LEADER 06073oam 22012974 450 001 9910820684703321 005 20240402050250.0 010 $a1-4623-3763-5 010 $a1-4527-6522-7 010 $a1-4518-7005-1 010 $a9786612840982 010 $a1-282-84098-3 035 $a(CKB)3170000000055046 035 $a(EBL)1607900 035 $a(SSID)ssj0000940815 035 $a(PQKBManifestationID)11598327 035 $a(PQKBTitleCode)TC0000940815 035 $a(PQKBWorkID)10975346 035 $a(PQKB)10001135 035 $a(OCoLC)568151213 035 $a(IMF)WPIEE2008147 035 $a(MiAaPQ)EBC1607900 035 $a(EXLCZ)993170000000055046 100 $a20020129d2008 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aFinancial Supervisory Independence and Accountability?Exploring the Determinants /$fDonato Masciandaro, Marc Quintyn, Michael Taylor 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2008. 215 $a1 online resource (36 p.) 225 1 $aIMF Working Papers 300 $a"June 2008." 311 $a1-4519-1458-X 320 $aIncludes bibliographical references (p. 31-34). 327 $aContents; 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 governance 327 $aA. 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; References 330 3 $aWe analyze recent trends in, and determinants of, financial supervisory governance. We first calculate levels of supervisory independence and accountability in 55 countries. The econometric analysis of the determinants indicates that the quality of public sector governance plays a decisive role in establishing accountability arrangements, more than independence arrangements. It also shows that decisions regarding levels of independence and accountability are not well-connected. The results also show that the likelihood of establishing adequate governance arrangements are higher when the supervisor is located outside the central bank. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2008/147 606 $aFinance$xState supervision 606 $aBanks and banking, Central$xState supervision 606 $aBanks and Banking$2imf 606 $aMacroeconomics$2imf 606 $aPublic Finance$2imf 606 $aIndustries: Financial Services$2imf 606 $aBusiness and Financial$2imf 606 $aBanks$2imf 606 $aDepository Institutions$2imf 606 $aMicro Finance Institutions$2imf 606 $aMortgages$2imf 606 $aGeneral Financial Markets: Government Policy and Regulation$2imf 606 $aPublic Enterprises$2imf 606 $aPublic-Private Enterprises$2imf 606 $aFinancial Institutions and Services: General$2imf 606 $aTaxation, Subsidies, and Revenue: General$2imf 606 $aBanking$2imf 606 $aFinancial services law & regulation$2imf 606 $aCivil service & public sector$2imf 606 $aPublic finance & taxation$2imf 606 $aFinancial regulation and supervision$2imf 606 $aPublic sector$2imf 606 $aFinancial sector$2imf 606 $aLegal support in revenue administration$2imf 606 $aBanks and banking$2imf 606 $aFinancial services industry$2imf 606 $aLaw and legislation$2imf 606 $aFinance, Public$2imf 606 $aRevenue$2imf 607 $aUnited Kingdom$2imf 615 0$aFinance$xState supervision. 615 0$aBanks and banking, Central$xState supervision. 615 7$aBanks and Banking 615 7$aMacroeconomics 615 7$aPublic Finance 615 7$aIndustries: Financial Services 615 7$aBusiness and Financial 615 7$aBanks 615 7$aDepository Institutions 615 7$aMicro Finance Institutions 615 7$aMortgages 615 7$aGeneral Financial Markets: Government Policy and Regulation 615 7$aPublic Enterprises 615 7$aPublic-Private Enterprises 615 7$aFinancial Institutions and Services: General 615 7$aTaxation, Subsidies, and Revenue: General 615 7$aBanking 615 7$aFinancial services law & regulation 615 7$aCivil service & public sector 615 7$aPublic finance & taxation 615 7$aFinancial regulation and supervision 615 7$aPublic sector 615 7$aFinancial sector 615 7$aLegal support in revenue administration 615 7$aBanks and banking 615 7$aFinancial services industry 615 7$aLaw and legislation 615 7$aFinance, Public 615 7$aRevenue 676 $a338.19235 700 $aMasciandaro$b Donato$089517 701 $aQuintyn$b Marc$0247373 701 $aTaylor$b Michael$041937 712 02$aIMF Institute. 712 02$aInternational Monetary Fund. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910820684703321 996 $aFinancial Supervisory Independence and Accountability?Exploring the Determinants$93926678 997 $aUNINA