FRAIT, Jan. Post-Crisis Banking Regulation and its Potential Impacts in Small Open Economies. 1st ed. Praha: Vysoká škola finanční a správní, a. s. 152 pp. Edition EUPRESS. ISBN 978-80-7408-144-6. 2016.
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Basic information
Original name Post-Crisis Banking Regulation and its Potential Impacts in Small Open Economies
Authors FRAIT, Jan (203 Czech Republic, guarantor, belonging to the institution).
Edition 1. vyd. Praha, 152 pp. Edition EUPRESS, 2016.
Publisher Vysoká škola finanční a správní, a. s.
Other information
Original language English
Type of outcome Book on a specialized topic
Field of Study 50200 5.2 Economics and Business
Country of publisher Czech Republic
Confidentiality degree is not subject to a state or trade secret
Publication form printed version "print"
RIV identification code RIV/26138077:_____/16:#0000887
Organization unit Institute VSFS
ISBN 978-80-7408-144-6
Keywords (in Czech) bankovní regulace, otevřená ekonomika
Keywords in English bank regulation; open economy
Tags AR 2016-2017, xB2
Links GA13-08549S, research and development project.
Changed by Changed by: Ing. Dominika Moravcová, učo 21787. Changed: 12/4/2017 10:27.
Abstract
In the last 15 years, financial markets experienced a kind of tsunami effect, as the risk first disappeared from the markets like water from the oceans only to return with a vengeance at the start of the crisis in the form of a destructive tidal wave. Such developments were accompanied and fostered by swings in the approach to banking regulation. In the pre-crisis decades politicians and policy-makers adopted too optimistic view of the self-regulation, market discipline and risk management, and, in effect, regulatory Framework got too lenient. After the crisic, the corrective and effectively opposite stance has been adopted. Both Basel III rules and further initiatives should contribute positively to the stability of financial systems. The experience obtained thus far supports the view that the banks that are better capitalised and have higher loss absorbency have a capacity to weather the adverse shocks coming from gobal financial environment much better.
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