Pojasnjevalna moč modelov finančnih kriz

Sebastjan Strašek (Author), Nataša Špes (Author)

Abstract

Članek proučuje pojasnjevalno moč modelov finančnih kriz. Avtorja ugotavljata, da so modeli prve generacije kriz neustrezni, saj so koncentrirani samo na vlogo ekonomskih in finančnih fundamentalnih spremenljivk. Najpomembnejša novost modelov druge generacije je v pripoznavanju vloge pričakovanj tržnih subjektov pri pospeševanju finančnih kriz. Avtorja sugerirata, da je moč aktualno finančno krizo uvrstiti v razširjeno verzijo tretje generacije kriz, ki temelji na ideji okužbe, kjer že samo pojav krize na enem trgu poveča verjetnost podobne krize na drugih trgih ter dejstva da finančna kriza razkrije slabosti v modelih poslovnega bančništva in managementa finančnih kriz ter slabosti v procesu finančne liberalizacije. Najboljši način reagiranja na največjo nevarnost, ki jo predstavljajo velike, sistemsko pomembne finančne institucije za finančni sistem, je njihovo kontinuirano reguliranje, management in vnaprej jasna pravila postopkov v primeru krize.

Keywords

management;vodenje;finančna kriza;krize;krizni management;finance;liberalizacija;

Data

Language:	Slovenian
Year of publishing:	2010
Typology:	1.01 - Original Scientific Article
Organization:	UM EPF - Faculty of Economics and Business
Publisher:	Moderna organizacija
UDC:	339.747:338.124.4
COBISS:	10298908
ISSN:	1318-5454
Parent publication:	Organizacija
Views:	793
Downloads:	41
Average score:	0 (0 votes)
Metadata:

Other data

Secondary language:	Unknown
Secondary abstract:	The paper explores the explanation power of financial crises models. We find that first generation models are inadequate, since they focus only on the role of economic and financial fundamentals. The main innovation of the second generation models lies in identifying the role that the expectations of the market agents may play in precipitating financial crises. We suggest that the actual global financial crisis fit into expanded version of the third generation, which is based on the notion of contagion where the mere occurrence of a crisis in one market increases the likelihood of a similar crisis elsewhere and a fact that financial crisis reveals weaknesses in bank business models, huge weakness in management of financial crises and shortcomings in the process of financial liberalization. The best way to address the biggest threat of huge, systematically significant financial institutions to financial system is by regulating, managing these institutions continuously and determination of clear procedures in a case of a crisis.
URN:	URN:NBN:SI
Type (COBISS):	Not categorized
Pages:	str. A 119-A 128
Volume:	ǂLetn. ǂ43
Issue:	ǂšt. ǂ4
Chronology:	jul./avg. 2010
ID:	1730859