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Quality of Financial Sector Regulation and Supervision Around the World
Cihák, Martin; Tieman, Alexander F. - International Monetary Fund (IMF) - 2008
supervisory implementation, making use of data from IMF-World Bank assessments of compliance with international standards and … systems. We find that countries' regulatory frameworks score on average one notch below full compliance with the standards (on …
Persistent link: https://www.econbiz.de/10005264124
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Competition among Exchanges and Enforcement Policy
Caglio, Cecilia; Pescatori, Andrea - International Monetary Fund (IMF) - 2013
In this paper, we explore how competition among stock exchanges, operated as self-regulatory organizations (SROs), affects the design of their members' surveillance. We develop a model where two for-profit SROs compete for trading volume, while brokers execute transactions on behalf of the...
Persistent link: https://www.econbiz.de/10010790248
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Assessing the Cost of Financial Regulation
Elliott, Douglas; Santos, Andre - International Monetary Fund (IMF) - 2012
This study assesses the overall impact on credit of the financial regulatory reforms in Europe, Japan, and the United States. Long-term cost estimates are provided for Basel III capital and liquidity requirements, derivatives reforms, and higher taxes and fees. Overall, average lending rates in...
Persistent link: https://www.econbiz.de/10010790407
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Rules, Discretion, and Macro-Prudential Policy
Agur, Itai; Sharma, Sunil - International Monetary Fund (IMF) - 2013
-prudential rules is complicated by the difficulties in detecting and measuring systemic risk. The paper suggests that oversight is best …
Persistent link: https://www.econbiz.de/10010790438
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Financial System Standards and Financial Stability; The Case of Basel Core Principles
Marston, David - International Monetary Fund (IMF) - 2001
The relationship between the observance of financial system standards and financial stability is complex owing to the … multitude of macroeconomic and structural factors affecting stability. Therefore, assessments of standards in terms of technical …
Persistent link: https://www.econbiz.de/10005264028
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Regulatory Capture in Banking
International Monetary Fund (IMF); International … - 2006
Banks will want to influence the bank regulator to favor their interests, and they typically have the means to do so. It is shown that such "regulatory capture" in banking does not imply ineffectual regulation; a "captured" regulator may impose very tight, costly prudential requirements to...
Persistent link: https://www.econbiz.de/10005264136
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A U.S. Financial Conditions Index; Putting Credit Where Credit is Due
Swiston, Andrew - International Monetary Fund (IMF) - 2008
(FCI). Credit availability—proxied by survey results on lending standards—is an important driver of the business cycle …, accounting for over 20 percent of the typical contribution of financial factors to growth. A net tightening in lending standards …
Persistent link: https://www.econbiz.de/10005826027
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The Volatility Costs of Procyclical Lending Standards; An Assessment Using a Dsge Model
Sgherri, Silvia; Gruss, Bertrand - International Monetary Fund (IMF) - 2009
procyclicality in lending standards by affecting the behavior of banks’ capital buffers. This paper uses a two-country DSGE model …
Persistent link: https://www.econbiz.de/10005826640
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The Link Between Adherence to International Standards of Good Practice, Foreign Exchange Spreads, and Ratings
Tiffin, Andrew; Mulder, Christian B.; Christofides, … - International Monetary Fund (IMF) - 2003
This paper examines the relationship between adherence to international standards of good practice in policy-making and … other work, this study reviews a broad set of indicators for adherence to international standards. The estimations are … nonlinearities in the relationships. The main finding confirms the expectation that standards are indeed relevant. Accounting …
Persistent link: https://www.econbiz.de/10005769141
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The Millennium Development Goals, Capacity Building, and the Role of the IMF
Hakura, Dalia; Nsouli, Saleh M. - International Monetary Fund (IMF) - 2003
The Millennium Development Goals (MDGs) represent a global commitment to improve economic and social conditions in low-income countries. Capacity building is key to promoting higher economic growth, which, in turn, is an important prerequisite for making progress toward the MDGs. This paper uses...
Persistent link: https://www.econbiz.de/10005769196