Paradygmat finansów i nowe rodzaje ryzyka jako nośniki ryzyka systemowego

The article discusses the issues of paradigm of finance and a rise of the so-called new risks as drivers of systemic risk. The aim of the paper is to highlight observed changes in finance paradigm that in the classical approach involved a “servient role” of financial institutions towards the clien...

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Bibliographic Details
Main Authors: Tomasz Michalski, Adam Śliwiński
Format: Article
Language:English
Published: Wydawnictwo Naukowe Wydziału Zarządzania Uniwersytetu Warszawskiego 2015-10-01
Series:Problemy Zarządzania
Subjects:
Online Access:https://pz.wz.uw.edu.pl/resources/html/article/details?id=169479
Description
Summary:The article discusses the issues of paradigm of finance and a rise of the so-called new risks as drivers of systemic risk. The aim of the paper is to highlight observed changes in finance paradigm that in the classical approach involved a “servient role” of financial institutions towards the client with a view to economic growth. At the time before the crisis, the paradigm evolved towards “greed” of financial institutions. According to the authors, a shift of finance paradigm and a rise of the so-called new risks may affect the level of systemic risk.
ISSN:1644-9584
2300-8792