Zarządzanie ryzykiem w bankach centralnych

Przemysław Siwior; Aneta Dobrzycka

doi:10.58683/dnswsb.2055

Published : 2025-08-01

Vol. 108 No. 1 (2025)

Risk Management in Central Banks

Przemysław Siwior

https://orcid.org/0000-0002-1929-5094

Aneta Dobrzycka

https://orcid.org/0009-0002-8762-3376

DOI: https://doi.org/10.58683/dnswsb.2055

Abstract

The article analyzes the evolution of risk management in central banks, identifying key challenges and presenting best practices in this area. Particular emphasis is placed on the independence of the risk management function, transparency, and adaptation to the changing financial environment.

The authors of the article argue that it is currently recommended to implement international, comprehensive, and binding legal frameworks for risk management in banks, and subsequently develop national legislation to refine and supplement these international binding legal frameworks.

Keywords:

Wybrano:risk management, central banks, financial stability, monetary policy, transparency

Details

References

Statistics

Authors

Download files

pdf (Język Polski)

Citation rules

Siwior, P., & Dobrzycka, A. (2025). Risk Management in Central Banks. Zeszyty Naukowe Wyższej Szkoły Bankowej W Poznaniu, 108(1). https://doi.org/10.58683/dnswsb.2055

Altmetric indicators

Cited by / Share

References

Adolph, C. (2013). Bankers, Bureaucrats, and Central Bank Politics: The Myth of Neutrality.

Cambridge University Press.

Alesina, A., & Summers, L.H. (1993). Central Bank Independence and Macroeconomic

Performance: Some Comparative Evidence. Journal of Money, Credit and Banking, 25(2),

–162.

Archer, D., & Moser-Boehm, P. (2013). Central Bank Finances. BIS Working Papers, 71. Bank

for International Settlements, Basel.

Basel Committee on Banking Supervision. (1998). Framework for internal control systems in

banking organizations. www.bis.org/publ/bcbs40.pdf

Best, J. (2016). Rethinking Central Bank Accountability in Uncertain Times. Ethics & International

Affairs, 30(2), 215–232.

Bindseil, U. (2004). Monetary policy implementation. Oxford University Press.

Bindseil, U., Gonzalez, F., & Tabakis, E. (2009). Risk Management for Central Banks and Other

Public Investors. Cambridge University Press.

Broll, U., & Wahl J.E. (2012). Risikomanagement im Unternehmen. Springer Gabler.

Crouhy, M., Galai, D., & Mark, R. (2001). Risk management. McGraw-Hill.

Jordan, T. (2017). Central Bank Independence Since the Financial Crisis: The Swiss Perspective.

Przemowienie. Szwajcarski Bank Narodowy. https://www.snb.ch/en/mmr/speeches/id/

ref_20171109_tjn/source/ref_20171109_tjn.en.pdf

Nocoń, A. (2019). Risk Management in Central Banks in the Context of Monetary Policy

Normalization. W: P. Linsley, P. Shrives, & M. Wieczorek-Kosmala (red.), Multiple Perspectives

in Risk and Risk Management. Springer.

Pringle, R., & Carver, N. (red.), Central bank risk management and international standards.

W: New Horizons in Central Bank Risk Management. London: Central Banking

Publications.

Pringle, R., Weller, R., & Weller, B. (red.) (1999). Risk Management for Central Bankers. London:

Central Banking Publications.

Smith, C., & Stulz, R.M. (1985). The determinants of a firm’s hedging policies. Journal of

Financial and Quantitative Analysis, 20(4), 391–405.

Stulz, R.M. (2003). Risk management and derivatives. Southwestern College Publishing.