Macro-prudential Policy and its Impact on the Reduction of Systemic Risk

DOI: https://doi.org/10.35765/pk.2019.2502.07
Keywords: European Union, financial system, macroprudential supervision

Abstract

The main objective of this paper is a holistic representation of the idea of macro-supervision, pointing to the need for its implementation and demonstration based on research and historical data that macro-pru­dential policy can significantly prevent the materialization of systemic risk in the banking business. This means that it will be able to coun­teract this risk in both temporal and structural terms, translating into better functioning of the real economy, which the financial system pri­marily serves. The article will present the history of the idea of macro-supervision and its concept in the light of different economic schools. Next, the characteristics of the financial system, sources of systemic risk and macro-prudential policy objectives will be shown. Attention will also be given to the other objectives of this idea. In the next stage of work, a range of policy instruments will be presented.

Author Biography

Michał Tuszyński, SGH Warsaw School of Economics

PhD student in Economics at the World Econo­my School at the SGH Warsaw School of Economics, where he also earned a Masters in Finance and Accounting with honors degree. Gra­duate of Economics at the Warsaw University of Life Sciences SGGW. Focuses on macroeconomics and finance in the broadest sense of the term, with particular emphasis on monetary policy, research into busi­ness and financial cycles, the derivatives market, as well as the analy­sis of the Austrian school, praxeology and finance, on top of behavio­ral economics.

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Published
2019-07-01
How to Cite
[1]
Tuszyński, M. 2019. Macro-prudential Policy and its Impact on the Reduction of Systemic Risk. Perspectives on Culture. 25, 2 (Jul. 2019), 83-96. DOI:https://doi.org/10.35765/pk.2019.2502.07.
Issue
Vol. 25 No. 2 (2019): The Independence Announced
Section
Cross Cultural Management

Copyright (c) 2019 Jesuit University Ignatianum in Krakow

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