06073oam 22012974 450 991082068470332120240402050250.01-4623-3763-51-4527-6522-71-4518-7005-197866128409821-282-84098-3(CKB)3170000000055046(EBL)1607900(SSID)ssj0000940815(PQKBManifestationID)11598327(PQKBTitleCode)TC0000940815(PQKBWorkID)10975346(PQKB)10001135(OCoLC)568151213(IMF)WPIEE2008147(MiAaPQ)EBC1607900(EXLCZ)99317000000005504620020129d2008 uf 0engur|n|---|||||txtccrFinancial Supervisory Independence and Accountability–Exploring the Determinants /Donato Masciandaro, Marc Quintyn, Michael Taylor1st ed.Washington, D.C. :International Monetary Fund,2008.1 online resource (36 p.)IMF Working Papers"June 2008."1-4519-1458-X Includes bibliographical references (p. 31-34).Contents; I. Introduction; II. Background; III. Analysis of Independence and Accountability Indices; A. Sample and Methodology; B. Main Findings; Tables; 1. Ratings on Supervisory Independence and Accountability, and on Independence in Monetary Policy; Figures; 1. Scatter Plot of Independence and Accountabilty Ratings; C. A Look into the Individual Criteria; 2. Spread Between Independence and Accountability Ratings; D. Location Has an Impact; 2. Governance Ratings by Location of Supervisor and Standard Deviation of Ratings in Italics; IV. The determinants of supervisory governanceA. The Econometric ApproachB. Model to be Tested; C. The Results; 3. Ordered Logit Estimates with Total Governance as the Dependent Variable; 4. Ordered Logit Estimates with Independence as the Dependent Variable; 5. Ordered Logit Estimates with Accountability as the Dependent Variable; V. Conclusions; Appendixes; I. Countries Selected for the Survey; II. Ratings by Criteria Across the Sample; III. Definition and Sources of Variables; IV. Correlation Matrix of Variables; ReferencesWe analyze recent trends in, and determinants of, financial supervisory governance. We first calculate levels of supervisory independence and accountability in 55 countries. The econometric analysis of the determinants indicates that the quality of public sector governance plays a decisive role in establishing accountability arrangements, more than independence arrangements. It also shows that decisions regarding levels of independence and accountability are not well-connected. The results also show that the likelihood of establishing adequate governance arrangements are higher when the supervisor is located outside the central bank.IMF Working Papers; Working Paper ;No. 2008/147FinanceState supervisionBanks and banking, CentralState supervisionBanks and BankingimfMacroeconomicsimfPublic FinanceimfIndustries: Financial ServicesimfBusiness and FinancialimfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfGeneral Financial Markets: Government Policy and RegulationimfPublic EnterprisesimfPublic-Private EnterprisesimfFinancial Institutions and Services: GeneralimfTaxation, Subsidies, and Revenue: GeneralimfBankingimfFinancial services law & regulationimfCivil service & public sectorimfPublic finance & taxationimfFinancial regulation and supervisionimfPublic sectorimfFinancial sectorimfLegal support in revenue administrationimfBanks and bankingimfFinancial services industryimfLaw and legislationimfFinance, PublicimfRevenueimfUnited KingdomimfFinanceState supervision.Banks and banking, CentralState supervision.Banks and BankingMacroeconomicsPublic FinanceIndustries: Financial ServicesBusiness and FinancialBanksDepository InstitutionsMicro Finance InstitutionsMortgagesGeneral Financial Markets: Government Policy and RegulationPublic EnterprisesPublic-Private EnterprisesFinancial Institutions and Services: GeneralTaxation, Subsidies, and Revenue: GeneralBankingFinancial services law & regulationCivil service & public sectorPublic finance & taxationFinancial regulation and supervisionPublic sectorFinancial sectorLegal support in revenue administrationBanks and bankingFinancial services industryLaw and legislationFinance, PublicRevenue338.19235Masciandaro Donato89517Quintyn Marc247373Taylor Michael41937IMF Institute.International Monetary Fund.DcWaIMFBOOK9910820684703321Financial Supervisory Independence and Accountability–Exploring the Determinants3926678UNINA