Cross-Border Coordination of Prudential Supervision and Deposit Guarantees

Author/Editor:

International Monetary Fund

Publication Date:

December 1, 2008

Electronic Access:

Free Full Text (PDF file size is 726 KB).Use the free Adobe Acrobat Reader to view this PDF file

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

The scramble to expand deposit guarantees in Europe in response to recent financial turmoil confirms that the on-going integration of European financial markets requires closer coordination of prudential policies and financial safety nets. We study the optimal design of prudential supervision and deposit guarantee regulations in a multi-country, integrated banking market such as the European Union, where policy-makers have either similar or asymmetric preferences regarding profitability and stability of the banking sector. The paper concludes with recommendations on policy priorities in this area.

Series:

Working Paper No. 08/283

Subject:

English

Publication Date:

December 1, 2008

ISBN/ISSN:

9781451871418/1018-5941

Stock No:

WPIEA2008283

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

26

Please address any questions about this title to publications@imf.org