Global supervision, financial stability and risk control: a banker’s view

D. Croff
Additional contact information
D. Croff: Banca Nazionale del Lavoro

BNL Quarterly Review, 1999, vol. 52, issue 209, 127-147

Abstract: Studies have shown that the financial integration of industrial and developing economies can lead to more efficient allocation of resources and to greater aggregate welfare. However, this integration might also lead to greater financial instability in relation to possible massive shifts in capital. This essay considers present global financial trends, and how the international and national financial systems might be better protected from the recurrence of crises. It argues that national and international surveillance and capital requirements should be complemented by risk control models, built and managed by the banks themselves and approved by national surveillance authorities, thus avoiding distortions to market forces and orienting bank managers to more efficient risk management.

Keywords: Risk assessment; Economic stabilisation (search for similar items in EconPapers)
JEL-codes: G18 G32 (search for similar items in EconPapers)
Date: 1999
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/10537/10422 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:psl:bnlaqr:1999:21

Ordering information: This journal article can be ordered from
http://www.economiacivile.it

Access Statistics for this article

BNL Quarterly Review is currently edited by Alessandro Roncaglia

More articles in BNL Quarterly Review from Banca Nazionale del Lavoro
Bibliographic data for series maintained by Carlo D'Ippoliti ().