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Central banks’ economic and political importance has grown in advanced economies since the start of the Great Financial Crisis in 2007. An unwillingness or inability of governments to use countercyclical fiscal policy has made monetary policy the only stabilization tool in town. However, much...
Persistent link: https://www.econbiz.de/10011114270
legislative framework. This article looks into the claim that the FSA model has improved in terms of accountability in comparison …, reports and other sources, an assessment can be made as to whether the FSA provides more accountability. Evidence provided … here supports the conclusion that the FSA is both equipped with better accountability mechanisms and executes its functions …
Persistent link: https://www.econbiz.de/10005621440
capable of conferring greater flexibility, compliance, enforcement and accountability. The setting of standards with „an …
Persistent link: https://www.econbiz.de/10009207095
In accordance with the proposals presented by the report of the high level group of experts, chaired by Mr Jacques de Larosière (2009), the objective of establishing a more efficient, integrated and sustainable European system of supervision became essential. Considering the fact, that...
Persistent link: https://www.econbiz.de/10011110227
Text presented at the 19ª Asamblea Anual del Grupo Regional de América Latina y el Caribe (GRULAC), of the World Savings Banks Institute, La Habana, Cuba, 4-5 November 2013. It mentions some of the more recent international reform initiatives in particular those linked to the Basel Committee...
Persistent link: https://www.econbiz.de/10011257769
This review of the book “The Challenge of Financial Stability: A New Model and its Applications” by Goodhart C.A.E. and Tsomocos D.P. highlights the potential of the framework of strategic partial default of banks with credit chain on the interbank market for further theoretical and applied...
Persistent link: https://www.econbiz.de/10011258188
In Hungary in the pre-crisis period the bank sector initiated private credit boom significantly contributed to the accumulation of economic imbalances. Nevertheless, before the 2008 crisis no special regulatory measure was taken to mitigate the FX lending to unhedged borrowers, which was one of...
Persistent link: https://www.econbiz.de/10011259446
This paper while emphasising the importance of the concept of financial stability in the wake of recent global financial crisis attempts to highlight the significance of the soundness of banking sector in emerging economies where banking sector constitutes a lion’s share in the financial...
Persistent link: https://www.econbiz.de/10011259894
This paper while emphasising the importance of the concept of financial stability in wake of recent global financial crisis in particular and other (banking and financial) crises in general attempts to highlight the significance of the soundness of banking sector in emerging economies where...
Persistent link: https://www.econbiz.de/10011260876
In crisis times, depositors get anxious, can run on banks, and withdraw their deposits. Correlated deposit withdrawals of bank deposits could be mitigated if bank deposits are more diversified, i.e. held by more individuals. This paper examines the link between a broader access to bank deposits...
Persistent link: https://www.econbiz.de/10011113764