| Description |
1 online resource (43 pages) |
| Series |
IMF working paper, 2227-8885 ; WP/04/89 |
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IMF working paper ; WP/04/89.
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| Contents |
Contents -- I. INTRODUCTION -- II. FINANCIAL STABILITY AND ITS MEASUREMENT -- III. REGULATORY GOVERNANCE AND ITS MEASUREMENT -- IV. EMPIRICAL MODEL AND FINDINGS -- V. EXTENSION OF THE INDICES TO THE BROADER FINANCIAL SYSTEM -- VI. CONCLUSIONS AND RESEARCH AGENDA |
| Summary |
This paper provides empirical evidence that the quality of regulatory governance-governance practices adopted by financial system regulators and supervisors-matters for financial system soundness. The paper constructs indices of financial system soundness and regulatory governance, based on country data collected from the Financial Sector Assessment Program (FSAP). Regression results indicate that regulatory governance has a significant influence on financial system soundness, along with variables reflecting macroeconomic conditions, the structure of the banking system, and the quality of political institutions and public sector governance. The results also indicate that good public sector governance amplifies the impact of regulatory governance on financial system soundness |
| Bibliography |
Includes bibliographical references |
| Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
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Print version record |
| Subject |
Financial services industry -- State supervision
|
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Banks and banking -- State supervision.
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Banks and banking -- State supervision
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Financial services industry -- State supervision
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| Form |
Electronic book
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| Author |
Quintyn, Marc, author.
|
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Chenard, Kina, author.
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International Monetary Fund. Monetary and Financial Systems Department, issuing body.
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| ISBN |
1281600199 |
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9781281600196 |
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1451897219 |
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9781451897210 |
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9781451851311 |
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1451851316 |
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