Public Good and the Stability of the Financial System

Ewa Kuzionko-Ochrymiuk

doi:10.26349/zn.wsb.w.poznaniu.0078.09

Published : 2018-02-27

Vol. 78 No. 1 (2018)

Public Good and the Stability of the Financial System

Ewa Kuzionko-Ochrymiuk

DOI: https://doi.org/10.26349/zn.wsb.w.poznaniu.0078.09

Abstract

This article is an attempt to characterize the concept of a public good and the stability of the financial system and to determine whether public goods affect the general financial stability of a local government unit (LGU). In this article deals with basic aspects and definitions of public goods and their types, then the focuses on characteristics of financial stability. The last part contains an overview of reasons for maintaining the stability of a financial system viewed as a public good.(original abstract)

Keywords:

Financial sustainability, Public goods

Most read articles by the same author(s)

Ewa Kuzionko-Ochrymiuk, Ewelina Piekarska, Financial Stability and Innovations in Local Governments , Zeszyty Naukowe Wyższej Szkoły Bankowej w Poznaniu: Vol. 78 No. 1 (2018)

Details

References

Statistics

Authors

Download files

PDF (Język Polski)

Citation rules

Kuzionko-Ochrymiuk, E. (2018). Public Good and the Stability of the Financial System. Zeszyty Naukowe Wyższej Szkoły Bankowej W Poznaniu, 78(1). https://doi.org/10.26349/zn.wsb.w.poznaniu.0078.09

Altmetric indicators

Cited by / Share

References

Allen A., Wood G., 2005, Defining and achieving financial stability, LSE Financial Markets Group, Special Paper no. 160.

Bandt O. de, Hartmann P., 2000, Systemic risk: A survey, European Central Bank Working Paper no. 35.

Chant J., 2003, Financial Stability as a Policy Goal, in: Essays on Financial Stability, Technical Report no. 95, Bank of Canada.

Crockett A., 1997, Why is Financial Stability a Goal of Public Policy? in: Maintaining Financial Stability in a Global Economy, Symposium Proceedings, Federal Reserve Bank of Kansas City.

Duisenberg W., 2001, The contribution of the Euro to financial stability, in: Globalization of financial markets and financial stability - challenges for Europe, Baden-Baden: Nomos Verlagsgesellschaft.

Ferguson R.W., 2003, Should Financial Stability Be an Explicit Central Bank Objective? in: Monetary Stability, Financial Stability and the Business Cycle: Five Views, BIS Paper no. 18.

Greenspan A., 1999, Do efficient market mitigate financial crises? Speech before the 1999 Financial Market Conference of the Federal Reserve Bank of Atlanta, Sea Island, Atlanta, 19 October.

Hofmokl J., 2009, Internet jako nowe dobro wspólne, Warszawa: Wyd. Akademickie i Profesjonalne.

Icard A., 2003, Comment on "Should financial stability be an explicit central bank objective?", in: Challenges to Central Banking from Globalized Financial Systems, eds. P.C. Ugolini, A. Schaechter, S.R. Stone, Washington D.C.: IMF.

Jurkowska A., 2005, Światowe dobro publiczne, Gazeta Bankowa, 7, 32-34.

Kleer J., 2006, Globalizacja a państwo narodowe i usługi publiczne, Warszawa: PAN.

Mishkin F.S., 1997, The Causes and Propagation of Financial Instability: Lessons for Policymakers, in: Maintaining Financial Stability in a Global Economy, Symposium Proceedings, Federal Reserve Bank of Kansas City.

Olson M., 1965, The Logic of Collective Action, Public Goods and the Theory of Groups, Cambridge Mass.: Harvard University Press.

Oosterloo S., Haan J. de, 2003, Survey of Institutional Frameworks for Financial Stability, DNB Occasional Studies, 1(4).

Padoa-Schioppa T., 2002, Central Banks and Financial Stability: Exploring a Land in Between, paper presented at the Second ECB Central Banking Conference, Frankfurt am Main.

Report on Consolidation in the Financial Sector, Group of Ten, January 2001.

Schinasi G.J., 2004, Defining Financial Stability, IMF Working Paper no. WP/04/187.

Schwartz A.J., 1986, Real and pseudo-financial crises, in: Financial Crises and the World Banking System, eds. F. Capie, G.E. Wood, London: Macmillan.

Stiglitz J., 2000, Economics of public sector, New York - London: W.W. Norton & Company.