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Rendszerszintű kockázat rendszerszintű erkölcs nélkül. Kiegészítések a pénzügyi válságok etikai magyarázatához
[Systemic risk without systemic ethics. Supplements to the ethical explanation of financial crises]

Author

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  • Dancsik, Bálint

Abstract

A tanulmányban a pénzügyi válságok megjelenésének rendszerszintű etikai szempontjaival foglalkozunk. A témában megjelenő laikus narratívák a válságok kitörését sok esetben a pénzügyi intézmények mohóságára vezetik vissza, és a tudományos igényű elemzések jelentős része is csak mikroszinten - egy-egy intézményre és közvetlen érintettjeire (stakeholdereire) vonatkozóan - vizsgálódik. A pénzügyi válságokat rendszerint megelőző instabilitás kialakulása során azonban az egyes intézmények és a rendszer egészének relációjában fennálló etikai dilemmákat is értékelni kell. Az egyes bankok és a szektor érdekei között olyan súrlódások azonosíthatók, amelyek nehezítik az intézmények számára, hogy a rendszer stabilitása kapcsán felmerülő erkölcsi szempontokat ex ante mérlegeljék. Egyrészt a pénzügyi instabilitás kialakulása jellemzően olyan valószínűségi probléma, amelynek feloldása a főbb etikai iskolák számára kihívást jelent. Másrészt egy-egy pénzügyi intézmény döntéseinek sok esetben elenyésző a hatása a pénzügyi rendszer egészének stabilitására. Az egyes banki döntések és a pénzügyi instabilitás között így tehát nincs könnyen azonosítható, egyértelmű és a banki döntéshozók számára is látható ok-okozati kapcsolat, amely az etikai szempontok figyelembevételét megkönnyítené.* Journal of Economic Literature (JEL) kód: E71, G01, G21, G41.

Suggested Citation

  • Dancsik, Bálint, 2020. "Rendszerszintű kockázat rendszerszintű erkölcs nélkül. Kiegészítések a pénzügyi válságok etikai magyarázatához [Systemic risk without systemic ethics. Supplements to the ethical explanation of fina," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(3), pages 225-243.
    • Handle: RePEc:ksa:szemle:1893
    DOI: 10.18414/KSZ.2020.3.225
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    More about this item

    JEL classification:

    • E71 - Macroeconomics and Monetary Economics - - Macro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on the Macro Economy
    • G01 - Financial Economics - - General - - - Financial Crises
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G41 - Financial Economics - - Behavioral Finance - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making in Financial Markets

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