The Role of Prudential Supervision and Financial Restructuring of Banks During Transition to Direct Instruments of Monetary Control
Author: V. Sundararajan
Publisher:
Published: 1996
Total Pages: 0
ISBN-13:
DOWNLOAD EBOOKPosts
The Role of the Prudential Supervision and Financial Restructuring of Banks During Transition to Indirect Instruments of Monetary Control
Author: International Monetary Fund
Publisher: International Monetary Fund
Published: 1996-11-01
Total Pages: 30
ISBN-13: 1451935455
DOWNLOAD EBOOKThis paper proposes a stylized sequencing of banking supervision and bank restructuring measures designed to complement and expedite the adoption of indirect instruments of monetary policy. Appropriate sequencing reflects both operational considerations and macroeconomic effects of structural measures. It typically involves implementing initially a critical mass of reforms of prudential supervision and of financial structure of both banks and enterprises, and subsequently adapting and refining these measures in line with the evolution of markets and internal governance. This approach facilitates implementation because the initial cost of bank restructuring can be offset, partly, through the budgetary effects of improved enterprise finances.
The Role of Prudential Supervision and Financial Restructuring of Banks During Transition to Indirect Instruments of Monetary Control
Author: V. Sundararajan
Publisher:
Published: 1996
Total Pages: 40
ISBN-13:
DOWNLOAD EBOOKThe Evolving Role of Central Banks
Author: Patrick Downes
Publisher: International Monetary Fund
Published: 1991
Total Pages: 472
ISBN-13: 1455240605
DOWNLOAD EBOOKCentral Banks should enjoy a fair degree of autonomy in pursuing price stability to promote long-run growth and prosperity. This volume, edited by Patrick Downes and Reza Vaez-Zadeh, contains the papers presented at the fifth IMF seminar on central banking issues in November 1990. The theme was the interdependence of central bank functions and the role of central bank autonomy.
Prudential Regulation of Banks in Less Developed Economies
Author: Syed Mansoob Murshed
Publisher:
Published: 2000
Total Pages: 56
ISBN-13:
DOWNLOAD EBOOKMacroprudential Banking Supervision & Monetary Policy
Author: Luca Amorello
Publisher: Springer
Published: 2018-08-27
Total Pages: 413
ISBN-13: 3319941569
DOWNLOAD EBOOKThe European experience suggests that the efforts made to achieve an efficient trade-off between monetary policy and prudential supervision ultimately failed. The severity of the global crisis have pushed central banks to explore innovative tools—within or beyond their statutory constraints—capable of restoring the smooth functioning of the financial cycle, including setting macroprudential policy instruments in the regulatory toolkit. But macroprudential and monetary policies, by sharing multiple transmission channels, may interact—and conflict—with each other. Such conflicts may represent not only an economic challenge in the pursuit of price and financial stability, but also a legal uncertainty characterizing the regulatory developments of the EU macroprudential and monetary frameworks. In analyzing the “legal interaction” between the two frameworks in the EU, this book seeks to provide evidence of the inconsistencies associated with the structural separation of macroprudential and monetary frameworks, shedding light upon the legal instruments that could reconcile any potential policy inconsistency.
Sequencing Financial Sector Reforms
Author: International Monetary Fund
Publisher: International Monetary Fund
Published: 1991-03-15
Total Pages: 412
ISBN-13: 9781557757791
DOWNLOAD EBOOKFinancial sector liberalization can spur economic growth and development, but reforms to liberalize the financial sector can also entail risks if they are not properly designed and implemented. One of the central questions for countries reforming their financial systems is how to sequence the reforms so as to maximize the benefits of liberalization and contain its risks. Edited by R. Barry Johnston and V. Sundararajan of the IMF's Monetary and Exchange Affairs Department, this book attempts to answer this and related questions by drawing lessons from financial sector reforms in selected countries. In particular, the book surveys financial sector reforms in Indonesia, Thailand, and Korea between the mid-1980s and mid-1990s.
Prudential Regulation and Banking Supervision
Author: Vincent P. Polizatto
Publisher: World Bank Publications
Published: 1990
Total Pages: 37
ISBN-13:
DOWNLOAD EBOOKTo establish an effective program of banking supervision and prudential regulation, the public policy role of bank supervision must be clearly defined and understood and actions taken along several parallel tracks to strengthen the bank supervisory process, the legal framework, accounting and auditing, and the institutions themselves.
IMF Staff papers
Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
Published: 1995-01-01
Total Pages: 244
ISBN-13: 1451957068
DOWNLOAD EBOOKThis paper provides a critical survey of the literature on politico-institutional determinants of the government budget. We organize our discussion around two questions: Why did certain OECD countries, but not others, accumulate large public debts? Why did these fiscal imbalances appear in the last twenty years rather than sooner? We begin by discussing the “tax smoothing” model and conclude that this approach alone cannot provide complete answers to these questions. We then proceed to a discussion of political economy models, which we organize into six groups: (1) models based upon opportunistic policy makers and naive voters with “fiscal illusion”; (2) models of intergenerational redistributions; (3) models of debt as a strategic variable, linking the current government with the next one; (4) models of coalition governments; (5) models of geographically dispersed interests; and (6) models emphasizing the effects of budgetary institutions. We conclude by briefly discussing policy implications.
Achieving Financial Stability: Challenges To Prudential Regulation
Author: Douglas D Evanoff
Publisher: World Scientific
Published: 2017-09-22
Total Pages: 385
ISBN-13: 9813223413
DOWNLOAD EBOOKThe Great Financial Crisis of 2007-2010 exposed the existence of significant imperfections in the financial regulatory framework that encouraged excessive risk-taking and increased system vulnerabilities. The resulting high cost of the crisis in terms of lost aggregate income and wealth, and increased unemployment has reinforced the need to improve financial stability within and across countries via changes in traditional microprudential regulation, as well as the introduction of new macroprudential regulations. Amongst the questions raised are:
