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Financial Stability - A Theoretical Approach

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  • Maria Vasilescu

    (“Constantin Brâncuşi” University of Tîrgu-Jiu)

Abstract

Central banks have become poles of stability and decisive factors of globalization. Financial stability represents a national issue, a public asset, that requires both an intervention of public judicious authorities and their cooperation with private sector. Given the integration of financial markets during the last decades in both developed and developing countries, as direct result of globalization, liberalization and deregulation processes, and the high degree of innovation they felt over time, a shift in market participants’ perceptions on the importance of stable financial systems in economic growth arose. The global context characterized by the interdependence of markets and institutions, emergence of new techniques and instruments, increasing international capital flows stressed the new meanings of the analysis of financial stability.

Suggested Citation

  • Maria Vasilescu, 2012. "Financial Stability - A Theoretical Approach," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 129-132, March.
    • Handle: RePEc:cbu:jrnlec:y:2012:v:1:p:129-132
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    References listed on IDEAS

    as
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