Banks, banking systems, banking crises

Master's seminars

Study of the development of financial institutions, the emergence of modern financial systems (primarily in a Polish context, but also in a comparative context). Economic and political context of banking systems evolution. The legal and regulatory framework of the money market.

The emergence of modern commercial banking in the 19th century. World economy, national economic policy and models of commercial banks.

Banking systems: institutional-legal and organizational frameworks; banking system stability as a public wealth; the banking safety net. Historical financial crises.

The origins and evolution of central banks. The monetary policy of central banks 19-20 th century. The monetary system after Bretton Woods: new paradigms in economic policy, new goals of central bank policy.

Banking at the close of the 20th century. The financial capitalism, liberalization of financial markets, deregulations of banking systems. Changes in the banking systems of the East-European countries. Banking crises and restoration of banking systems. Global financial crisis 2007-2010: a subprime mortgage crisis; a “systemic risk”; the financial contagion; the impact of the crisis by transmitting the financial shocks to the whole global economy.

Adalet M., The Effect of Financial Structure on crises: Universal Banking in Interwar Europe, 2009, Working Paper 0910, Tusiad Koc University.

Baka W., Bankowość centralna. Funkcje, metody, organizacja, Warszawa 1998.

Baka W., Systemy gwarantowania depozytów w Polsce i na świecie, Warszawa 2005.

Bankowość na świecie i w Polsce. Stan obecny i tendencje rozwojowe, red. L. Oręziak, B. Pietrzak, Warszawa 2000.

Bordo M. D., MacDonald R., The Inter-War Gold Exchange Standard: Credibility and Monetary Independence, NBER, “Working Paper”, Aug. 2001, No. 8429.

Bordo M. D., The Lender of Last Resort: Alternative Views and Historical Experience, Federal Reserve Bank of Richmond, “Economic Review”, Jan./Feb.1990. http://richmondfed.org.publications/research.

Bordo M. D.., The Classical Gold Standard: Some Lessons for Today, Federal Reserve Bank of St. Louis, May 1981. www.research.stlouisfed.org/publicationas.

Bordo M., Eichengreen B., The Rise and Fall of a Barbarous Relic: The Role of Gold in the International Monetary System, NBER, Working Papers, 1998, No 6436.

Calomiris C., Gorton G., The Origins of Banking Panic: Models, Facts and Bank Regulation, University of Chicago Press, Chicago 1991.

Cameron R. (red.) Banking and Economics Development. Some Lessons from History, Oxford 1972.

Cameron R., Bovkin V. I.(red.), International Banking 1870-1914, New York 1991.

Capie F. H. (red.), History of Banking 1650-1850, London 1993.

Capie F., Key developments in the history of central banking, Joint Deutsche Bundesbank/Bank of Finland 2008.

Capie F., Goodhart Ch., Schnadt N., The development of central banking, Cambridge University Press 2012 (LSE Research Online).

Cull R., Senbel L., Sorge M., Deposit Insurance and Bank Intermediation in the Long Run, BIS Working Papers, July 2004, No 156.

De Soto H., Pieniądz, kredyt bankowy i cykle koniunkturalne, Instytut Ludwiga von Misesa, Warszawa 2011.

Działanie banków uniwersalnych. Wybrane problemy, pr. zb., AE Katowice 2000.

Economic crisis in Europe: causes, consequences and responses, “European Economy” 2009/7, European Commission 2009.

Eichengreen B., Sachs J., Exchange Rates and Economic Recovery in 1930s. NBER, Working Paper Series, 1984, No. 1984.

Eijffinger S., J. de Haan, The Political Economy of Central Bank Independence, Special Papers in International Economics, May 1996, no 19.

Finanse w niestabilnym otoczeniu – dylematy i wyzwania. Bankowość, red. I. Pyka, J. Cichorska, Zeszyty Naukowe Uniwersytetu Ekonomicznego w Katowicach, Katowice 2012.

Gruszczyński M., Kryzysy walutowe, bankowe i zadłużeniowe w gospodarce światowej, CeDeWu Warszawa 2013

Grzywacz J., Upadłość i sanacja banków w Polsce, IFGN SGH, Warszawa 1997.

Hryckiewicz-Gontarczyk A., Anatomia kryzysów bankowych, Poltext Warszawa 2014.

Iwanicz - Drozdowska M., Determinanty bezpieczeństwa banków w świetle analizy wybranych kryzysów bankowych, SGH Warszawa 2000.

Iwanicz-Drozdowska M. (red.), Kryzysy bankowe. Przyczyny i rozwiązania, PWE Warszawa 2002.

Kahn C., Santos J., Allocating bank regulatory powers: lender of last resort, deposit insurance and supervision, BIS Working Papers, Aug. 2001, No. 102

Kaminsky G., Currency and Banking Crises: The Early Warning of Distress, IMF Institute, Dec. 1999

Kaminsky G., The Twin Crisis: The Causes of Banking and Balance of Payments Problems, International Finance Discussion Papers, March 1996, No. 544.

Kindleberger Ch. P., Szaleństwo, panika, krach. Historia kryzysów finansowych, Warszawa 1999.

Kokoszczyński R., Pietrzak B.(red.), Bankowość centralna od A do Z, NBP Warszawa 2007

Krugman P., Currency Crises, The University of Chicago Press, Chicago and London 2000.

Kulawik J., Deregulacje systemów bankowych w wybranych krajach, „Bank i Kredyt” 2004/8.

Leszczyńska C., Polska polityka pieniężna i walutowa w latach 1924-1936. W systemie Gold Exchange Standard, WUW Warszawa 2013.

Małecki W., Sławiński A., Piasecki R., Żuławska U., Kryzysy walutowe, Warszawa 2001.

Morawski M., Historyczne źródła współczesnych systemów bankowych, Zeszyty Naukowe WSIiZ, Rzeszów 1998, nr 1.

Morawski W., Bankowość prywatna w II Rzeczypospolitej, SGH Warszawa 1996.

Morawski W., Zarys powszechnej historii pieniądza, bankowości i kredytu, TRIO, Warszawa 2002.

Nędzyński K., Rola złota w polityce pieniężnej. Teoria monetarna w modelu ekonomii podaży, Materiały i Studia NBP, 2003, nr 168.

Oręziak L., System bankowy Stanów Zjednoczonych – dotychczasowy rozwój i kierunki zmian „Bank i Kredyt” 2000, nr 4.

Reinhart C.M., Rogoff K. S., Banking Crises: An Equal Opportunity Menace, Harvard – NBER, 2008.

Rousseau P., Historical perspectives on financial development and economic growth, NBER Paper Series, no 9333, Nov. 2002.

Solarz J. K., Rozwój systemów bankowych, Warszawa 1996.

Solarz J., W poszukiwaniu modelu systemu bankowego dla Polski, MiS, 1994, nr 48.

Sołowij T., Rynek pieniężny i stopa procentowa w Polsce, Warszawa 1939.

Stefański M., Polski system bankowy w okresie transformacji (1996-2003) wybrane zagadnienia, BiK 2005/2.

Szczepańska O., Podstawowe przesłanki, założenia i struktura sieci bezpieczeństwa finansowego w świetle teorii i doświadczeń międzynarodowych, “Bezpieczny Bank” 2005, nr 1.

Szczepańska O., Sotomska-Krzysztofik P., Pawliszyn M., Banki centralne wobec kryzysów w systemie bankowym, „Materiały i Studia” NBP, 2004, z. 179.

Szczepańska O., Sotomska-Krzysztofik P., Pawliszyn M., Pawlikowski A., Instytucjonalne uwarunkowania stabilności finansowej na przykładzie wybranych krajów, „Materiały i Studia” NBP, 2004, z. 173.

The consequences of the global financial crisis. The rhetoric of reform and regulation, ed. W. Grant, G. K. Wilson, Oxford University Press, 2012.

Wyczański P., System bankowy w Polsce w latach 1989-1990, „Bank i Kredyt” 2007/2.

Żywiecka H., Przyczyny i mechanizmy kryzysów walutowych ze szczególnym uwzględnieniem znaczenia międzynarodowych przepływów kapitału, „Materiały i Studia” NBP 2002, z. 145.

KNOWLEDGE

Upon completing the course a student understands the process of forming of the historical and the modern financial institutions; the legal and regulatory framework of the banking systems. The student knows the theories and models explaining the reasons and mechanism of financial, banking and currency crises; understands the specifics of the financial and banking crises and their importance to the process of changes in the banking systems and to their legislative-institutional environment in the historical perspective.

SKILLS

A student should be able to interpret and formulate his own conclusions, based on critical analysis of sources, views of different authors, premises and arguments; to explain the influence of economic changes on the character and functions of financial institutions as well as the importance of these institutions for the development of the economies. The student is able to: perform an analysis of the financial, banking and currency crises; explain the mechanism of infecting and transferring the crises among the sectors of economy and the financial institutions.

OTHER COMPETENCIES

The course teaches to independently analyze problems, make public statements, discuss, criticize and defend one`s own views. Student should be able to critically analyze sources, interpret and formulate independent conclusions.

KW01, KW02, KW03, KU01, KU02, KU03, KK01, KK02, KK03

Assessment of the progress made by the seminar participants in their master thesis preparation (the plan of thesis, literature and current research analyses; the results of analysis; the final version of the thesis).