Asigurarea performanţei în sectorul public prin eficientizarea relaţiei dintre politica macroprudenţială şi stabilitatea financiară

Abstract

This paper attempts to improve public sector performance by strengthening the relationship between inancial stability issues in economic theory and identiication management solutions episodes of financial instability knowledge literature. An essential reference is Minsky’s financial instability hypothesis, which argues that a fundamental feature of the financial system is that it swings between robustness and fragility and these pendulum swings are an integral part of the process that generates the business cycle. Studies show that the efects of banking crises on economic activity are important both in magnitude and duration. Recently, macroprudential policy stood out as a central pillar in promoting financial stability in a broad sense. Regarding speciic objectives of macroprudential policy, the prevalent vision refers to limiting systemic risk and macroeconomic costs of financial crises, but there are also important nuances. Research methodology aims at studying these relationships and determines how they act to improve public sector performance.