Series: IMF Working Papers
Author(s): Michael Taylor , Marc Quintyn , and Eva Hüpkes
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2005
Keywords: Financial regulation, regulatory agencies, public administration accountability, banking, financial system, financial services, financial sector, financial institutions, General Financial Markets: Government Policy and Regulation, Financial Institutions and Services: Government Policy and Regulation
Policymakers' uneasiness about granting independence to financial sector regulators stems to a large extent from the lack of familiarity with, and elusiveness of, the concept of accountability. This paper gives ope...