Should Financial Sector Regulators Be Independent?

 
Author/Editor: Quintyn, Marc ; Taylor, Michael
 
Publication Date: March 08, 2004
 
Electronic Access: Free Full text


 
Summary: In nearly every major financial crisis of the past decade-from East Asia to Russia, Turkey, and Latin America-political interference in financial sector regulation helped make a bad situation worse. Political pressures not only weakened financial regulation, but also hindered regulators and supervisors from taking action against troubled banks. This paper investigates why, to fulfill their mandate to preserve financial sector stability, financial sector regulators and supervisors need to be independent-from the financial services industry as well as from the government-as well as accountable.
 
Series: Economic Issues No. 32

 
English
Publication Date: March 08, 2004
ISBN/ISSN: ISBN 1-58906-309-0 ; ISSN 1020-5098 Format: Paper
Stock No: EIIEA032 Pages: 18
Price:
Free
 
 
Arabic
Publication Date: July 26, 2004
ISBN/ISSN: ISBN 1-58906-312-0 ; ISSN 1020-8380 Format: Paper
Stock No: EIIAA032 Pages: 20
Price:
Free
 
 
Chinese
Publication Date: June 04, 2004
ISBN/ISSN: ISBN 1-58906-313-9 ; ISSN 1020-8399 Format: Paper
Stock No: EIICA032 Pages: 19
Price:
Free
 
 
French
Publication Date: June 25, 2004
ISBN/ISSN: ISBN 1-58906-310-4 ; ISSN 1020-7724 Format: Paper
Stock No: EIIFA032 Pages: 24
 
 
Russian
Publication Date: June 07, 2004
ISBN/ISSN: ISBN 1-58906-314-7 ; ISSN 1020-8402 Format: Paper
Stock No: EIIRA032 Pages: 24
Price:
Free
 
 
Spanish
Publication Date: June 25, 2004
ISBN/ISSN: ISBN 1-58906-311-2 ; ISSN 1020-8372 Format: Paper
Stock No: EIISA032 Pages: 24
Price:
Free
 
 
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