Prudential Supervision: Why Is It Important and What are the Issues?

Frederic Mishkin

No 7926, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper outlines what problems asymmetric information creates for the financial system and shows and shows that the presence of asymmetric information explains why banks are so important. The paper then goes on to explain why prudential supervision of these institutions is needed, and what forms it takes. The paper ends by outlining the key issues in the design of prudential supervision and uses them to organize a general discussion of the papers in this conference volume, providing a brief overview of their content. The linkages between these papers are explored, which highlights some general conclusions.

JEL-codes: G21 (search for similar items in EconPapers)
Date: 2000-09
Note: ME
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (44)

Published as Prudential Supervision: Why Is It Important and What Are the Issues? , Frederic S. Mishkin. in Prudential Supervision: What Works and What Doesn't , Mishkin. 2001

Downloads: (external link)
http://www.nber.org/papers/w7926.pdf (application/pdf)

Related works:
Chapter: Prudential Supervision: Why Is It Important and What Are the Issues? (2001)
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:nbr:nberwo:7926

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w7926

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().