Monetary policy, the provision of financial stability and banking supervision

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Sibert, Anne;
  • Publisher: European Parliament
  • Subject: ems
    acm: ComputerApplications_COMPUTERSINOTHERSYSTEMS

This note discusses why it might be desirable for a central bank to have a microprudential supervisory role and why a single micro-prudential supervisor might be better than a collection of national supervisors. It argues that central banks should not be macro-prudentia... View more
  • References (7)

    Berglöf, Erik, Ralph De Haas, and Jeromin Zettelmeyer (2012), “Banking union: The view from emerging Europe,” Vox,, 16 October 2012.

    Bernanke, Ben S. (2007), “Central banking and banking supervision in the United States,” Speech at the Allied Social Science Association Annual Meeting, Chicago, Illinois, 5 January 2007.

    European Commission (2012), Proposal for a Council Regulation conferring specific tasks on the ECB concerning policies in relation to the prudential supervision of credit institutions, Brussels, COM(2012) 511 final, 12 September 2012 com-2012-511_en.pdf.

    Garricano, Luis (2012), “Five lessons from the Spanish cajas debacle for a new eurowide supervisor,” Vox,, 16 October 2012.

    Goodhart, Charles (2003), “A Central bank economist,” in Paul Mizen, ed., Central Banking, Monetary Theory and Practice, volume 1, Cheltenham, UK, Edward Elgar.

     Ioannidou, Vasso P. (2012), “A first step towards a banking union,” Vox,, 16 October 2012.

    Ware, Derrick (1996), Basic Principles of Banking Supervision, Centre for Central Banking Studies, Bank of England.

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