Financial stability

Mariusz Zygierewicz

Abstract


The subject of this article is the actual review of definition of financial stability. After last crisis on financial market we observe that the progress made in area of adoption of single definition. We observe such principal differences as defining financial stability and financial instability. The majority of definition takes into account the broad definition of stability, including institutions, markets, infrastructure, sometimes also the institution from real economy. Particularly interesting is the discussion concerning the relation between stability and financial assets bubble and ability of financial sector to mitigate internal or external shocks in order to achieve financial stability. These definitions have however only limited usefulness in practice for current activity of public bodies which are responsible for monitoring and maintaining financial stability.

Keywords


stability; financial sector

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DOI: http://dx.doi.org/10.17951/h.2013.47.3.685
Date of publication: 2015-07-23 22:18:28
Date of submission: 2015-07-23 13:39:02


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