Comment
Author: David Marston
Language:
English
Keywords:
SEM; market; bank; rating; market participant; market discipline; IMF surveillance; risk profile; government regulator; Financial sector stability; Credit; Credit risk; Financial Sector Assessment Program; Global; Europe; Southeast Asia; East Asia; Asia and Pacific; liquidity shock; risk characteristic; intervention rule; Exchange restrictions

Abstract

I find a lot to agree with in the conceptual approach of the paper and the notions of a regulatory regime and regulatory strategy. The discussion of the components of the described regime, rules established by regulatory agencies, monitoring and supervision by official agencies, incentive structures, market discipline, intervention arrangements, corporate governance and accountability, are comprehensive. Moreover, the theme of a strategy to optimize the balance between the components of the regime is, from a policy perspective, very appealing.

Within Same Series

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Other Publishers Content

Cover Financial Risks, Stability, and Globalization
Financial Risks, Stability, and Globalization
Author: Mr. Omotunde E. G. Johnson
ISBN:
9781589060128
Publication Date:
29 Apr 2002
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781589060128.072
Pages:
570