Should Financial Sector Regulators Be Independent?:

In nearly every major financial crisis of the past decade-from East Asia to Russia, Turkey, and Latin America-political interference in financial sector regulation helped make a bad situation worse. Political pressures not only weakened financial regulation, but also hindered regulators and supervis...

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Bibliographische Detailangaben
1. Verfasser: Quintyn, Marc (VerfasserIn)
Format: Elektronisch E-Book
Sprache:Arabic
Veröffentlicht: Washington, D.C International Monetary Fund 2004
Schriftenreihe:Economic Issues Economic Issues No. 32
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Zusammenfassung:In nearly every major financial crisis of the past decade-from East Asia to Russia, Turkey, and Latin America-political interference in financial sector regulation helped make a bad situation worse. Political pressures not only weakened financial regulation, but also hindered regulators and supervisors from taking action against troubled banks. This paper investigates why, to fulfill their mandate to preserve financial sector stability, financial sector regulators and supervisors need to be independent-from the financial services industry as well as from the government-as well as accountable
Beschreibung:1 Online-Ressource (20 p)
ISBN:1589063120
9781589063129

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