Transparency and accountability of central banks in their role of financial stability supervisor in OECD countries

被引：3
|
作者：
De Haan J. [1 ,2 ]
Oosterloo S. [3 ]
机构：
[1] Faculty of Economics, University of Groningen, 9700 AV Groningen
[2] CESifo, Munich
来源：
European Journal of Law and Economics | 2006年 / 22卷 / 3期
关键词：
Accountability; Financial stability;
D O I：
10.1007/s10657-006-0400-6
中图分类号：
学科分类号：
摘要：
We aim to get a better understanding of the accountability of central banks in their role of financial stability supervisors, distinguishing between three crucial elements: (1) the legal basis for the financial stability task, (2) providing of information on financial stability, and (3) the formal relationship between the accountable and the accountee. We conclude that in most OECD countries the law does not provide a clear objective for financial stability supervisors. Many central banks nowadays publish a stand-alone financial stability report. In most countries there are hardly any accountability measures in place regarding the objective of financial stability. © Springer Science + Business Media, LLC 2006.
引用
收藏
页码：255 / 271
页数：16
相关论文
共 50 条
  • [1] On the growing accountability of central banks for financial stability-the macroprudential perspective
    Matysek-Jedrycle, Anna
    [J]. ECONOMICS AND BUSINESS REVIEW, 2018, 4 (04) : 30 - 45
  • [2] Arrangements for Financial Stability in OECD and EU countries
    Oosterloo, Sander
    de Haan, Jakob
    [J]. SYSTEMIC FINANCIAL CRISES: RESOLVING LARGE BANK INSOLVENCIES, 2005, : 421 - 439
  • [3] Financial crisis, bank diversification, and financial stability: OECD countries
    Kim, Hakkon
    Batten, Jonathan A.
    Ryu, Doojin
    [J]. INTERNATIONAL REVIEW OF ECONOMICS & FINANCE, 2020, 65 : 94 - 104
  • [4] Central bank transparency and financial stability
    Horvath, Roman
    Vasko, Dan
    [J]. JOURNAL OF FINANCIAL STABILITY, 2016, 22 : 45 - 56
  • [5] Are Cooperative Banks a Lever for Promoting Bank Stability? Evidence from the Recent Financial Crisis in OECD Countries
    Chiaramonte, Laura
    Poli, Federica
    Oriani, Marco Ercole
    [J]. EUROPEAN FINANCIAL MANAGEMENT, 2015, 21 (03) : 491 - 523
  • [6] The Role of Transparency and Accountability in the Reduction of Administrative and Financial Corruption
    Maswadeh, Sanaa
    Al-Wadi, Mahmoud Hussein
    [J]. VISION 2025: EDUCATION EXCELLENCE AND MANAGEMENT OF INNOVATIONS THROUGH SUSTAINABLE ECONOMIC COMPETITIVE ADVANTAGE, 2019, : 13515 - 13526
  • [7] Climate Risks and Financial Stability: The Role of Central Banks and Implications for Russia
    Levakov, Pavel
    Barinova, Vera
    Polbin, Andrey
    [J]. VESTNIK MEZHDUNARODNYKH ORGANIZATSII-INTERNATIONAL ORGANISATIONS RESEARCH JOURNAL, 2022, 18 (01): : 1 - 45
  • [8] Climate actions and macro-financial stability: The role of central banks
    Diluiso, Francesca
    Annicchiarico, Barbara
    Kalkuhl, Matthias
    Minx, Jan C.
    [J]. JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT, 2021, 110
  • [9] Analysis of the Transparency Index of the Central Banks of the Western Balkan Countries
    Gojcaj, Vera
    [J]. JOURNAL OF CENTRAL BANKING THEORY AND PRACTICE, 2024, 13 (02) : 109 - 128
  • [10] Financial stability and central banks: A global perspective
    van der Zwet, AMC
    [J]. ECONOMIST-NETHERLANDS, 2002, 150 (03): : 314 - 316
12345