Evaluating and managing systemic risk in the European Union

Anamaria Avadanei and Nicolae Ghiba

MPRA Paper from University Library of Munich, Germany

Abstract: The financial crisis has exposed the weaknesses in national and international economies, the disruption of the financial systems all over the world. The aim of this paper is to point out the importance of systemic risk management in the European Union (EU). Structured on two parts, the study presents the evaluation methods of the systemic risk in the mentioned area and the main proposals for the financial stability reconstruction. To conclude, deep reforms are needed: an adequate financial regulation and supervision, the evaluation of the performance over time, new rules for improving capital and liquidity and a better communication between institutions in order to prevent and neutralize possible distress.

Keywords: Systemic risk; financial crisis; European Union (search for similar items in EconPapers)
JEL-codes: G01 G32 (search for similar items in EconPapers)
Date: 2010-10-20
New Economics Papers: this item is included in nep-ban, nep-cfn, nep-eec and nep-rmg
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:28657

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