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Building strong banks : through surveillance and resolution /
The twin themes of this book - surveillance and resolution - involve issues that are at the core of the IMF's recent work on the financial sector. Although the intensity of this work is relatively new, the IMF has long recognized that an appropriate macroeconomic policy stance alone is not suff...
| Clasificación: | Libro Electrónico |
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| Otros Autores: | , , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
2002.
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| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | The twin themes of this book - surveillance and resolution - involve issues that are at the core of the IMF's recent work on the financial sector. Although the intensity of this work is relatively new, the IMF has long recognized that an appropriate macroeconomic policy stance alone is not sufficient to maintain balance in an economy; sound underlying microeconomic conditions are also vital. In no area is this more important than in monetary policy. Maintaining a monetary policy stance geared to price level stability requires a sound and competitive banking system to transmit policy signals and to ensure the efficient allocation of financial resources. Moreover, maintaining openness to international capital markets requires a sound and well regulated banking system through which these flows can be intermediated. The IMF helps to promote bank soundness through its surveillance, lending and technical assistance activities. Since the mid-1990s, economic observers have kept a watchful eye on the financial sector because of its potential to spark economic crises. Banks in particular have come under close scrutiny. Building Strong Banks through Surveillance and Resolution offers guidance on setting up regulatory and supervisory regimes that can help to prevent crises, and on dealing with turmoil, should a crisis erupt. The book contains a collection of essays - drawn from practical experience - on a wide range of issues germane to bolstering the banking and financial sector, including developing adequate standards for loan classification, and provisioning and promoting deep and liquid money markets. The government's lender-of-last-resort function, resolution and recapitalization of failed banks, organizing an effective regulatory framework, and moral hazard are all covered in this volume, whose strong practical flavor grows out of the authors' close involvement with these issues. |
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| Descripción Física: | 1 online resource (vii, 389 pages) : illustrations |
| Bibliografía: | Includes bibliographical references. |
| ISBN: | 9781455290062 1455290068 1462309909 9781462309900 1455236667 9781455236664 1283533979 9781283533973 9786613846426 6613846422 |