03429nam 2200589Ia 450 991046406880332120170821160726.01-4623-5577-31-4527-3998-61-4518-7217-897866128429171-282-84291-9(CKB)3170000000055234(EBL)1608235(SSID)ssj0000940814(PQKBManifestationID)11492019(PQKBTitleCode)TC0000940814(PQKBWorkID)10955830(PQKB)10888755(OCoLC)608248504(MiAaPQ)EBC1608235(EXLCZ)99317000000005523420041202d2009 uf 0engur|n|---|||||txtccrFinancial stability frameworks and the role of central banks[electronic resource] lessons from the crisis /prepared by Erlend W. Nier[Washington D.C.] International Monetary Fund20091 online resource (66 p.)IMF working paper ;WP/09/70Description based upon print version of record.1-4519-1652-3 Includes bibliographical references.Contents; Executive Summary; I. The Role of Central Banks in Financial Stability-Lessons from the Crisis; A. Monetary Policy; B. Provision of Systemic Liquidity; C. Lender of Last Resort and Resolution of Failing Institutions; D. Oversight of Payment and Settlement Systems; II. Costs and Benefits of a Role of Central Banks in Financial Regulation; III. Recent Debates on Financial Stability Frameworks; IV. Financial Regulation-Objectives, Tools, Scope; A. Why Regulate Financial Institutions?; B. How to Regulate Financial Institutions?; C. Who Should be Regulated?; Boxes1. Originate and Distribute and Systemic RiskV. Financial Regulation-Agency Structure; A. Principles; B. Comparison of Existing Structures; 2. Financial Stability Frameworks Across Countries; 3. Special Considerations for Government Sponsored Entities; 4. International Considerations; VI. Conclusions; References; Appendixes; I. Some Preliminary Empirical Analysis; Figures; 1. Developed Europe: Bank Losses; 2. Developed Europe: Overall Loss to Credit RatioThis paper sets out general principles for the design of financial stability frameworks, starting from an analysis of the objectives and tools of financial regulation. The paper then offers a comprehensive analysis of the costs and benefits of the two main models that have emerged for modern financial systems: the integrated model, with a single supervisor outside of the central bank, and the twin-peaks model, with a systemic risk regulator (central bank) on the one hand and a conduct of business regulator on the other. The paper concludes that the twin-peaks model may become more attractive wIMF working paper ;WP/09/70.Economic stabilizationBanks and banking, CentralElectronic books.Economic stabilization.Banks and banking, Central.Nier Erlend881073MiAaPQMiAaPQMiAaPQBOOK9910464068803321Financial stability frameworks and the role of central banks2189322UNINA