Nitsch, Volker (2014)
On the Design of Public Institutions: Evidence from Financial Supervision.
Report, Erstveröffentlichung
Kurzbeschreibung (Abstract)
This paper studies the allocation of the functions and responsibilities of prudential supervision on public authorities, including the central bank. In particular, it is argued that there are interdependencies in the design of institutions; political decisions on the supervisory structure are not taken in isolation. Analyzing a panel data set of prudential supervision regimes in 98 countries over the period from 1999 to 2010, I find that central banks play a smaller role in supervision and tasks are more decentralized if the central bank is independent and transparent. Measures of firm and fiscal decentralization are typically associated with a greater centralization of supervisory functions outside of the central bank.
| Typ des Eintrags: | Report |
|---|---|
| Erschienen: | 2014 |
| Autor(en): | Nitsch, Volker |
| Art des Eintrags: | Erstveröffentlichung |
| Titel: | On the Design of Public Institutions: Evidence from Financial Supervision |
| Sprache: | Englisch |
| Publikationsjahr: | 11 Dezember 2014 |
| Reihe: | Darmstadt Discussion Papers in Economics |
| Band einer Reihe: | 221 |
| URL / URN: | http://tuprints.ulb.tu-darmstadt.de/4704 |
| Kurzbeschreibung (Abstract): | This paper studies the allocation of the functions and responsibilities of prudential supervision on public authorities, including the central bank. In particular, it is argued that there are interdependencies in the design of institutions; political decisions on the supervisory structure are not taken in isolation. Analyzing a panel data set of prudential supervision regimes in 98 countries over the period from 1999 to 2010, I find that central banks play a smaller role in supervision and tasks are more decentralized if the central bank is independent and transparent. Measures of firm and fiscal decentralization are typically associated with a greater centralization of supervisory functions outside of the central bank. |
| Freie Schlagworte: | Keywords: financial, prudential, supervision, institution, authority JEL Code: E58, G28, H83 |
| URN: | urn:nbn:de:tuda-tuprints-47048 |
| Sachgruppe der Dewey Dezimalklassifikatin (DDC): | 300 Sozialwissenschaften > 330 Wirtschaft |
| Fachbereich(e)/-gebiet(e): | 01 Fachbereich Rechts- und Wirtschaftswissenschaften 01 Fachbereich Rechts- und Wirtschaftswissenschaften > Volkswirtschaftliche Fachgebiete 01 Fachbereich Rechts- und Wirtschaftswissenschaften > Volkswirtschaftliche Fachgebiete > Fachgebiet Internationale Wirtschaft |
| Hinterlegungsdatum: | 13 Mär 2016 20:55 |
| Letzte Änderung: | 09 Apr 2024 11:19 |
| PPN: | |
| Export: | |
| Suche nach Titel in: | TUfind oder in Google |
 |
Frage zum Eintrag |
Optionen (nur für Redakteure)
 |
Redaktionelle Details anzeigen |
Drucken
Impressum