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On the Design of Public Institutions: Evidence from Financial Supervision

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
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