Western Prudential Regulation: Assessment, and Reflections on its Application to Central and Eastern Europe

Jean Tirole

No 294840, Institute for Policy Reform Working Paper Series from Institute for Policy Reform

Abstract: Achieving a safe and efficient financial intermediation in Central and Eastern Europe (CEE) is a complex matter. This paper first supplies a conceptual framework for the analysis of prudential regulation, and derives a number of implications for capital adequacy requirements, balance sheet adjustments, and accounting. It also discusses political economy issues and the question of whether large banks are really "too big to fail." The second part of the paper summarizes the situation in CEE and establishes a list of specificities of the banking environment there. It then reviews some major policy questions in the light of these specificities.

Keywords: Financial Economics; International Development; Research Methods/Statistical Methods (search for similar items in EconPapers)
Pages: 45
Date: 1993-12
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Persistent link: https://EconPapers.repec.org/RePEc:ags:iprwps:294840

DOI: 10.22004/ag.econ.294840

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