Autore
Masciandaro, Donato

Titolo
Monetary policy and banking supervision: still at arm's length? A comparative analysis
Periodico
European Journal of Comparative Economics
Anno: 2012 - Volume: 9 - Fascicolo: 3 - Pagina iniziale: 349 - Pagina finale: 366

By the early 2000s an increasing number of countries had adopted a well-defined central bank framework, characterized by two intertwined features: stronger specialization for the banking authority in achieving monetary policy goals, and a lessening of its traditional responsibilities for the safeguard of financial stability within its institutional perimeter. The fundamental effect was that Central Bank Involvement in Supervision (CBIS) generally decreased. But then, after the Financial Crisis erupted in 2008, reforms have been undertaken and projects are being discussed to reconsider the role of the central bank in the field of supervisory tasks. The main research question is then: how is CBIS moving? This article offers two contributions. Firstly, the economics of the relationship between central banking, monetary policy and banking supervision is reviewed. Secondly, the current situation of CBIS in 88 countries around the world is analyzed.



SICI: 1824-2979(2012)9:3<349:MPABSS>2.0.ZU;2-H
Testo completo: http://eaces.liuc.it/Default.asp?tipo=articles&identifier=ejce:18242979/2012/03/02

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