SOME ASPECTS OF MANAGEMENT OF BANKING CRISES

Autor izlaže vezu između financijskih i bankovnih kriza i daje sistematizaciju osnovnih uzroka krize. A iz toga proizlazi da učinkovito upravljanje krizom mora riješiti probleme diskrecijskih odluka centralne banke, moralnog hazarda i izbora između intervencije “sistemskih čuvara” i tržišta.The author exposes correlation between banking and financial crises and systematizes their main causes. He stresses here increasing importance of microeconomic causes of crisis. The efficient management of crisis must solve the problems of moral hazard, profoundness of crisis and distribution of fiscal burden. The option between market intervention or “systemic watcher” depends upon complexity and development of banking crisis