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@inbook{6112,
author = {Frait, Jan},
address = {Praha},
booktitle = {Post-Crisis Banking Regulation and its Potential Impacts in Small Open Economies},
edition = {1.},
editor = {prof. Dr. Ing. Jan Frait},
keywords = {bank regulation; open economy},
howpublished = {tištěná verze "print"},
language = {eng},
location = {Praha},
isbn = {978-80-7408-144-6},
pages = {41-57},
publisher = {Vysoká škola finanční a správní, a. s.},
title = {Interaction of Menetary and Macroprudential Policies in the Post-Crisis Framework},
year = {2016}
}
TY - CHAP
ID - 6112
AU - Frait, Jan
PY - 2016
TI - Interaction of Menetary and Macroprudential Policies in the Post-Crisis Framework
VL - EUPRESS
PB - Vysoká škola finanční a správní, a. s.
CY - Praha
SN - 9788074081446
KW - bank regulation
KW - open economy
N2 - 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.
ER -
FRAIT, Jan. Interaction of Menetary and Macroprudential Policies in the Post-Crisis Framework. In prof. Dr. Ing. Jan Frait. \textit{Post-Crisis Banking Regulation and its Potential Impacts in Small Open Economies}. 1st ed. Praha: Vysoká škola finanční a správní, a. s., 2016, p.~41-57. EUPRESS. ISBN~978-80-7408-144-6.
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