TY  - BOOK
AU  - Taylor,Michael
AU  - Quintyn,Marc
AU  - Taylor,Michael
TI  - Should Financial Sector Regulators Be Independent?
T2  - Economic Issues; Economic Issues
SN  - 1589063147 :
SN  - 1020-8402
PY  - 2004///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Central Bank
KW  - imf
KW  - Financial Institutions
KW  - Financial Sector
KW  - Financial Stability
KW  - Inflation
KW  - Monetary Policy
N2  - In nearly every major financial crisis of the past decade-from East Asia to Russia, Turkey, and Latin America-political interference in financial sector regulation helped make a bad situation worse. Political pressures not only weakened financial regulation, but also hindered regulators and supervisors from taking action against troubled banks. This paper investigates why, to fulfill their mandate to preserve financial sector stability, financial sector regulators and supervisors need to be independent-from the financial services industry as well as from the government-as well as accountable
UR  - http://elibrary.imf.org/view/IMF051/06212-9781589063143/06212-9781589063143/06212-9781589063143.xml
UR  - http://www.imfbookstore.org/IMFORG/9781589063143
ER  -