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The economic costs of economic risk in the financial market (Europejskie rynki finansowe w obliczu globalnego kryzysu)

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  • Justyna Przychodzen

    (Katedra Finansow, Akademia Leona Kozminskiego w Warszawie)

Abstract

The global financial crisis uncovered the weakness of institutional environment in Europe as well as in the world. Contemporary capital markets in the face of crisis did not meet expectations of both investors and regulators and generated huge economic as well as social costs. The aim of the paper is to analyze the consequences of the global financial crisis on European capital markets and formulation of a new paradigm of its development.

Suggested Citation

  • Justyna Przychodzen, 2012. "The economic costs of economic risk in the financial market (Europejskie rynki finansowe w obliczu globalnego kryzysu)," Problemy Zarzadzania, University of Warsaw, Faculty of Management, vol. 10(39), pages 54-63.
    • Handle: RePEc:sgm:pzwzuw:v:10:i:39:y:2012:p:54-63
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    References listed on IDEAS

    as
    1. Feldman, Todd, 2010. "Portfolio manager behavior and global financial crises," Journal of Economic Behavior & Organization, Elsevier, vol. 75(2), pages 192-202, August.
    2. Gaspar, Jose-Miguel & Massa, Massimo & Matos, Pedro, 2005. "Shareholder investment horizons and the market for corporate control," Journal of Financial Economics, Elsevier, vol. 76(1), pages 135-165, April.
    3. Kevin Dowd, 2009. "Moral Hazard and the Financial Crisis," Cato Journal, Cato Journal, Cato Institute, vol. 29(1), pages 141-166, Winter.
    4. Erkens, David H. & Hung, Mingyi & Matos, Pedro, 2012. "Corporate governance in the 2007–2008 financial crisis: Evidence from financial institutions worldwide," Journal of Corporate Finance, Elsevier, vol. 18(2), pages 389-411.
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