Does Regulatory Governance Matter for Financial System Stability? : An Empirical Analysis /

This paper provides empirical evidence that the quality of regulatory governance-governance practices adopted by financial system regulators and supervisors-matters for financial system soundness. The paper constructs indices of financial system soundness and regulatory governance, based on country...

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Bibliografische gegevens
Hoofdauteur: Das, Udaibir
Andere auteurs: Chenard, Kina, Quintyn, Marc
Formaat: Tijdschrift
Taal:English
Gepubliceerd in: Washington, D.C. : International Monetary Fund, 2004.
Reeks:IMF Working Papers; Working Paper ; No. 2004/089
Online toegang:Full text available on IMF
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245 1 0 |a Does Regulatory Governance Matter for Financial System Stability? :   |b An Empirical Analysis /  |c Udaibir Das, Marc Quintyn, Kina Chenard. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2004. 
300 |a 1 online resource (43 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper provides empirical evidence that the quality of regulatory governance-governance practices adopted by financial system regulators and supervisors-matters for financial system soundness. The paper constructs indices of financial system soundness and regulatory governance, based on country data collected from the Financial Sector Assessment Program (FSAP). Regression results indicate that regulatory governance has a significant influence on financial system soundness, along with variables reflecting macroeconomic conditions, the structure of the banking system, and the quality of political institutions and public sector governance. The results also indicate that good public sector governance amplifies the impact of regulatory governance on financial system soundness. 
538 |a Mode of access: Internet 
700 1 |a Chenard, Kina. 
700 1 |a Quintyn, Marc. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2004/089 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2004/089/001.2004.issue-089-en.xml  |z IMF e-Library