Banking supervision in integrated financial markets: implications for the EU
I analyze the optimal design of banking supervision in the presence of cross-border lending. Cross-border lending could imply that an individual bank failure in one country could trigger negative spillover effects in another country. Such cross-border contagion effects could turn out to be important...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Munich
CES
2002
Munich Ifo |
| Schriftenreihe: | CESifo working papers
812 : Monetary policy and international finance |
| Schlagworte: | |
| Zusammenfassung: | I analyze the optimal design of banking supervision in the presence of cross-border lending. Cross-border lending could imply that an individual bank failure in one country could trigger negative spillover effects in another country. Such cross-border contagion effects could turn out to be important in the EU because national banking problems could easily spread via the highly integrated interbank market. I show that if benevolent supervisors are accountable only to their own jurisdiction, they will not take cross-border contagion effects into account. Supervisors with such a national mandate fail to implement the optimum from a supranational perspective. In consequence, the probability of a bank failure will be inefficiently high. Against the background of this result, I argue in favor of institutionalizing an EU "Supervisory Coordination Authority" to which national supervisors are accountable. |
| Beschreibung: | Auch im Internet unter der Adresse www.SSRN.com oder www.CESifo.de verfügbar |
| Beschreibung: | 19 S. 21 cm |
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| 500 | |a Auch im Internet unter der Adresse www.SSRN.com oder www.CESifo.de verfügbar | ||
| 520 | 8 | |a I analyze the optimal design of banking supervision in the presence of cross-border lending. Cross-border lending could imply that an individual bank failure in one country could trigger negative spillover effects in another country. Such cross-border contagion effects could turn out to be important in the EU because national banking problems could easily spread via the highly integrated interbank market. I show that if benevolent supervisors are accountable only to their own jurisdiction, they will not take cross-border contagion effects into account. Supervisors with such a national mandate fail to implement the optimum from a supranational perspective. In consequence, the probability of a bank failure will be inefficiently high. Against the background of this result, I argue in favor of institutionalizing an EU "Supervisory Coordination Authority" to which national supervisors are accountable. | |
| 650 | 4 | |a Bankenaufsicht / Internationale Kreditvergabe / Kreditrisiko / Internationaler Finanzmarkt / Bankenkrise / Theorie / EU-Staaten | |
| 650 | 4 | |a contagion | |
| 830 | 0 | |a CESifo working papers |v 812 : Monetary policy and international finance |w (DE-604)BV013978326 |9 812 | |
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Datensatz im Suchindex
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| author | Stolz, Stéphanie Marie 1974- |
| author_GND | (DE-588)123297036 |
| author_facet | Stolz, Stéphanie Marie 1974- |
| author_role | aut |
| author_sort | Stolz, Stéphanie Marie 1974- |
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| building | Verbundindex |
| bvnumber | BV016507675 |
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| ctrlnum | (OCoLC)248823605 (DE-599)BVBBV016507675 |
| discipline | Wirtschaftswissenschaften |
| format | Book |
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| id | DE-604.BV016507675 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-09T19:11:19Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-010202420 |
| oclc_num | 248823605 |
| open_access_boolean | |
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| owner_facet | DE-355 DE-BY-UBR DE-12 DE-19 DE-BY-UBM DE-706 DE-83 |
| physical | 19 S. 21 cm |
| publishDate | 2002 |
| publishDateSearch | 2002 |
| publishDateSort | 2002 |
| publisher | CES Ifo |
| record_format | marc |
| series | CESifo working papers |
| series2 | CESifo working papers |
| spelling | Stolz, Stéphanie Marie 1974- Verfasser (DE-588)123297036 aut Banking supervision in integrated financial markets implications for the EU Stéphanie Stolz. Center for Economic Studies & Ifo Institute for Economic Research Munich CES 2002 Munich Ifo 19 S. 21 cm txt rdacontent n rdamedia nc rdacarrier CESifo working papers 812 : Monetary policy and international finance Auch im Internet unter der Adresse www.SSRN.com oder www.CESifo.de verfügbar I analyze the optimal design of banking supervision in the presence of cross-border lending. Cross-border lending could imply that an individual bank failure in one country could trigger negative spillover effects in another country. Such cross-border contagion effects could turn out to be important in the EU because national banking problems could easily spread via the highly integrated interbank market. I show that if benevolent supervisors are accountable only to their own jurisdiction, they will not take cross-border contagion effects into account. Supervisors with such a national mandate fail to implement the optimum from a supranational perspective. In consequence, the probability of a bank failure will be inefficiently high. Against the background of this result, I argue in favor of institutionalizing an EU "Supervisory Coordination Authority" to which national supervisors are accountable. Bankenaufsicht / Internationale Kreditvergabe / Kreditrisiko / Internationaler Finanzmarkt / Bankenkrise / Theorie / EU-Staaten contagion CESifo working papers 812 : Monetary policy and international finance (DE-604)BV013978326 812 |
| spellingShingle | Stolz, Stéphanie Marie 1974- Banking supervision in integrated financial markets implications for the EU CESifo working papers Bankenaufsicht / Internationale Kreditvergabe / Kreditrisiko / Internationaler Finanzmarkt / Bankenkrise / Theorie / EU-Staaten contagion |
| title | Banking supervision in integrated financial markets implications for the EU |
| title_auth | Banking supervision in integrated financial markets implications for the EU |
| title_exact_search | Banking supervision in integrated financial markets implications for the EU |
| title_full | Banking supervision in integrated financial markets implications for the EU Stéphanie Stolz. Center for Economic Studies & Ifo Institute for Economic Research |
| title_fullStr | Banking supervision in integrated financial markets implications for the EU Stéphanie Stolz. Center for Economic Studies & Ifo Institute for Economic Research |
| title_full_unstemmed | Banking supervision in integrated financial markets implications for the EU Stéphanie Stolz. Center for Economic Studies & Ifo Institute for Economic Research |
| title_short | Banking supervision in integrated financial markets |
| title_sort | banking supervision in integrated financial markets implications for the eu |
| title_sub | implications for the EU |
| topic | Bankenaufsicht / Internationale Kreditvergabe / Kreditrisiko / Internationaler Finanzmarkt / Bankenkrise / Theorie / EU-Staaten contagion |
| topic_facet | Bankenaufsicht / Internationale Kreditvergabe / Kreditrisiko / Internationaler Finanzmarkt / Bankenkrise / Theorie / EU-Staaten contagion |
| volume_link | (DE-604)BV013978326 |
| work_keys_str_mv | AT stolzstephaniemarie bankingsupervisioninintegratedfinancialmarketsimplicationsfortheeu |