The Systemic Risk and Capital Base Regulation

Systémové riziko a procyklicita regulace na bázi kapitálu

Stanislava Půlpánová

Český finanční a účetní časopis, 2010, vol. 2010, issue 3, 19-28

Abstract: This article is dealing with the questions concerning in the stability of financial system. It considers systemic risk as a basic economic concept for the understanding the economic crises. This article is also dealing with the relationship between the systemic risk and liquidity risk. It notes close link between the financial stability and the ability of the financial institutions to response to economic cycle. It concerns the regulatory conception Basel II as a subject of intense debate. We describe the discussions about the procyclicity of capital regulation and we suppose, every regulation based on capital buffer is procyclical.

Keywords: Systemic risk; Regulation and capital adequacy; Procyclicity; Risk management; Economic capital; Systémové riziko; Regulatorní koncept kapitálové přiměřenosti; Procyklicita; Řízení rizik; Ekonomický kapitál (search for similar items in EconPapers)
JEL-codes: G21 (search for similar items in EconPapers)
Date: 2010
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DOI: 10.18267/j.cfuc.73

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