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Bank Systemic Risk and Macroprudential Policy

Author

Listed:
  • Liviu Serbanescu

    (School of Advanced Studies of the Romanian Academy, Romania)

Abstract

Since the beginning of the 2008 financial crisis, the term “macroprudential†has appeared more and more often in specialized works and in researchers' discussions. After the 2008 crisis a new global financial stability framework is needed to reduce the probability and severity of a future financial crisis. This paper aims to the evaluate the importance of systemic risk analysis and identification for the calibration of macroprudential policies by exploring the extensive literature on systemic risk and macroprudential policies.

Suggested Citation

  • Liviu Serbanescu, 2022. "Bank Systemic Risk and Macroprudential Policy," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 431-436, September.
    • Handle: RePEc:ovi:oviste:v:xxii:y:2022:i:1:p:431-436
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    File URL: https://stec.univ-ovidius.ro/html/anale/RO/2022-2/Section%203/34.pdf
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    References listed on IDEAS

    as
    1. Franklin Allen & Elena Carletti, 2013. "What Is Systemic Risk?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 45, pages 121-127, August.
    2. De Bandt, Olivier & Hartmann, Philipp, 2000. "Systemic risk: A survey," Working Paper Series 35, European Central Bank.
    3. Sylvain Benoit & Jean-Edouard Colliard & Christophe Hurlin & Christophe Pérignon, 2017. "Where the Risks Lie: A Survey on Systemic Risk," Review of Finance, European Finance Association, vol. 21(1), pages 109-152.
    4. Franklin Allen & Elena Carletti, 2013. "What Is Systemic Risk?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 45(s1), pages 121-127, August.
    5. Candelon, Bertrand & Carare, Alina & Hasse, Jean-Baptiste & Lu, Jing, 2020. "The post-crises output growth effects in a globalized economy," International Economics, Elsevier, vol. 161(C), pages 139-158.
    6. Sylvain Benoit & Jean-Edouard Colliard & Christophe Hurlin & Christophe Pérignon, 2017. "Where the Risks Lie: A Survey on Systemic Risk," Review of Finance, European Finance Association, vol. 21(1), pages 109-152.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    macroprudential; systemic risk; financial crisis; financial system; contagion;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • 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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