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150128 ||| eng |
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|a 9781451865899
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|a Taylor, Michael
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| 245 |
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|a The Fear of Freedom
|b Politicians and the Independence and Accountability of Financial Sector Supervisors
|c Michael Taylor, Marc Quintyn, Silvia Ramirez
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2007
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| 300 |
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|a 50 pages
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| 651 |
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4 |
|a United Kingdom
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| 653 |
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|a Public Administration
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| 653 |
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|a Banks
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| 653 |
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|a Public finance & taxation
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| 653 |
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|a Banks and banking
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| 653 |
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|a Industries: Financial Services
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| 653 |
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|a Mortgages
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| 653 |
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|a Legal support in revenue administration
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| 653 |
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|a Central banks
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| 653 |
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|a Financial Institutions and Services: General
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| 653 |
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|a Public Sector Accounting and Audits
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| 653 |
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|a Banking
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| 653 |
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|a Central bank autonomy
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| 653 |
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|a Business and Financial
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| 653 |
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|a Economics of Regulation
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| 653 |
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|a Depository Institutions
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| 653 |
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|a Revenue administration
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| 653 |
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|a Bank supervision
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| 653 |
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|a General Financial Markets: Government Policy and Regulation
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| 653 |
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|a Micro Finance Institutions
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| 653 |
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|a Financial Institutions and Services: Government Policy and Regulation
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| 653 |
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|a Economic sectors
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| 653 |
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|a Taxation, Subsidies, and Revenue: General
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| 653 |
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|a Banks and banking; State supervision
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| 653 |
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|a Financial services industry; Law and legislation
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| 653 |
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|a Banks and Banking
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| 653 |
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|a Financial regulation and supervision
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| 653 |
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|a Financial services industry
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| 653 |
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|a Central Banks and Their Policies
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| 653 |
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|a Public Finance
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| 653 |
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|a Financial services law & regulation
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| 653 |
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|a Revenue
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| 653 |
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|a Financial sector
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| 700 |
1 |
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|a Quintyn, Marc
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| 700 |
1 |
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|a Ramirez, Silvia
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| 041 |
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7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
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|a IMF Working Papers
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| 028 |
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|a 10.5089/9781451865899.001
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| 856 |
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|u https://elibrary.imf.org/view/journals/001/2007/025/001.2007.issue-025-en.xml?cid=20155-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
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|a 330
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|a Compared with the case of central bank independence, independence for financial sector supervisors remains more controversial. This paper analyzes changes in independence and accountability arrangements in a set of 32 countries that overhauled their legal and/or institutional frameworks for supervision in recent years. Despite improvements, there is strong evidence that the endorsement of independence remains half-hearted, which shows itself through either overcompensation on the accountability side, or resort to political control mechanisms. The latter could potentially undermine the agency's credibility. The results indicate that policymakers still need to be persuaded of the long-term benefits of independence for financial sector soundness, and of the potential for a virtuous interaction between independence and accountability, if the arrangements are well-designed
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