Finančná stabilita – faktory a opatrenia
Financial Stability – Factors and Measures
Author(s): Tomáš TözsérSubject(s): Economy
Published by: Ekonomický ústav SAV a Prognostický ústav SAV
Keywords: credit boom; euro; good institutions; risks to financial stability; stability oriented policies; unrealistic expectations
Summary/Abstract: In the article we identify factors that pose challenges for domestic financial sta-bility in the long run, that is, after the euro adoption. These factors comprise: persistent large capital inflows, better availability of credit, speculative expecta-tions and lost of the national monetary policy as tool of macro management. To mitigate the potential negative effect of these factors on domestic financial sta-bility we present recommendations for measures of institutional and policy na-ture. In the short and medium-size period we do not see any immediate threats to domestic financial stability.
Journal: Ekonomický časopis
- Issue Year: 52/2004
- Issue No: 10
- Page Range: 1179-1187
- Page Count: 9
- Language: Slovak