Politicians and Financial Supervision Unification Outside the Central Bank: An Update of Theory and Evidence

2008 ◽  
Author(s):  
Donato Masciandaro
Keyword(s):  
Central Bank ◽  
Financial Supervision

New Advantages of Tying One’s Hands: Financial Supervision, Monetary Policy and Central Bank Independence

2010 ◽  
Author(s):  
Lucia Dalla Pellegrina ◽  
Donato Masciandaro ◽  
Rosaria Vega Pansini
Keyword(s):  
Monetary Policy ◽  
Central Bank ◽  
Central Bank Independence ◽  
Financial Supervision

4. Fundamental Principles of Bank Supervision and the Lender of Last Resort—A Reconceptualization

2018 ◽  
Author(s):  
Ross Cranston ◽  
Emilios Avgouleas ◽  
Kristin van Zweiten ◽  
Theodor van Sante ◽  
Christoper Hare
Keyword(s):  
Early Intervention ◽  
Central Bank ◽  
Money Laundering ◽  
Banking System ◽  
Financial Supervision ◽  
Public Agencies ◽  
Lender Of Last Resort ◽  
Bank Supervision ◽  
Terrorist Financing ◽  
System P

This chapter examines the architecture and functions of bank supervision. Bank supervision is the process through which compliance with discussed prudential, conduct, and systemic regulations is safeguarded and enforced. It is normally exercised by public agencies that have the competence to approve the establishment and operation of credit institutions and monitor continuous compliance with the requisite regulatory framework. The same public bodies are also vested with remedial (early intervention) and enforcement powers in the event of a breach of any of the above. The chapter covers the fundamental principles of financial supervision; bank supervisors' accountability and judicial review; bankers' conduct, money laundering, and terrorist financing; and the central bank as the lender of last resort to the banking system.

Inside and outside the central bank: Independence and accountability in financial supervision

2008 ◽  
Vol 24 (4) ◽  
pp. 833-848 ◽  
Author(s):  
Donato Masciandaro ◽  
Marc Quintyn ◽  
Michael W. Taylor
Keyword(s):  
Central Bank ◽  
Central Bank Independence ◽  
Financial Supervision

9. The European Central Bank: New powers and new institutional theories

2017 ◽  
Author(s):  
Dermot Hodson
Keyword(s):  
Central Bank ◽  
Crisis Management ◽  
European Central Bank ◽  
Path Dependence ◽  
Institutional Design ◽  
Financial Supervision ◽  
New Wave ◽  
Euro Crisis ◽  
Credible Commitments ◽  
European Central

This chapter examines how the European Central Bank (ECB) has taken on new and controversial roles in relation to crisis management and financial supervision in the wake of the eurozone crisis. It also considers how the ECB’s transformation has encouraged a new wave of institutional theorizing about the Bank, placing emphasis, among other things, on the importance of credible commitments, path-dependence, strategic discourse, and the changing politics of European integration. The chapter first provides an overview of the ECB’s mandate and tasks before discussing its decision-making bodies. It then describes the ECB’s institutional design as well as its response to the euro crisis, along with various theories that explain the crisis, including historical institutionalism and the rational choice institutionalist perspective. The chapter concludes by assessing concerns about the ECB’s legitimacy.

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