Determinants of Credit Risk Management in the Context of the Development of the Derivatives Market and the Cyclical Conjuncture Economic Processes

Dariusz Prokopowicz

Cardinal Stefan Wyszynski University,
Warsaw, Poland
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Sylwia Gwoździewicz

Jacob of Paradies University
Gorzow Wielkopolski, Poland
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Abstract

The development of financial systems is shaped by the high level of the global economy situation changeability indirectly influenced by interventionist economic policies as well as financial crisis and state of finances of a given country. The attempts undertaken by particular governments to activate economic growth indirectly contributed to the growth of investment and credit risk as well as to creating speculation bubbles in the capital markets stocks. The latest global financial crisis from 2008 was an effect of increasing discrepancy, mismatch between that fast growth of financial instruments including credit financial instruments and the matter of improvement of credit risk management process connected with concluding transactions based on those instruments. In this dissertation, there is a growth of the significance of the credit risk management improvement presented in the context of appearing temporarily financial crisis and thus undertaken interventionist anti-cyclic economic policy.

Keywords: bank, banking, derivative instruments, economic situation, economic policy, risk, financial, credit markets, financial crisis, management.
JEL Codes: G32, E44.


 

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