STOCK MARKET FRAGILITY FOR MACROPRUDENTIAL POLICIES IN EASTERN EUROPEAN COUNTRIES

被引：1
|
作者：
Lupu, Radu [1 ,2 ]
Calin, Adrian Cantemir [1 ,2 ]
Bobirca, Ana Barbara [2 ]
Miclaus, Paul Gabriel [2 ]
机构：
[1] Romanian Acad, Inst Econ Forecasting, Bucharest, Romania
[2] Bucharest Univ Econ Studies, Bucharest, Romania
来源：
ECONOMIC COMPUTATION AND ECONOMIC CYBERNETICS STUDIES AND RESEARCH | 2018年 / 52卷 / 04期
关键词：
Macroeconomic prudential policies; financial stability; fragility; absorption ratio; systemic risk;
D O I：
10.24818/18423264/52.4.18.02
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The financial crisis of 2008 demonstrated the powerful relations that exist among financial institutions and the way in which these connections catalyse the shocks that flog the financial system. This interdependency was translated into a wave of academic attention towards the measurement and mitigation of systemic risk. The purpose of this paper is to propose a measure of the contribution of each country in our sample to the fragility of the entire Eastern European capital market. Our results indicate that this measure is strongly dependent on the perceptions of economic policies as measured by the European Commission through the Economic SentiMent indices.
引用
收藏
页码：19 / 33
页数：15
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