کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5092750 1375954 2007 28 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Bank supervision Russian style: Evidence of conflicts between micro- and macro-prudential concerns
کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Bank supervision Russian style: Evidence of conflicts between micro- and macro-prudential concerns
چکیده انگلیسی
Supervisors sometimes have to manage both the micro- and macro-prudential dimensions of bank stability. These may either conflict or complement each other. We analyze prudential supervision by the Central Bank of Russia (CBR). We find evidence of micro-prudential concerns, measured as the rule-based enforcement of bank standards. Macro-prudential concerns are also documented: Banks in concentrated bank markets, large banks, money center banks and large deposit banks are less likely to face license withdrawal. Further, the CBR is reluctant to withdraw licenses when there are “too many banks to fail.” Finally, macro-prudential concerns induce regulatory forbearance, revealing conflicts with micro-prudential objectives. Journal of Comparative Economics 35 (3) (2007) 630-657.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Comparative Economics - Volume 35, Issue 3, September 2007, Pages 630-657
نویسندگان
, ,