Artikel

Dynamics in complex systems amidst crisis 2008+: Financial regulatory and supervisory reflections

Every financial crisis triggers some regulatory and supervisory changes related to the ensuing threats. These regulations usually address specific types of risks and reduce them but do not protect the entire system from another crisis. The aim of this study was to develop a conceptual framework of financial system resilience based on the theoretical approach of complex system theory and its explanation of these systems' self-adaptation. Our analysis embraces the time since the 2008+ financial crisis in the United States. We argue that the digitalization of financial markets may contribute to the greater safety of the banking sector. We adopted blockchain technology for the pattern of self-modification mechanisms of the financial system. The main findings highlight that the blockchain technology incorporated into the system approach and applied to financial regulation and supervision can significantly improve the safety of the financial markets.

Language
Englisch

Bibliographic citation
Journal: Risks ; ISSN: 2227-9091 ; Volume: 10 ; Year: 2022 ; Issue: 2 ; Pages: 1-15 ; Basel: MDPI

Classification
Wirtschaft
Subject
bank crisis
blockchain technology
complex system theory
financial markets regulatio
financial markets supervision

Event
Geistige Schöpfung
(who)
Łasak, Piotr
Wyciślak, Sławomir
Event
Veröffentlichung
(who)
MDPI
(where)
Basel
(when)
2022

DOI
doi:10.3390/risks10020033
Handle
Last update
10.03.2025, 11:42 AM CET

Data provider

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Object type

  • Artikel

Associated

  • Łasak, Piotr
  • Wyciślak, Sławomir
  • MDPI

Time of origin

  • 2022

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