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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Bibliographic Details
Main Author: Quintyn, Marc (Author)
Format: Electronic eBook
Language:Arabic
Published: Washington, D.C International Monetary Fund 2004
Series:Economic Issues Economic Issues No. 32
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Summary: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
Physical Description:1 Online-Ressource (20 p)
ISBN:1589063120
9781589063129

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