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Systemic Risk Evaluation

Author

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  • Alina-Georgiana Solomon
  • Ioana Anca Tonea

Abstract

Financial stability, along with the improvement of stress resistance of financial sector and efficient distribution of resources in the real economy, is important for the sustainable development of the economy. The central bank together with other state institutions supervises financial stability, but this cannot be just a national matter if we consider an open economy. Systemic risk affects the financial stability and this can be defined as a state of being in which systemic risk occurrence is prevented. Identification and proper assessment of systemic risk are the foundation for appropriate macro prudential instrument and progress were made after the financial crises. The paper follows theoretical aspects present in the literature and the enhancement of the practice used for the systemic risk analysis and the insurance of the financial stability in our country.

Suggested Citation

  • Alina-Georgiana Solomon & Ioana Anca Tonea, 2019. "Systemic Risk Evaluation," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 5(1), pages 164-169, March.
    • Handle: RePEc:khe:scajes:v:5:y:2019:i:1:p:164-169
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    References listed on IDEAS

    as
    1. De Bandt, Olivier & Hartmann, Philipp, 2000. "Systemic risk: A survey," Working Paper Series 35, European Central Bank.
    2. Marco Sorge, 2004. "Stress-testing financial systems: an overview of current methodologies," BIS Working Papers 165, Bank for International Settlements.
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    More about this item

    Keywords

    Risk evaluation; credit institution; analysis; financial stability;
    All these keywords.

    JEL classification:

    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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