Financial Stability and Systemic Risk

Cicilia A. Harun and Iman Gunadi
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Cicilia A. Harun: Bank Indonesia
Iman Gunadi: Bank Indonesia

Chapter Chapter 5 in Central Bank Policy Mix: Issues, Challenges, and Policy Responses, 2022, pp 73-89 from Springer

Abstract: Abstract Recent episodes of financial crises have provided empirical evidence that financial stabilityFinancial Stability is a necessary condition to support sustainable macroeconomic growth. Likewise, systemic riskSystemic risk has become an important measure in macroeconomic risks, especially in light of the increased concern about its ability to distress the economy. The economic authorities thus need to have an understanding of systemic riskSystemic risk given that it may become elevated through the exacerbation of vulnerabilities triggered by shocks arising from different elements of the financial system, including the macroeconomic environment.

Keywords: Financial stability; Systemic risk; Macroprudential supervision (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-16-6827-2_5

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DOI: 10.1007/978-981-16-6827-2_5

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