I General Policy Considerations
  • 1 0000000404811396https://isni.org/isni/0000000404811396International Monetary Fund

Abstract

Unlike most nonfinancial corporations, in a market-based economy, banks are subject to a special regime of licensing, regulation, and supervision (hereinafter also “prudential regulation”). In a market-based economy, the function of banks differs from that of other enterprises, calling for special treatment of banks by the state.