The International Monetary Fund (IMF) is a pivotal multilateral institution in global economic governance tasked with ensuring monetary stability and preventing financial crises through promoting balanced trade, economic growth and poverty reduction. IMF research and expertise also play a...

This book offers the first systematic discussion of a new and promising field: the economics of independence, accountability and governance of financial supervision institutions. For a long time the design of supervision had been an irrelevant issue, both in theory and practice. This perception...