Similar Search Results

The Bank Lending Channel of Monetary Transmission; Does it Work in Turkey?

Brooks, Petya Koeva - International Monetary Fund (IMF) - 2007

on loan supply in Turkey. This suggests that the effect of monetary policy in Turkey can be propagated by the banking …

Persistent link: https://www.econbiz.de/10005248226

The Accountability of Financial Sector Supervisors; Principles and Practice

Taylor, Michael; Quintyn, Marc; Hüpkes, Eva H. G. - International Monetary Fund (IMF) - 2005

Policymakers' uneasiness about granting independence to financial sector regulators stems to a large extent from the lack of familiarity with, and elusiveness of, the concept of accountability. This paper gives operational content to accountability and argues that it is possible to do so in a...

Persistent link: https://www.econbiz.de/10005825809

The Fear of Freedom; Politicians and the Independence and Accountability of Financial Sector Supervisors

Taylor, Michael; Quintyn, Marc; Ramirez, Silvia - International Monetary Fund (IMF) - 2007

Compared with the case of central bank independence, independence for financial sector supervisors remains more controversial. This paper analyzes changes in independence and accountability arrangements in a set of 32 countries that overhauled their legal and/or institutional frameworks for...

Persistent link: https://www.econbiz.de/10005768825

The New Capital Adequacy Framework; Institutional Constraints and Incentive Structures

Karacadag, Cem; Taylor, Michael - International Monetary Fund (IMF) - 2000

This paper considers the implementation challenges facing the Basel Committee’s new proposals on bank capital standards. When compared with the existing Capital Accord, the proposals represent a shift across two intersecting dimensions—regulatory versus economic capital, and rules-based...

Persistent link: https://www.econbiz.de/10005768910

Whatâ€™S the Damage? Medium-Term Output Dynamics After Banking Crises

Abiad, Abdul; Brooks, Petya Koeva; Tytell, Irina; … - International Monetary Fund (IMF) - 2009

This paper investigates the medium-term behavior of output following banking crises, and its association with pre- and … post-crisis conditions and policies. We find that output tends to be depressed substantially following banking crises, with … associated with medium-run output losses include the short-run change in output, the occurrence of a joint banking …

Persistent link: https://www.econbiz.de/10008540924

Modeling with Macro-Financial Linkages; Credit and Policy Shocks in Emerging Markets

Benes, Jaromir; Ötker, Inci; Vávra, David - International Monetary Fund (IMF) - 2009

This paper develops a stylized, small, open economy macro model that incorporates an explicit and non-trivial role for financial intermediation. It illustrates how such a model could be used for policy analysis in an emerging market economy where policymakers are concerned about risks associated...

Persistent link: https://www.econbiz.de/10008528675

The Design and Implementation of Deposit Insurance Systems

Hoelscher, David S.; Taylor, Michael; Klueh, Ulrich H. - International Monetary Fund (IMF) - 2006

This paper describes recently established deposit insurance systems, identifying emerging trends. In line with previous IMF work on the subject, it argues against the development of "best practices" applicable to all systems. Rather, it stresses the importance of incorporating each...

Persistent link: https://www.econbiz.de/10005590854

Issues in the Unification of Financial Sector Supervision

Abrams, Richard K.; Taylor, Michael - International Monetary Fund (IMF) - 2000

The paper considers the generic arguments for and against the creation of a unified regulatory agency, covering each of the main types of financial institutions (banks, insurers and securities firms). The strongest arguments for unification are the enhanced oversight of financial conglomerates...

Persistent link: https://www.econbiz.de/10005599474

The Performance of Indian Banks During Financial Liberalization

Brooks, Petya Koeva - International Monetary Fund (IMF) - 2003

This paper provides new empirical evidence on the impact of financial liberalization on the performance of Indian commercial banks. The analysis focuses on examining the behavior and determinants of bank intermediation costs and profitability during the liberalization period. The empirical...

Persistent link: https://www.econbiz.de/10005599475

Financial Supervisory Independence and Accountability-Exploring the Determinants

Masciandaro, Donato; Quintyn, Marc; Taylor, Michael - International Monetary Fund (IMF) - 2008

We analyze recent trends in, and determinants of, financial supervisory governance. We first calculate levels of supervisory independence and accountability in 55 countries. The econometric analysis of the determinants indicates that the quality of public sector governance plays a decisive role...

Persistent link: https://www.econbiz.de/10010790276