Finanzierungsstabilität

Finanzierungsstabilität refers to the resilience of the financial system against shocks that could impair its ability to intermediate funds between savers and borrowers. It encompasses the soundness of individual financial institutions, the proper functioning of financial markets, and the overall stability of the financial infrastructure. A stable financial system ensures that credit flows smoothly, payments are processed reliably, and assets can be priced efficiently, all of which are crucial for economic growth and stability.

Disruptions to Finanzierungsstabilität can manifest in various forms, such as bank runs, liquidity crises, market freezes, or a collapse in asset values. These events can have severe consequences, leading to recessions, job losses, and a loss of confidence in the financial system. Therefore, maintaining Finanzierungsstabilität is a primary objective for policymakers and regulatory authorities worldwide.

Various measures are employed to promote Finanzierungsstabilität. These include prudential regulation and supervision of financial institutions, such as capital requirements and liquidity rules, designed to ensure they can withstand adverse economic conditions. Central banks play a vital role through their lender-of-last-resort function, providing liquidity to solvent institutions facing temporary distress. Furthermore, robust payment and settlement systems are essential for the smooth functioning of financial transactions. International cooperation and the development of macroprudential policies, which focus on systemic risks, are also key components in safeguarding Finanzierungsstabilität.