Bank Regulation The Case Of The Missing Model
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Bank Regulation The Case Of The Missing Model
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Author :
language : en
Publisher: World Bank Publications
Release Date :
Bank Regulation The Case Of The Missing Model written by and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.
Bank Regulation
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Author : Gerard Caprio (jr.)
language : en
Publisher:
Release Date : 1996
Bank Regulation written by Gerard Caprio (jr.) and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with categories.
Bank Regulation
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Author : Gerard Caprio
language : en
Publisher:
Release Date : 1996
Bank Regulation written by Gerard Caprio and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Legislacion bancaria categories.
Bank Regulation
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Author : Gerard Caprio
language : en
Publisher:
Release Date : 1999
Bank Regulation written by Gerard Caprio and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with categories.
February 1996 The success of financial reform and the stability of financial systems depend partly on a regulatory framework that rewards prudent risk-taking and is attuned to both institutions and the structure of the economy. Such a framework should be developed and reshaped while participants in the financial system are adjusting to changes in incentives. Financial reform of one type or another has been increasingly popular since the early 1970s, but disappointment with the fruits of reform has been common. Reformers in Africa and in transitional economies have been especially disappointed, perhaps because of their high expectations. Reform may also disappoint partly because of perverse sequencing. Often the more visible aspects of reform (such as complete deregulation of interest rates, recapitalization of banks, and more recently the creation of stock exchanges) are pursued before basic financial infrastructure (including auditing, accounting, and legal systems and basic regulations) are established. Caprio focuses here on regulatory options in banking. He argues that for reform to succeed and for financial systems to remain stable, there must be a regulatory framework that encourages prudent behavior and is attuned to both institutions and the structure of the economy. Bank failure may reflect poor management, but poor management in turn reflects regulation that is not incentive compatible. Caprio reviews options that would align bankers' incentives with society's preferences for safe and sound banking. Adopting a framework that rewards prudent risk-taking will produce a more stable banking system. And because participants in the financial system -- both individuals and organizations -- take time to adjust to changes in incentives, it is important to begin reshaping the regulatory environment early in the reform process, at the same time as other measures are being taken to develop institutions. This paper -- a product of the Finance and Private Sector Development Division, Policy Research Department -- was presented at a Brookings/KPMG conference on the Sequencing of Financial Reform.
Bank Regulation And The Network Paradigm
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Author : Patrick Honohan
language : en
Publisher: World Bank Publications
Release Date : 1996
Bank Regulation And The Network Paradigm written by Patrick Honohan and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Banking law categories.
Financial Stability Issues The Case Of East Asia
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Author : Mamiko Yokoi-Arai
language : en
Publisher: Kluwer Law International B.V.
Release Date : 2002-07-08
Financial Stability Issues The Case Of East Asia written by Mamiko Yokoi-Arai and has been published by Kluwer Law International B.V. this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-07-08 with Law categories.
Whatever can be said about the financial crises that have plagued East Asian countries since the early 1990s, it must be averred that they teach us a great deal. Many earlier assumptions about finance and investment have been called into question, and the field is more open than it has been in many decades to legal and economic analysis and theory. In particular, issues of financial sector reform have come into sharp focus. Here is a new proposal, solidly grounded in current reality, for a regional "zone of law" designed to supplement and benefit domestic reforms under way in Japan and the three emerging economies of Indonesia, South Korea, and Thailand. The author draws on a wide range of relevant material, including exploration of international standards and "best practices" in banking and finance, the experience of the U.S. and the U.K. in planning and implementing reform measures, and the theoretical literature respecting financial crises and what causes them. In this context, the specific reforms applied in the four Asian countries under consideration are discussed in detail, with "lessons to be learned" about crisis detection, containment, and prevention. During the course of the analysis, the author reveals fundamental policy areas where meaningful and effective reform can take place. Financial Stability Issues: The Case of East Asia offers numerous practical applications at the same time as it strikes a rich vein of theory in the field. Its fresh, sensible approach will be greatly appreciated, not only by academic theorists, but by hardheaded business people, policymakers, and regulators as well.
Challenges For Central Banking
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Author : Anthony M. Santomero
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-03-09
Challenges For Central Banking written by Anthony M. Santomero and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-03-09 with Business & Economics categories.
It may be possible to claim that, generally speaking, central banks around the world have never before held such a central and well-respected position in their respective countries as they hold now. Their tasks seem to be reasona bly well defined and the mandate given to them to guarantee price stability has so far worked more successfully than was perhaps expected. Inflation is lower than it has been for a long time. One central bank after the other has been given a position independent of normal party political processes. Re search concerning monetary policy and other topics of relevance for central banking has made good progress during the past decade. Much of the mys tique that has typically surrounded the internal work and decision-making of central banks has gradually disappeared. Instead, openness and transparency have become the key words of the day. The communication channels of central banks; speeches, inflation reports, minutes of meetings, etc. receive considerable attention and often give rise to headlines in the media. The en vironment in which central banks work and act today has thus undergone changes that in my view are very positive. However, we should always be on our guard against complacency. It would be most dangerous for central bankers today to sit back and relax in the belief that all of the important problems have been resolved and need no further consideration. Unless central bankers remain constantly alert and vigilant, their policy-making can easily deteriorate.
Global Capital And National Politics
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Author : Timothy Kessler
language : en
Publisher: Bloomsbury Publishing USA
Release Date : 1999-11-30
Global Capital And National Politics written by Timothy Kessler and has been published by Bloomsbury Publishing USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-11-30 with Business & Economics categories.
Kessler shows how political considerations distorted the liberalization process in Mexico, leading to inconsistent and unsustainable patterns of financial policy. Although market reform is promoted in developing countries to improve economic efficiency and stimulate growth, in Mexico financial liberalization provided rent-seeking opportunities for privileged groups and increased the states' ability to finance politically inspired obligations. The research examines four periods: the populist administrations of EcheverrÍa and Lopez Portillo, during which the foundations of modern financial markets were paradoxically laid; the debt-crisis years of de la Madrid, who reversed his party's political strategy by favoring the business class with financial opportunities; the economic transformation undertaken by Carlos Salinas, who mixed genuine reform with destabilizing anti-market measures; and the political watershed of the Zedillo administration, whose unpopular bank rescue gave opposition parties unprecedented power within Mexico's policy making process. Kessler also provides a comparison of financial collapse in two other emerging markets, South Korea and Russia, and examines the political roots of crisis in both countries. He concludes by suggesting how greater attention to questions of power, social organization, and challenges to state authority can help the policy-making community avoid giving well-meaning advice that is unlikely to be implemented in a sustainable way.
Globalization And Social Stress
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Author : Grzegorz W. Kołodko
language : en
Publisher: Nova Publishers
Release Date : 2005
Globalization And Social Stress written by Grzegorz W. Kołodko and has been published by Nova Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business & Economics categories.
Globalisation, like no other term, has gained in recent years a prominent position in nearly all branches of social science. Consequently, its definitions abound, also in economics -- a discipline to which it has a special relevance. In economic terms, Globalisation is the historical process of gradual, yet persistent liberalisation followed by the coalescence of the hitherto largely fragmented markets of goods, capital and labour into a single global market. The concurrent regional integration processes, should by no means be seen as a trend opposed to Globalisation, which they may even facilitate in some circumstances by moving integration to a higher level: from that of national economics up to that of international organisations, for instance, the EU integrating with NAFTA, ASEAN with CIS or Mercosur with Caricom. Thus defined Globalisation depends on a variety of circumstances and has numerous implications. It is an extremely dynamic and complex process which, therefore, allows of no unambiguous assessment. Globalisation is an irreversible process, although -- as the experience of the last two or three years has shown -- its progress can be significantly impeded in the short run by various kinds of political and economic shocks. So the idea is to follow an enlightened and wise development strategy and a well-co-ordinated policy -- in this case, on the international and global scale -- that would minimise the attendant problems and eliminate, as far as possible, the concomitant social stress. How to achieve this goal is the question the authors address in this volume.
Competition In Network Industries
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Author : Michael U. Klein
language : en
Publisher: World Bank Publications
Release Date : 1996
Competition In Network Industries written by Michael U. Klein and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Communication and traffic categories.