The Role of the Precautionary Principle in Mitigating Financial and Banking Crisis

Komandoko, Kukuh. The Role of the Precautionary Principle in Mitigating Financial and Banking Crisis, International Journal of Innovative Science and Research Technology 5, no. 10 (2020).

6 Pages Posted: 1 Feb 2021

See all articles by Kukuh Komandoko

Kukuh Komandoko

University of Indonesia (UI); HWMA Law Firm

Date Written: October 10, 2020

Abstract

The theory of the precautionary principle has developed. In its implementation, the precautionary principle is used to deal with hazards in the environmental fields and has been widely used in health and food technology. In general, the precautionary principle is understood as making decisions in encountering threats or situations that are dangerous and uncertain. Likewise, the financial and banking crisis is a phenomenon that dangerous and often threatens the stability of a state. In extreme cases, crises create a panic that makes no sense or can even be made the economy of the state to collapse. This article will discuss the precautionary principle theory and its role in mitigating the threat of a financial and banking crisis.

Keywords: Banking Crisis, Emergency, Law Principle, Precautionary Principle, Prevention

JEL Classification: K19, K20, K39, E60, G01, G28

Suggested Citation

Komandoko, Kukuh, The Role of the Precautionary Principle in Mitigating Financial and Banking Crisis (October 10, 2020). Komandoko, Kukuh. The Role of the Precautionary Principle in Mitigating Financial and Banking Crisis, International Journal of Innovative Science and Research Technology 5, no. 10 (2020)., Available at SSRN: https://ssrn.com/abstract=3735139

Kukuh Komandoko (Contact Author)

University of Indonesia (UI) ( email )

Jl. Prof. Sumitro Djojohadikusumo
Depok, DKI 16424
Indonesia

HWMA Law Firm ( email )

ITS Office Tower Fl 8-9
Nifarro Park Ps. Minggu
Jakarta, DKI Jakarta 12510
Indonesia

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