BazEkon - The Main Library of the Cracow University of Economics

BazEkon home page

Main menu

Author
Miklaszewska Ewa (Uniwersytet Ekonomiczny w Krakowie)
Title
Problemy stabilności dużych banków: lekcje z doświadczeń kryzysów finansowych
Stability of Large Banks in Light of the Experience of Financial Crises
Source
Bezpieczny Bank, 2023, nr 3 (92), s. 8-24, tab., rys., bibliogr. s. 21-24
Keyword
Kryzys finansowy, Upadłość banku, Regulacje bankowe
Financial crisis, Bank bankruptcy, Bank regulations
Note
JEL Classification: G01, G21, G28
streszcz., summ.
Abstract
Artykuł koncentruje się na problemach związanych z kwestiami regulacyjnymi i nadzorczymi dotyczącymi stabilizowania dużych globalnych banków, które ujawnione zostały podczas niedawnych kryzysów: globalnego kryzysu finansowego z lat 2007-2009, kryzysu ekonomicznego związanego z pandemią COVID-19 w 2020 r. i niedawnych problemów banków Zachodniego Wybrzeża USA (marzec - maj 2023). Inspiracją do powstania tekstu były też dyskusje, jakie miały miejsce podczas konferencji: "This time is different: post-pandemic banking and financial markets", która odbyła się w Uniwersytecie Ekonomicznym w Krakowie w kwietniu 2023 r. Celem artykułu jest analiza problemów ujawnionych przez kryzysy lub szoki zewnętrzne, oraz przedstawienie syntezy doświadczeń w aspekcie prowadzenia polityki publicznej wobec dużych banków. (abstrakt oryginalny)

The article focuses on problems related to regulatory and supervisory problems of stabilizing large global banks, which were revealed during the recent crises: the global financial crisis of 2007-2009, the economic crisis related to the COVID-19 pandemic in 2020 and the recent problems of the US West Coast banks (March-May 2023]. The text was also inspired by discussions that took place during the conference: "This time is different: post-pandemic banking and financial markets" held at the Cracow University of Economics in April 2023. The purpose of the article is to analyze the problems revealed by crises or external shocks, and to provide a synthesis ofexperiences related to public policytowards large banks. (original abstract)
Accessibility
The Main Library of the Cracow University of Economics
The Library of Warsaw School of Economics
Full text
Show
Bibliography
Show
  1. Acharya V., Richardson M., Schoenholtz K., Tuckman B. (eds.] (2023], SVB and Beyond: The Banking Stress of 2023, NYU Stern/CEPR, cepr.org/publications/books-and-reports/svb-and-beyond-banking-stress-2023
  2. Allen F., Babus A., Carletti E. (2009], Financial Crises: Theory and Evidence, "Annual Review of Financial Economics"vol. 1/1.
  3. Allen F., Beck T., Carletti E., Lane P., Schoenmaker D., Wagner W. (2011], Cross-border Banking in Europe: Implications for Financial Stability and Macroeconomic Policies, CEPR, London.
  4. Ball L. (2018], The Fed and Lehman Brothers: Setting the Record Straight on a Financial Disaster, Cambridge University Press, Cambridge.
  5. Bernanke B.S. (2018], The Real Effects of Disrupted Credit: Evidence from the Global Financial Crisis. "Brookings Papers on Economic Activity", Fall.
  6. Bernanke B.S. (2022], Banking, Credit, and Economic Fluctuations. Nobel Prize Lecture, https://www.nobelprize.org/prizes/economic-sciences/2022/bernanke/lecture.
  7. Bernanke B.S., Geithner T., Paulson H.M. (2019], Firefighting. The Financial Crisis and its Lessons, Profile Books, London.
  8. Buch C. (2020], Financial Stability and Too-Big-to-Fail after the Covid-19 Pandemic, Deutsche Bundesbank, 16 Dec., https://www.bundesbank.de/en/press/speeches/financial-stability-and-too-big-to-fail-after-the-covid-19-pandemic-854084#tar-4
  9. Buckley R., Avgouleas E., Arner D. (2021], Three Major Financial Crises: What Have we Learned?, w: Regulation and the Global Financial Crisis: Impact, Regulatory Responses and Beyond, ed.: D. Cash. R. Goddard, Routledge, NewYork.
  10. Caixa Bank (2023], About Bankia, https://multimedia.caixabank.es/lacaixa/ondemand/ cri-teria/bankia/en/about-bankia.html
  11. Calomiris Ch. (2015], Bank Failures, the Great Depression, and other "Contagious" Events, [w:] The Oxford Handbook of Banking, ed. A.N. Berger, P. Molyneux, J.O.S. Wilson, Oxford Univ. Press, Oxford.
  12. Calomiris Ch., Haber S. (2014], Fragile By Design: The Political Origins of Banking Crises and Scarce Credit, Princeton University Press, Princeton.
  13. Casu B., Girardone C., Molyneux P. (2022], Introduction to Banking, Pearson, Harlow.
  14. Chesini G. (2023], The Impact of the Covid-19 Pandemic on European Bank Regulation and Supervision, [w:] COVID-19 and European Banking Performance, red. P. Wachtel, E. Miklaszewska, Routledge, New York.
  15. Chodyniecki P. (2022], Co to jest cyfrowa waluta banku centralnego (CBDC), 22 grudnia, fin-techportal.pl (dostęp 30.09.2023],
  16. CRS (2021], Over the Line: Asset Thresholds in Bank Regulation, Congressional Research Service Report R46779, May 3, https://crsreports.congress.gov
  17. Demirgûç-Kunt A., Huizinga H. (2011], Do we Need Big Banks? Evidence on Performance, Strategy and Market Discipline. CEPR Discussion Paper 8276, London.
  18. Diamond D., DybvigP. (1983], Bank Runs, Deposit Insurance and Liquidity, "Journal of Political Economy", vol. 91/3.
  19. DeYoung R. (2015], Banking in the US, [w:] The Oxford Handbook of Banking, red. A. Berger, P. Molyneux, J. Wilson, Oxford Univ. Press. Oxford.
  20. Duffie D. (2011], How Big Banks Fail. Princeton Univ. Press, Princeton.
  21. ECB (2015], Commercial Bank Failures during the Great Recession, Working Paper Series 1779, April.
  22. ECB (2020], Montagna M., Torri G., Covi G., On the Origin of Systemic Risk, Working Paper Series No 2502, December.
  23. ECB Banking Supervision (2023], Enria A., Well-Run Banks don't Fail - Why Governance is an Enduring Theme in Banking Crises, 1 June, https://www.bankingsupervision.europa.eu/ press/speeches/date/ 2023/html/ssm.sp230601~0d92d89e8c.en.html.
  24. FDIC (2014], Bennett R.L., Unal H., Understanding the Components of Bank Failure Resolution Costs, July, www.fdic.gov/analysis/cfr/2014/wp2014/2014-04.pdf
  25. FED (2023a], Board of Governors: Supervision and Regulation Report, May www.federalre-serve.gov/publications/files/202305-supervision-and-regulation-report.pdf
  26. FED (2023b], Board of Governors: Financial stability, https://www.federalreserve.gov/fi-nancial-stability/types-of-financial-system-vulnerabilities-and-risks.htm
  27. Financial Times (2023], Majority of Swiss Want New UBS-Credit Suisse Mega Bank Split Up, wwwrick U., Mathur A. (2019], Playing it Safe: Global Systemically Important Banks after the Crisis, "BIS Quarterly Review", 22 September.
  28. Hryckiewicz A., Pawłowski P., Mazur P.M., Borsuk M. (2022], Sovereign Debt Holding and Bank Sensitivity toward Market Risk: An Alternative View of the Bank-Sovereign Problem, "International Journal of Central Banking", December.
  29. IMF (2009], Poghosya.ft.com/content/79c2c955-effc-459b-beea-ee8b6fb28133Majority of Swiss want new UBS-Credit Suisse mega bank split up, March 24.
  30. Fraser D.R., Fraser L.M. (1991], Evaluating Commercial Bank Performance: A Guide to Financial Analysis, Probus Professional Pub.
  31. Goel T., Lewn T., Cihak M., Distress in European Banks: An Analysis Based on a New Dataset, January, www.bookstore.imf.or
  32. IMF (2023], Henriquez M., Early Lessons from the Recent Banking Turmoil, 9 May, www.imf. org /en/Publications/fandd/issues/Series/Analytical-Series/cafe-econ-early-lessons-from-the-recent-banking-turmoil
  33. Koleśnik J. (2019], Bankowe ryzyko systemowe - źródła i instrumenty redukcji, Difin, Warszawa.
  34. KVA (2022], The Royal Swedish Academy of Scences, "Financial Intermediation nad the Economy", Oct. 10.
  35. Marcinkowska M. (2023], Ryzyko w europejskim systemie bankowym, "Bezpieczny Bank", nr 2.
  36. Michalewicz J. (2023], Fala kryzysowa w systemach bankowych USA i Szwajcarii w marcu 2023 r., "Bezpieczny Bank", nr 2.
  37. Miklaszewska E., Kil K. (2023], The Impact of the COVID-19 Pandemic on Bank Stability and Performance in the CEE Region, [w:] COVID-19 and European Banking Performance, red. P. Wachtel, E. Miklaszewska, Routledge, NewYork.
  38. Moosa I. (2010], The Myth of Too Big To Fail, Palgrave McMillan, New York.
  39. Pyka I., Zygierewicz M., Bolibok P., Nocoń A. (2019], Polityka makroostrożnościowa w regulowaniu stabilności sektora bankowego, Wyd. Uniwersytetu Ekonomicznego w Katowicach, Katowice.
  40. Reinhard C.N., Rogoff KS. (2011], This Time Is Different: Eight Centuries of Financial Folly, Princeton Univerity Press, Princeton.
  41. Reuters (2023], Swiss Economists Question UBS Takeover of Credit Suisse in Poll, Reuters.com/ business/finance/swiss-economists-question-ubs-takeover-credit-suisse-poll-2023-03-31, March 31.
  42. Royo S. (2013], Lessons from the Economic Crisis in Spain, Palgrave Macmillan, New York.
  43. Royo S. (2020], Why Banks Fail: The Political Roots of Banking Crises in Spain, Palgrave Macmillan, NewYork.
  44. Saunders A. (2012], Financial Institutions In and Out of Crisis, World Scientific, London.
  45. SNB (2021], Allenspach N., Reichmann O., Rodriguez-Martin J., Are Banks Still 'Too Big to Fail'? - A Market Perspective, Working Papers No. 18.
  46. The Economist (2023], What really went wrong at Silicon Valley Bank, March 13, https:// www.economist.com/leaders/2023/03/13/what-really-went-wrong-at-silicon-valley-bank
  47. The University of Chicago Booth School of Business (2017], What Economists Think Caused the Financial Crisis, Oct. 20, https://www.kentclarkcenter.org/surveys-special/factors-con-tributing-to-the-2008-global-financial-crisis/
  48. The World Bank (2022], World Development Indicators, https://data.worldbank.org/indi-cator.
Cited by
Show
ISSN
1429-2939
Language
pol
URI / DOI
http://dx.doi.org/10.26354/bb.l.3.92.2023
Share on Facebook Share on Twitter Share on Google+ Share on Pinterest Share on LinkedIn Wyślij znajomemu