IDEAS home Printed from https://ideas.repec.org/a/prf/journl/v3y2009i1p48-61.html
   My bibliography  Save this article

Financial Stability, World Financial Crisis and Financial Markets´ Regulation: Some New Issues

Author

Listed:
  • Vladislav Pavlat

    (Institute of Finance and Administration)

Abstract

This article confronts selected theoretical concepts of financial crisis, financial stability and financial regulation with the real situation at the world economic scene. The author´s views are mainly based on the results of a research group at the Institute of Administration and Finance in Prague (IAF), headed by Antonin Kubicek. This group has been analysing selected partial problems connected with the phenomena of financial markets´ regulation since 2002 in the framework of two grants (2004-2006 – public grant and 2008 – internal grant). Several research results were presented by research team members [Antonin Kubicek, Vladislav Pavlat, Jaroslav Šulc, Václav Køivohlávek, František Jakub – former Chairman of the Czech Security Commision and others] members at the occasion of two International Conferences organized by the Institute of Administration in 2005 and 2007. The author proposes, inter alia, to broaden the recognized principles of international regulation which should be systematic, dynamical, flexible, adaptable, innovative, reliable, not expensive and efficient. As for an advisable way-out of the global crisis, a well prepared experimental individual approach has to be applied – an indispensable part of which is a sound financial regulation and supervision.

Suggested Citation

  • Vladislav Pavlat, 2009. "Financial Stability, World Financial Crisis and Financial Markets´ Regulation: Some New Issues," ACTA VSFS, University of Finance and Administration, vol. 3(1), pages 48-61.
    • Handle: RePEc:prf:journl:v:3:y:2009:i:1:p:48-61
    as

    Download full text from publisher

    File URL: https://www.vsfs.cz/periodika/acta-2009-1-03.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Zuhayr Mikdashi, 2003. "Regulating the Financial Sector in the Era of Globalization," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-4039-9011-2, December.
    2. Barth,James R. & Caprio,Gerard & Levine,Ross, 2008. "Rethinking Bank Regulation," Cambridge Books, Cambridge University Press, number 9780521709309, January.
    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. repec:prf:journl:v:4:y:2010:i:1:p:48-61 is not listed on IDEAS
    2. Mojmir Helisek, 2009. "The Czech Republic’s Progress on its Road to the Euro Area," ACTA VSFS, University of Finance and Administration, vol. 3(1), pages 6-28.
    3. repec:prf:journl:v:4:y:2010:i:1:p:6-28 is not listed on IDEAS
    4. Radim Valencik & Petr Budinsky, 2009. "Redistribution Systems, Cross-Coalitions among them and Complexes of Memes Securing their Robustness," ACTA VSFS, University of Finance and Administration, vol. 3(1), pages 29-47.
    5. repec:prf:journl:v:4:y:2010:i:1:p:29-47 is not listed on IDEAS
    6. repec:prf:journl:v:4:y:2010:i:1:p:62-69 is not listed on IDEAS
    7. Ladislav Prusa, 2009. "Do Subsides from the State Budget Enable the Desirable Development of Social Services?," ACTA VSFS, University of Finance and Administration, vol. 3(1), pages 70-76.
    8. repec:prf:journl:v:4:y:2010:i:1:p:70-76 is not listed on IDEAS
    9. Pavel Schranil & Dana Kubickova, 2009. "Accountance of the Public Sector – Some problems in accounting procedures for territorial self-governing units, subsidized organizations, state funds and organizational units of the state," ACTA VSFS, University of Finance and Administration, vol. 3(1), pages 62-69.
    10. Edward J. Kane, 2012. "Ethical Failures in Regulating and Supervising the Pursuit of Safety Net Subsidies," Chapters, in: Kern Alexander & Rahul Dhumale (ed.), Research Handbook on International Financial Regulation, chapter 3, Edward Elgar Publishing.
    11. Joseph Francois & Bernard Hoekman, 2010. "Services Trade and Policy," Journal of Economic Literature, American Economic Association, vol. 48(3), pages 642-692, September.
    12. Apanard P. Prabha & Clas Wihlborg & Thomas D. Willett, 2012. "Market Discipline for Financial Institutions and Markets for Information," Chapters, in: James R. Barth & Chen Lin & Clas Wihlborg (ed.), Research Handbook on International Banking and Governance, chapter 13, Edward Elgar Publishing.
    13. Massimiliano Affinito, 2011. "Convergence clubs, the euro-area rank and the relationship between banking and real convergence," Temi di discussione (Economic working papers) 809, Bank of Italy, Economic Research and International Relations Area.
    14. Stijn Claessens & M. Ayhan Kose, 2013. "Financial Crises: Explanations, Types and Implications," CAMA Working Papers 2013-06, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    15. Linda S Goldberg, 2009. "Understanding Banking Sector Globalization," IMF Staff Papers, Palgrave Macmillan, vol. 56(1), pages 171-197, April.
    16. Michael Pomerleano, 2011. "Developing Regional Financial Markets – the Case of East Asia," Chapters, in: Ulrich Volz (ed.), Regional Integration, Economic Development and Global Governance, chapter 9, Edward Elgar Publishing.
    17. Beck, Thorsten & Demirguc-Kunt, Asli & Levine, Ross, 2006. "Bank supervision and corruption in lending," Journal of Monetary Economics, Elsevier, vol. 53(8), pages 2131-2163, November.
    18. Cihak, Martin & Demirguc-Kunt, Asli & Peria, Maria Soledad Martinez & Mohseni-Cheraghlou, Amin, 2012. "Bank regulation and supervision around the world : a crisis update," Policy Research Working Paper Series 6286, The World Bank.
    19. Gerard Caprio & Patrick Honohan, 2008. "Banking Crises," Center for Development Economics 2008-09, Department of Economics, Williams College.
    20. Delis, Manthos D & Gaganis, Chrysovalantis & Pasiouras, Fotios, 2009. "Bank liquidity and the board of directors," MPRA Paper 18872, University Library of Munich, Germany.
    21. Gropp, Reint E. & Köhler, Matthias, 2010. "Bank owners or bank managers: who is keen on risk? Evidence from the financial crisis," ZEW Discussion Papers 10-013, ZEW - Leibniz Centre for European Economic Research.
    22. Laeven, Luc & Levine, Ross, 2009. "Bank governance, regulation and risk taking," Journal of Financial Economics, Elsevier, vol. 93(2), pages 259-275, August.
    23. Alexander, Gordon J. & Baptista, Alexandre M. & Yan, Shu, 2014. "Bank regulation and international financial stability: A case against the 2006 Basel framework for controlling tail risk in trading books," Journal of International Money and Finance, Elsevier, vol. 43(C), pages 107-130.
    24. Ongena, Steven & Popov, Alexander & Udell, Gregory F., 2013. "“When the cat's away the mice will play”: Does regulation at home affect bank risk-taking abroad?," Journal of Financial Economics, Elsevier, vol. 108(3), pages 727-750.
    25. Ross Levine, 2010. "An autopsy of the US financial system: accident, suicide, or negligent homicide," Journal of Financial Economic Policy, Emerald Group Publishing Limited, vol. 2(3), pages 196-213, August.

    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:prf:journl:v:3:y:2009:i:1:p:48-61. 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: Magdalena Šebková (email available below). General contact details of provider: https://edirc.repec.org/data/vsfspcz.html .

    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.