Macroprudentialitatea si stabilitatea financiara
The paper aims to address macroprudential policy issues during the global financial crisis, especially in terms of objectives, instruments and challenges that the financial system faces. The methodological approach used in order to develop this paper starts with a literature review, which establishes the role and place of this research. The analysis made is an empirical one, namely a comparative analysis between the macroprudential and microprudential framework. The analysis shows the fact that the financial system is characterized by a high sensitivity to international pressures, so macroprudential policy through its instruments whishes a better investor protection, a diminishing level of systemic risk and financial stability. The macroprudential policy is known to be a flexible policy, with a higher level of transparency and lower cost of implementation. The study emphasizes the vital need of designing and implementing macroprudential policy in order to prevent macroeconomic and financial imbalances and to ensure financial stability.
When requesting a correction, please mention this item's handle: RePEc:cmj:interc:y:2013:i:29:tomuleasa. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Serghie Dan)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.