Perspectives of Financial Stability as an Implicit Economic Policy Goal
Paweł Błaszczyk, Sławomir Zwierzchlewski
Abstract
The main aim of this article is to answer a question whether financial stability belongs to the domain of the public
good and in what way it should be provided by the state, especially in the face of a financial crisis. A financial
crisis has once again become a stimulus to starting a discussion concerning the challenges that financial stability
has to face as a goal of the economic policy. Above all, a question appears whether the significance of this aim
should go up in the hierarchy of the economic policy, especially by specifying it more explicitly. The abovepresented
aim determines the layout of the article, which consists of two fundamental parts. Part one (section 2)
presents the conception of financial stability and verifies the thesis that financial stability serves as a public good.
Furthermore, the authors point out to the consequences of that thesis, especially with reference to the economic
policy goals. Part two (section 3) offers a discussion on the methods, instruments and mechanisms of providing
financial stability by public institutions.
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