With globalisation comes an increase in the threat from systemic risk. As national economies become more globally entwined many argue that insufficient attention is being given to systemic risk; a principal contributor to recent economic crises. Focusing on the Polish financial system, this book addresses this critical issue within a global economic context. It advocates that accurate risk management practices and appropriate micro and macroeconomic policies can be created and maintained in order to manage systemic risk at both a national and international level. The book reviews current systemic risk management practices, analysing stability and existing micro- and macroprudential policies, before examining the current risks involved in investing in financial instruments and those associated with investing in stock exchanges. It offers suggestions for the effective implementation of a well-designed public policy, through well managed fiscal and monetary policies, and reflects the roles of households and companies in planning, organizing, and controlling socio-economic activity to control risk. Risk Management in the Polish Financial System aims to redefine the taxonomy of systemic risk, offering practical and regulatory socio-economic processes which can be applied to current risk management practices, as well as provide a risk map for the years to come.
Daftar Isi
1. National Systemic Risk Management.- 2. Stability of the Polish Financial System and the Risk Involved.- 3. Management of Financial Stability Risk.- 4. The Risk of Investing in Financial Instruments.- 5. Strategic Risks of Investing in Stock Exchange.
Tentang Penulis
Konrad Raczkowski, Ph D, is Professor of Economics and Management and Director of the Institute of Economics at the University of Social Sciences in Warsaw, Poland.
Marian Noga, Ph D, is Professor of Economics, former Member of the Monetary Policy Council of Poland and former Rector of Wroclaw University of Economics, Poland.
Jarosław Klepacki, Ph D, is an economist and lawyer. He is also an arbitrator at the International Court of Arbitration in Amsterdam, Netherlands.