ARE POLISH BANKS STABLE? A SYSTEMIC RISK ANALYSIS
The financial crisis that began in 2007 pointed out deficiencies in policy-makers’ responsesto systemic risk. It turned out that not only individual bank insolvencies but also spillovers fromnegative externalities among entities can cause serious threats to the financial sector. During thelast 10 ye...
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| Format: | Article |
| Language: | English |
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Wydawnictwo SGGW - Warsaw University of Life Sciences Press
2020-06-01
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| Series: | Polityki Europejskie, Finanse i Marketing |
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| Online Access: | https://pefim.sggw.pl/article/view/5254 |
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| author | Piotr Misztal Marcin Łupiński |
| author_facet | Piotr Misztal Marcin Łupiński |
| author_sort | Piotr Misztal |
| collection | DOAJ |
| description | The financial crisis that began in 2007 pointed out deficiencies in policy-makers’ responsesto systemic risk. It turned out that not only individual bank insolvencies but also spillovers fromnegative externalities among entities can cause serious threats to the financial sector. During thelast 10 years, many international and national initiatives were taken to strengthen the soundnessof the financial system, introducing a macroprudential perspective to financial supervision.However, the recent COVID19 pandemic resulted in a serious negative shock for many economiesand their financial sectors. In this paper, using the network model we try to analyse how theserecent unexpected developments affected the Polish banking sector with systemic risk. To analysePolish bank stability we developed a formal stress-testing framework based on the network modelthat allowed systemic risk identification, modelling and measurement. We tried to integrateanalysis of time and the cross-sectional nature of systemic risk. |
| format | Article |
| id | doaj-art-aaa2153e2fdf4a629db020a54390c132 |
| institution | Kabale University |
| issn | 2081-3430 2544-0640 |
| language | English |
| publishDate | 2020-06-01 |
| publisher | Wydawnictwo SGGW - Warsaw University of Life Sciences Press |
| record_format | Article |
| series | Polityki Europejskie, Finanse i Marketing |
| spelling | doaj-art-aaa2153e2fdf4a629db020a54390c1322025-02-03T00:47:10ZengWydawnictwo SGGW - Warsaw University of Life Sciences PressPolityki Europejskie, Finanse i Marketing2081-34302544-06402020-06-0127(76)10.22630/PEFIM.2022.27.76.6ARE POLISH BANKS STABLE? A SYSTEMIC RISK ANALYSISPiotr Misztal0Marcin Łupiński1Jan Kochanowski University in KielceJan Kochanowski University in KielceThe financial crisis that began in 2007 pointed out deficiencies in policy-makers’ responsesto systemic risk. It turned out that not only individual bank insolvencies but also spillovers fromnegative externalities among entities can cause serious threats to the financial sector. During thelast 10 years, many international and national initiatives were taken to strengthen the soundnessof the financial system, introducing a macroprudential perspective to financial supervision.However, the recent COVID19 pandemic resulted in a serious negative shock for many economiesand their financial sectors. In this paper, using the network model we try to analyse how theserecent unexpected developments affected the Polish banking sector with systemic risk. To analysePolish bank stability we developed a formal stress-testing framework based on the network modelthat allowed systemic risk identification, modelling and measurement. We tried to integrateanalysis of time and the cross-sectional nature of systemic risk.https://pefim.sggw.pl/article/view/5254financial stabilitysystemic risknetwork modelbanking system |
| spellingShingle | Piotr Misztal Marcin Łupiński ARE POLISH BANKS STABLE? A SYSTEMIC RISK ANALYSIS Polityki Europejskie, Finanse i Marketing financial stability systemic risk network model banking system |
| title | ARE POLISH BANKS STABLE? A SYSTEMIC RISK ANALYSIS |
| title_full | ARE POLISH BANKS STABLE? A SYSTEMIC RISK ANALYSIS |
| title_fullStr | ARE POLISH BANKS STABLE? A SYSTEMIC RISK ANALYSIS |
| title_full_unstemmed | ARE POLISH BANKS STABLE? A SYSTEMIC RISK ANALYSIS |
| title_short | ARE POLISH BANKS STABLE? A SYSTEMIC RISK ANALYSIS |
| title_sort | are polish banks stable a systemic risk analysis |
| topic | financial stability systemic risk network model banking system |
| url | https://pefim.sggw.pl/article/view/5254 |
| work_keys_str_mv | AT piotrmisztal arepolishbanksstableasystemicriskanalysis AT marcinłupinski arepolishbanksstableasystemicriskanalysis |