), pages 22-43.
    4. Arthur F. Burns & Wesley C. Mitchell, 1946. "Measuring Business Cycles," NBER Books, National Bureau of Economic Research, Inc, number burn46-1, March.
    5. Nicolas Albacete & Peter Lindner, 2013. "Household Vulnerability in Austria – A Microeconomic Analysis Based on the Household Finance and Consumption Survey," Financial Stability Report, Oesterreichische Nationalbank (Austrian Central Bank), issue 25, pages 57-73.
    6. Albulescu, Claudiu Tiberiu, 2010. "Forecasting The Romanian Financial System Stability Using A Stochastic Simulation Model," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(1), pages 81-98, March.
    7. Jaume Puig & Mr. Ken Miyajima & Rebecca McCaughrin & Mr. Peter Dattels, 2010. "Can You Map Global Financial Stability?," IMF Working Papers 2010/145, International Monetary Fund.
    8. Ben S. Bernanke & Jean Boivin & Piotr Eliasz, 2005. "Measuring the Effects of Monetary Policy: A Factor-Augmented Vector Autoregressive (FAVAR) Approach," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 120(1), pages 387-422.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    financial stability; financial instability; economic crisis; financial crisis; interconnections; indicators financial stability; econometric models of financial stability; consolidating factors of financial stability;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • C26 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Instrumental Variables (IV) Estimation
    • C38 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Classification Methdos; Cluster Analysis; Principal Components; Factor Analysis
    • C55 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Large Data Sets: Modeling and Analysis
    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
    • C87 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Econometric Software

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