Makroekonomske performanse, finansijsk krize i finansijska stabilnost

LIMESplus

3

25

42

1820-0869

https://www.ceeol.com/search/article-detail?id=478579

2013-2021/10/18/12:12:52

Summary/Abstract: This paper discusses the shortcomings of Basel II standards, internationally accepted regulatory framework for the banking sector, based on the premise that if each bank is stable, then the entire banking sector is stable as well, which reallife experience undoubtedly denied during the Great Depression and the current Great Recession. On the other hand, the new Basel III standards have taken into account one of the most important lessons of the recent crises that the financial institutions are subject to the systemic risk that threatens the viability of their business regardless of individual performance. In this sense, our paper focuses on the relationship between macroeconomic and financial stability. In case study of the the economies of the United States and Austria, we analyze the effectiveness of the indicators prescribed by Basel III standards that aim to timely warn economic authorities of the accumulation of the difficulties in the financial sector. Our conclusion is that these indicators, along with certain drawbacks, are undoubtedly a useful tool which can help the prevention of financial instability.

central bank, financial crises, financial stability, macroeconomic performances, risks