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governance. This form of oversight is the decision-making responsibility through which an internal body of the central bank …-the Oversight Board-ensures that the central bank is well-managed. First, the paper will contextualize the role of Board oversight … into the broader legal structure for central bank governance by considering this form of oversight as one of the core …
Persistent link: https://www.econbiz.de/10012155156
banks and bank supervision agencies worldwide. Women occupied less than 2 percent of bank CEOs positions, and less than 20 …, many low- and middle-income countries have a higher share of women in bank boards and banking supervision agency boards … compared to advanced economies. Econometric analysis suggests that, controlling for relevant bank and country-specific factors …
Persistent link: https://www.econbiz.de/10011742835
Persistent link: https://www.econbiz.de/10010441888
Sound corporate governance is essential for a well-functioning banking system and the integrity of financial markets. The paper discusses the corporate governance of Italian banks, its regulatory framework, and the specific challenges arising from the role played by foundations and large...
Persistent link: https://www.econbiz.de/10014411639
We model an economy in which domestic banks and firms face incentive constraints, as in Holmstrom and Tirole (1997). Firms borrow from banks and uninformed investors, and can collude with banks to reduce the intensity of monitoring. We study the general equilibrium effects of capital flows...
Persistent link: https://www.econbiz.de/10014400135
This paper assesses the impact of the geographic diversification of bank holding company (BHC) assets across the United … States on their market valuations. Using two novel identification strategies based on the dynamic process of interstate bank …
Persistent link: https://www.econbiz.de/10014396954
Chile offers an example of a country that has overcome the fear of floating by reducing balance sheet mismatches, enhancing financial market development, as well as improving monetary, fiscal, and political institutions, and strengthening policy credibility. Under the floating regime, Chile's...
Persistent link: https://www.econbiz.de/10012252010
We provide a multidimensional characterization of monetary policy frameworks across three pillars: Independence and Accountability, Policy and Operational Strategy, and Communications (IAPOC). We construct the IAPOC index by analyzing central banks' laws and websites for 50 advanced economies,...
Persistent link: https://www.econbiz.de/10013170321
and monetary policy. When a central bank is in charge of price and financial stability, a new time inconsistency problem … may arise. Ex-ante, the central bank chooses the socially optimal level of inflation. Ex-post, however, the central bank …
Persistent link: https://www.econbiz.de/10009615326
Is the Mundell-Fleming trilemma alive and well? International co-movement of asset prices takes place alongside synchronized business cycles, complicating the identification of financial spillovers and assessments of monetary policy autonomy. A benchmark for interest rate comovement is to impose...
Persistent link: https://www.econbiz.de/10011711466