Naslov
Macroprudential Regulation and Financial Sector Stability in Surroundings of Financial Crisis: Case of Croatia

Autori
Stojanović, Alen ; Krišto, Jakša

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Proceedings of the 8th International Conference "Economic Integrations, Competition and Cooperation" / Kandžija, Vinko ; Kumar, Andrej - Opatija : University of Rijeka – Faculty of Economics – Chair Jean Monnet, 2011, 1-13

ISBN
978-953-7813-04-8

Skup
8th International Conference "Economic Integrations, Competition and Cooperation"

Mjesto i datum
Opatija, Hrvatska, 06.04.2011. - 09.04.2011

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
financial sector stability; financial crisis; macroprudential regulation; Croatia

Sažetak
Financial sector stability is a key prerequisite for efficient transfer and allocation of savings, considered to be one of foundations of economic growth. The importance of achieving and sustaining financial stability has be highlighted by recent financial crisis which has revealed that the financial sector has a single core with strong mutual influences and spill-over effects. The importance of supervising the whole financial sector, instead of focusing only on supervising single institutions, has been emphasised by new regulatory changes in the European Union and the USA. These changes have led to development of macroprudential supervision with the aim to ensure sustainable stability of the financial sector. In previous years, regulators and supervisors were focused on the microprudential supervision of individual financial institutions and did not adequately monitor the macro-systemic risks in the domestic and global financial market. The purpose of this article is to give an overview on research in the field of macroprudential regulation and analyse new legislative proposals for macroprudential regulation in the EU and the USA. The article will examine macroprudential policy in Croatia and its impact on financial sector stability in surroundings of financial crisis.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

Napomena
Revised version of the paper is published as a chapter in a Research monograph "Economic integrations, competition and cooperation", ed. Kandžija, Vinko ; Kumar, Andrej (paper 545635).

POVEZANOST RADA