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Public Financial Institutions in Developed Countries - Organization and Oversight

Author/Editor: Ratnovski, Lev | Narain, Aditya
Authorized for Distribution: September 1, 2007
Electronic Access: Free Full Text (PDF file size is 697KB)
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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: While public financial institutions (such as public development banks) are commonly associated with developing countries, in fact they are prevalent in the developed world as well. We study a sample of public financial institutions in industrialized countries and identify dominant trends in their organization and oversight. While practices in developed countries may be a useful reference point, a more nuanced approach, accounting for the disparity of institutional environment, regulatory capacity, and government accountability and effectiveness, may be required in developing countries. Further investment in the accumulation of evidence and formulation of best practices in the organization and oversight of public financial institutions seems warranted and necessary. This paper was prepared while Mr. Ratnovski was working in the Financial Supervision and Regulation Division during January-April 2006. The authors are grateful to Jonathan Fiechter, David Marston, and participants of an MCM seminar in April 2006 for their helpful comments.
 
Series: Working Paper No. 07/227
Subject(s): Financial institutions | Developed countries | Bank regulations | Bank supervision | Public sector
Author's keyword(s): Financial Institutions | Banking Regulations | Banking Supervision
 
English  
    Published:   September 1, 2007        
    ISBN/ISSN:   1934-7073   Format:   Paper
    Stock No:   WPIEA2007227   Pages:   28
    Price:   US$18.00 (Academic Rate: US$18.00)
       
     
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