The aim of this study is to assess the potential to introduce a positive neutral rate for the countercyclical capital buffer (nCCyB) at 0.5%, 1%, 1.5% and 2% in 20 EU countries over the period 2014Q4 up to 2023Q3. Prudential data at country-level was used to estimate the level of banks'...

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...

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...

Aim of this article is to provide a critical review of the financial stability definitions available in the literature and used by central banks in the EU. The author attempts to justify that there is no single, universally acceptable definition of financial stability and the ones present in the...

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...

The aim of the study is to analyze the concept of systemic risk. The study reviews a multitude of systemic risk definitions in the literature. In addition, the paper identifies factors that contribute to the build-up of systemic risk (vulnerabilities), the spreading of contagion and provides a...

Polish Abstract: Celem artykułu jest identyfikacja wyzwań stojących obecnie przed siecią bezpieczeństwa finansowego oraz weryfikacja tezy, że w wyniku doświadczeń z kryzysu następuje zmiana paradygmatu stabilności finansowej. Wykorzystane zostały metoda porównawcza i analiza...