Управување со ликвидносниот и кредитниот ризик на банките во услови на банкарска криза

Abstract

Banking crises аrе some of the most puzzling and most complex economic phenomena. Their consequences are not only visible in the financial system but also in all segments of the economy of a country. The recent global financial crisis reminded of the importance of the banking system and the need for further improvement of risk management in banks. This paper is aimed at exploring the role of credit and liquidity risk management in the occurrence, development, overcoming and the consequences of banking crises. Special importance is given to the role of Basel III in the areas of risk, with particular emphasis on credit and liquidity risk. The treatment of various causes, consequences and different systems for solutions and overcoming the crisis relies on eminent theoretical insights and empirical analysis and a variety of examples from the history of banking crises. This broad approach results from the fact that every crisis is different and experiences gained from one crisis increase the ability to understand each subsequent one. The emphasis is on the comparative analysis of two major financial crises in recent years: the Asian Crisis and the Subprime Mortgage Crisis/Global Financial Crisis. Through statistical analysis of macroeconomic indicators and developments of the credit and liquidity risk, arguments are provided for the similarities and key differences between these two crises. The purpose of this paper is to identify the strengths and weaknesses of risk management as part of bank management in terms of "bad times", i.e. in times of crisis by considering credit and liquidity risk management in the "good times".