Definitions of financial stability
Definitions of financial stability

Author(s): Czesław Mesjasz, Wojciech Rogowski
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Łódzkiego
Keywords: financial stability;bank system;corporate governance
Summary/Abstract: The aim of the paper is to provide a preliminary answer to the following questions: 1. What are the theoretical and practical consequences of the absence of universally accepted definitions of financial stability? 2. What could be potential advantages to elaborate, if not a unique, so at least a limited number of widely accepted definitions of “financial stability” allowing to assess multiple aspects of functioning of various kinds of financial systems? 3. What should be the assumptions of such definitions?

• Details
• Contents