IDEAS home Printed from https://ideas.repec.org/a/pet/annals/v18y2018i2p21-28.html
   My bibliography  Save this article

Systemic Risk and Macroprudential Policy in the Banking Sector

Author

Listed:
  • Imola Drigă

    (University of Petroşani, Romania)

Abstract

The purpose of this paper is to provide a perspective on the crucial importance of financial stability and the significant role of prudential regulations and banking supervision to ensure the solvency and viability of the banking system. The recent global financial crisis revealed certain week points in regulation concerning supervision and oversight of the financial system as a whole and showed that microprudential supervision could not prevent the increase of excessive risks in the financial system and did not have the means to stop the emergence of systemic risk and to mitigate its effects. It therefore became clear that a macroprudential dimension complementing micro-level supervision was necessary and financial regulators began to focus on preventing damage from systemic risk.

Suggested Citation

  • Imola Drigă, 2018. "Systemic Risk and Macroprudential Policy in the Banking Sector," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 18(2), pages 21-28.
    • Handle: RePEc:pet:annals:v:18:y:2018:i:2:p:21-28
    as

    Download full text from publisher

    File URL: https://www.upet.ro/annals/economics/pdf/2018/p2/Driga.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Imola Drigă, 2017. "Financial Intermediation after the Financial Crisis," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 17(2), pages 43-50.
    2. Daniel Gros & Sam Langfield & Marco Pagano & Dirk Schoenmaker, 2014. "Allocating macro-prudential powers," Report of the Advisory Scientific Committee 5, European Systemic Risk Board.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Mirela Monea, 2018. "Comparative Analysis of Performances in Banking Sector," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 18(2), pages 61-68.

    More about this item

    Keywords

    systemic risk; financial stability; banking crises; contagion; macroprudential policy; prudential capital requirements;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pet:annals:v:18:y:2018:i:2:p:21-28. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Imola Driga (email available below). General contact details of provider: http://www.upet.ro/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.