We analyze the benefits and costs of a non-euro country opting-in to the banking union. The decision to opt-in depends on the comparison between the assessment of the banking union attractiveness and the robustness of a national safety net. The benefits of opting-in are still only potential and...

This is a summary of PhD thesis (title above) in Warsaw School of Economics 2013. Detailed research results are published as a CFS Policy Paper in my profile.The main thesis states that central bank's involvement in contributing to financial stability is determined by many factors, two of which...

The article aims to answer a number of research questions. The first question concerns some major gaps in financial system regulation and in the safety net that have been exposed by the latest global financial crisis. Another question is how the banking sector will be influenced by the ongoing...

Polish Abstract: Doświadczenia z funkcjonowania krajowych systemów gwarantowania depozytów (ang. deposit guarantee scheme – DGS) w UE podczas ostatniego kryzysu wskazują, że nie jest to rozwiązanie sprzyjające stabilności finansowej na poziomie paneuropejskim. Fragmentaryczne krajowe...

Polish Abstract: Globalny kryzys finansowy obnażył wiele słabości w zakresie systemu regulacji i nadzoru w sieci bezpieczeństwa finansowego. Każda z instytucji ją tworzących stanęła przed wyzwaniem skutecznego nie tylko zapobiegania, ale i zarządzania kryzysem o transgranicznym...

Interlinkages between the financial sector and the condition of the sovereign determine the existence of many transmission channels through which mutual crises can develop. To support this thesis the author analyzes the most important ones, such as market channel, asset holdings and collateral...

This paper presents the results of a comprehensive survey conducted with 27 European Union (EU) central banks concerning their involvement in ensuring financial stability. The paper also introduces a novel methodology ("Financial Stability Engagement index") to measure central bank involvement...