Narrow search
Showing 1 - 10 of 178
Cover Image
Governance of Financial Supervisors and its Effects – a Stocktaking Exercise
Quintyn, Marc - 2007
The attention for the governance of financial sector supervisors is of a recent date. The debate has risen to the fore as part of the wider discussion about the appropriate institutional organization of financial supervision and the drive for compliance with international best practices in the...
Persistent link: https://www.econbiz.de/10011689931
Cover Image
On cheating and whistleblowing
Berentsen, Aleksander; Brügger, Esther; Lörtscher, Simon - 2004
We study the role of whistleblowing in the following inspection game. Two agents who compete for a prize can either … a unique Bayesian equilibrium in mixed strategies. We then add a whistleblowing stage, where the controller asks the …. Whistleblowing reduces the frequencies of cheating, is less costly in terms of test frequencies, and leads to a strict Pareto …
Persistent link: https://www.econbiz.de/10011428761
Cover Image
The mandate of the ECB: Legal considerations in the ECB's monetary policy strategy review
Ioannidis, Michael; Hlásková Murphy, Sarah Jane; … - 2021
This paper offers an overview of the mandate of the European Central Bank (ECB), as defined by its objectives, the instruments available to achieve them and the constitutional framework that the ECB shall observe in pursuing them. The objectives include the primary objective of maintaining price...
Persistent link: https://www.econbiz.de/10012661658
Cover Image
Macroprudential policy at the ECB: Institutional framework, strategy, analytical tools and policies
Cabral, Inês; Detken, Carsten; Fell, John P. C.; … - 2019
This occasional paper describes how the financial stability and macroprudential policy functions are organised at the ECB. Financial stability has been a key policy function of the ECB since its inception. Macroprudential policy tasks were later conferred on the ECB by the Single Supervisory...
Persistent link: https://www.econbiz.de/10012141424
Cover Image
Globale Krise und Herausforderung für Österreich
Aiginger, Karl - 2009
Die Weltwirtschaft ist 2009 zum ersten Mal seit Mitte des vorigen Jahrhunderts nicht gewachsen. Die Wirtschaftsleistung dürfte um 2% zurückgegangen sein, in den Industrieländern um 3,5%. Dies war die Folge der Finanzkrise, sie hat zu einem Einbruch des Welthandels mit Folgen auf alle...
Persistent link: https://www.econbiz.de/10011379789
Cover Image
Which Growth Model for Central and Eastern Europe after the Crisis?
Landesmann, Michael A. - 2010
This Policy Brief discusses the growth prospects of the Central and Eastern European (CEEC) region following the current economic crisis. It argues that the 'integration model of growth' of the CEEC region was characterised by a very high degree of external liberalisation. In one group of...
Persistent link: https://www.econbiz.de/10011379790
Cover Image
Assessing contagion risks from the CDS market
Brunnermeier, Markus; Clerc, Laurent; El Omari, Yanis; … - 2013
Over the past few years the CDS market's role has evolved from mostly providing default protection towards credit risk trading. The first-ever credit event in a developed country's sovereign CDS has further highlighted the importance of the CDS market from a macro-prudential perspective....
Persistent link: https://www.econbiz.de/10011984875
Cover Image
Indicators for the monitoring of central counterparties in the EU
Alfranseder, Emanuel; Fiedor, Paweł; Lapschies, Sarah; … - 2018
This ESRB Occasional Paper complements the publication of indicators on central counterparties (CCPs) in the ESRB's Risk Dashboard as part of its monitoring framework. It provides a methodological background to the development of the individual measures and discusses different aspects that...
Persistent link: https://www.econbiz.de/10011984885
Cover Image
From the horse’s mouth: surveying responses to stress by banks and insurers
Brinkhoff, Jeroen; Langfield, Sam; Weeken, Olaf - 2018
Existing stress tests do not capture feedback loops between individual institutions and the financial system. To identify feedback loops, the European Systemic Risk Board has developed macroprudential surveys that ask banks and insurers how they would behave in a macroeconomic stress scenario....
Persistent link: https://www.econbiz.de/10011984886
Cover Image
Supervisory Systems, Fiscal Soundness and International Capital Movement: More Challenges for new EU Members
Grünbichler, Andreas; Darlap, Patrick; Salo, Sinikka; … - 2004
On May 1, 2004, ten countries in Central, Eastern and Southern Europe will become full members of the EU. The parliaments and monetary authorities of the ten accession countries have already to a large extent adapted their legal and institutional structures to the new Europe-wide environment....
Persistent link: https://www.econbiz.de/10011689912