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Financial supervisory independence and accountability : exploring the determinants /

We 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 e...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Masciandaro, Donato, 1961- (Autor), Quintyn, Marc (Autor), Taylor, Michael, 1962- (Autor)
Autores Corporativos: IMF Institute, International Monetary Fund
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington, D.C. : International Monetary Fund : IMF Institute, 2008.
Colección:IMF working paper ; WP/08/147.
Temas:
Acceso en línea:Texto completo
Tabla de Contenidos:
  • 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
  • A. 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