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Cross-Border Coordination Of Prudential Supervision And Deposit Guarantees

Author/Editor: Hardy, Daniel C. L. | Nieto, María
Authorized for Distribution: December 1, 2008
Electronic Access: Free Full Text (PDF file size is 744KB)
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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(s): Deposit insurance | Europe | European Economic and Monetary Union | Economic integration | Bank supervision | Banking sector | Social safety nets | International cooperation
Author's keyword(s): Deposit guarantees | bank supervision | cross-border coordination | EU
 
English  
    Published:   December 1, 2008        
            Format:   Paper
    Stock No:   WPIEA2008283   Pages:   26
    Price:   US$18.00
       
     
Please address any questions about this title to publications@imf.org.