 Regulation and SupervisionAnand Chandavarkar Chapter 5 in Central Banking in Developing Countries, 1996, pp 74-94 from Palgrave Macmillan Abstract: Abstract Even the most unreconstructed monetary libertarian would be hard put to it to controvert the rationale for at least a basic regulatory and supervisory framework for the banking and financial system, a position which, however, leaves room for legitimate debate on the extent, nature, scope, and forms of regulation. This is an area which raises a whole cluster of critical interrelated issues. What, in fact, is the case for regulation, or re-regulation, now that liberalization and deregulation of the financial system are an accepted policy objective and most developing countries are well-set on the path to substantial liberalization? Is the central bank necessarily the most appropriate agency for supervision? What are the typical problems encountered in supervision, and what measures are necessary and desirable to enhance the efficiency of the supervisory process in developing countries? What is the appropriate role for the central bank as a lender of last resort? Is deposit insurance a necessary adjunct to the prudential framework of the banking system? Keywords: Monetary Policy; Central Bank; Deposit Insurance; Bank Failure; Market Discipline (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37150-7_5 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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