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The relationship between governance, bank risks and financial stability

Abstract : The collapse of the iconic US investment bank Lehmann Brothers in September 2008 had an enormous impact on the financial markets and the global economy by eroding citizens' trust in their institutions, banking system, and overal financial stability. The main aim of this thesis is to highlight the potential risks for financial stability from two perspectives,first related to cultural diversity and second related to the possible disruption in the financial system due to the rise of new technology, FinTech. The effect of cultural aspects on financial stability literature has been neglected; thus, the first chapter looks at the potential cultural effects on systemic risk measures across developed and developing countries.On the other hand, the lack of trust in the banking system instilled after 2008 led to the rise of the new technology intended to reshape consumer finance. Bitcoin, first designed as an electronic version of cash, free of government and central bank control, has become a global phenomenon that could have serious implications for financial stability. The following three chapters zoom in on the topics related to Bitcoin for a particular country, Canada. Bitcoin and its siblings could affect the core functions of the central banks related to the production and distribution of banknotes. Accordingly,the second chapter analyzes the impact of Bitcoin ownership on cash usage using survey data. The third chapter looksat the potential mechanisms behind the future evolution of Bitcoin adoption. Finally, the fourth chapter highlights the dynamics of Bitcoin awareness, adoption, and usage among the Canadian population over the 2016-2020 period.
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Submitted on : Monday, May 23, 2022 - 8:17:40 AM
Last modification on : Tuesday, May 24, 2022 - 3:49:03 AM


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  • HAL Id : tel-03675210, version 1



Daniela Balutel. The relationship between governance, bank risks and financial stability. Economics and Finance. Université d'Orléans; Universitatea Alexandru Ioan Cuza (Iaşi, Roumanie), 2021. English. ⟨NNT : 2021ORLE3139⟩. ⟨tel-03675210⟩



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