On the Design of Public Institutions: Evidence from Financial Supervision
Volker Nitsch
Publications of Darmstadt Technical University, Institute for Business Studies (BWL) from Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL)
Abstract:
This paper studies the allocation of the functions and responsibilities of prudential supervision on public authorities, including the central bank. In particular, it is argued that there are interdependencies in the design of institutions; political decisions on the supervisory structure are not taken in isolation. Analyzing a panel data set of prudential supervision regimes in 98 countries over the period from 1999 to 2010, I find that central banks play a smaller role in supervision and tasks are more decentralized if the central bank is independent and transparent. Measures of firm and fiscal decentralization are typically associated with a greater centralization of supervisory functions outside of the central bank.
Date: 2014-12-11
Note: for complete metadata visit http://tubiblio.ulb.tu-darmstadt.de/69232/
References: Add references at CitEc
Citations:
Published in Darmstadt Discussion Papers in Economics 221 (2014-12-11)
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
Related works:
Journal Article: On the design of public institutions: Evidence from financial supervision (2015) 
Journal Article: On the design of public institutions: Evidence from financial supervision (2015) 
Working Paper: On the Design of Public Institutions: Evidence from Financial Supervision (2014) 
Working Paper: On the design of public institutions: Evidence from financial supervision (2014) 
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:dar:wpaper:69232
Access Statistics for this paper
More papers in Publications of Darmstadt Technical University, Institute for Business Studies (BWL) from Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL) Contact information at EDIRC.
Bibliographic data for series maintained by Dekanatssekretariat ().