THE ROLE OF THE EUROPEAN SYSTEMIC RISK COMMITTEE IN THE IMPLEMENTATION OF MACROPRUDENTIAL SUPERVISION

Irina-Elena Chirtoc
Additional contact information
Irina-Elena Chirtoc: CONSTANTIN BRANCUSI UNIVERSITY OF TG-JIU, ROMANIA

Annals - Economy Series, 2018, vol. 3, 123-129

Abstract: The role of macro-prudential policy in the EU is to ensure the smooth functioning of the financial system. Real economy can only grow to the extent that the financial system performs its functions without risk. The most well-known directions that give stability to the financial system are related to the functioning of the market in normal parameters, to ensuring that the payments in the economy are achieved without any difficulty, and especially to the achievement of quality financial intermediation. Macro-prudential policy regulations concern the development of unique banking monitoring mechanisms, rigorous supervision of managerial strategies for the development of financial-banking groups, risk assessment and management. Macroeconomic shocks caused by periodic financial crises will not affect the banking system to the extent that financial and macroprudential supervision is effective.

Keywords: mobility; migrants; immigrants; private capital transfers (search for similar items in EconPapers)
Date: 2018
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.utgjiu.ro/revista/ec/pdf/2018-03/17_Chirtoc.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2018:v:3:p:123-129

Access Statistics for this article

More articles in Annals - Economy Series from Constantin Brancusi University, Faculty of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Ecobici Nicolae ( this e-mail address is bad, please contact ).