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010   $a9786612842917
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035   $a(PQKBTitleCode)TC0000940814
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100   $a20041202d2009      uf             0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 10$aFinancial stability frameworks and the role of central banks$b[electronic resource] $elessons from the crisis /$fprepared by Erlend W. Nier
210   $a[Washington D.C.] $cInternational Monetary Fund$d2009
215   $a1 online resource (66 p.)
225 1 $aIMF working paper ;$vWP/09/70
300   $aDescription based upon print version of record.
311   $a1-4519-1652-3 
320   $aIncludes bibliographical references.
327   $aContents; 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?; Boxes
327   $a1. 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 Ratio
330   $aThis paper sets out general principles for the design of financial stability frameworks, starting from an analysis of the objectives and tools of financial regulation. The paper then offers a comprehensive analysis of the costs and benefits of the two main models that have emerged for modern financial systems: the integrated model, with a single supervisor outside of the central bank, and the twin-peaks model, with a systemic risk regulator (central bank) on the one hand and a conduct of business regulator on the other. The paper concludes that the twin-peaks model may become more attractive w
410  0$aIMF working paper ;$vWP/09/70.
606   $aEconomic stabilization
606   $aBanks and banking, Central
608   $aElectronic books.
615  0$aEconomic stabilization.
615  0$aBanks and banking, Central.
700   $aNier$b Erlend$0881073
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910464068803321
996   $aFinancial stability frameworks and the role of central banks$92189322
997   $aUNINA