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Regulation and Supervision : An Ethical Perspective

Kane, Edward J. - 2008

This essay shows that government credit-allocation schemes generate incentive conflicts that undermine the quality of bank supervision and eventually produce banking crisis. For political reasons, most countries establish a regulatory culture that embraces three economically contradictory...

Persistent link: https://www.econbiz.de/10012772313

Ethical Foundations of Financial Regulation

Kane, Edward J. - 2008

Regulation consists of rulemaking and enforcement. Economic theory offers two complementary rationales for regulating … arise in multi- party relationships and that regulation introduces opportunities to impose rules that enhance the welfare of … discretion and choose actions for the common good. Agency-cost theories portray regulation as a way to raise the quality of …

Persistent link: https://www.econbiz.de/10012774887

Using Deferred Compensation to Strengthen the Ethicsof Financial Regulation

Kane, Edward J. - 2001

Defects in the corporate governance of government-owned enterprises tempt opportunistic officials to breach duties of public stewardship. Corporate-governance theory suggests that incentive-based deferred compensation could intensify the force that common-law duties actually exert on regulatory...

Persistent link: https://www.econbiz.de/10012787637

Eurosystem monetary targeting : lessons from US data

Rudebusch, Glenn D.; Svensson, Lars E. O. - In: European economic review : EER 46 (2002) 3, pp. 417-442

Persistent link: https://www.econbiz.de/10001704990

Ever closer to heaven? : An optimum-currency-area index for European countries

Bayoumi, Tamim A. - In: European economic review : EER 41 (1997) 3, pp. 761-770

Persistent link: https://www.econbiz.de/10001224876

The political economy of fiscal restrictions : implications for Europe from the United States

Eichengreen, Barry - In: European economic review : EER 38 (1994) 3, pp. 783-791

Persistent link: https://www.econbiz.de/10001163130

Fixed exchange rates as a means to price stability : what have we learned?

Svensson, Lars E. O. - In: European economic review : EER 38 (1994) 3, pp. 447-468

Persistent link: https://www.econbiz.de/10001163239

European exchange rate credibility before the fall

Rose, Andrew - In: European economic review : EER 38 (1994) 6, pp. 1185-1216

Persistent link: https://www.econbiz.de/10001332258

Safety-Net Benefits Conferred on Difficult-to-Fail-And-Unwind Banks in the Us and EU Before and During the Great Recession

Carbo-Valverde, Santiago - 2011

This paper models and estimates ex ante safety-net benefits at a sample of large banks in US and Europe during 2003-2008. Our results suggest that difficult-to-fail and unwind (DFU) banks enjoyed substantially higher ex ante benefits than other institutions. Safety-net benefits prove...

Persistent link: https://www.econbiz.de/10013130253

Eurosystem Monetary Targeting : Lessons from U.S. Data

Rudebusch, Glenn D. - 2010

Using a small empirical model of inflation, output, and money estimated on U.S. data, we compare the relative performance of monetary targeting and inflation targeting. The results show that monetary targeting would be quite inefficient, with both higher inflation and output variability. This is...

Persistent link: https://www.econbiz.de/10013137167