Financial Supervision Structure In Romania. A Comparative Approach
AbstractIn this paper we assess the financial supervision and regulation structure inRomania. To this purpose, we calculate and interpret the Financial Supervision UnificationIndex (FSU Index) and the Central Bank as Financial Authority Index (CBFA) at the level ofthe year 2011 (August), according to Masciandaro‘s methodology (2004) for all EU27member countries in order to make comparisons with the Romanian ones. We propose achange in the present Romanian financial supervisory regime from the silos model to a hybridone, arrangement that supposes a combination of the sectoral model with the objectives-centred model.
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Bibliographic InfoArticle provided by Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia in its journal Annales Universitatis Apulensis Series Oeconomica.
Volume (Year): 2 (2011)
Issue (Month): 13 ()
Contact details of provider:
central bank; financial stability; Romanian financial supervision and regulation structure; the FSU Index; the CBFA Index;
Find related papers by JEL classification:
- E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
- G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
- G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
- L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Donato Masciandaro, 2010. "Reforming regulation and supervision in Europe: Five missing lessons from the financial crisis," Intereconomics: Review of European Economic Policy, Springer, vol. 45(5), pages 293-296, September.
- Luis Garicano & Rosa M. Lastra, 2010.
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Journal of International Economic Law,
Oxford University Press, vol. 13(3), pages 597-621, September.
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- Carmine Di Noia & Giorgio Di Giorgio, 1999.
"Should Banking Supervision and Monetary Policy Tasks Be Given to Different Agencies,"
Center for Financial Institutions Working Papers
00-11, Wharton School Center for Financial Institutions, University of Pennsylvania.
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- Carmine Di Noia & Giorgio Di Giorgio, 1999. "Should banking supervision and monetary policy tasks be given to different agencies?," Economics Working Papers 411, Department of Economics and Business, Universitat Pompeu Fabra.
- Masciandaro, Donato, 2007. "Divide et impera: Financial supervision unification and central bank fragmentation effect," European Journal of Political Economy, Elsevier, vol. 23(2), pages 285-315, June.
- Donato Masciandaro & Marc Quintyn, 2008. "Institutions Matter: Financial Supervision Architecture, Central Bank and Path Dependence. General Trends and the South Eastern European Countries," Working Papers 89, Bank of Greece.
- Goodhart, Charles & Schoenmaker, Dirk, 1995. "Should the Functions of Monetary Policy and Banking Supervision Be Separated?," Oxford Economic Papers, Oxford University Press, vol. 47(4), pages 539-60, October.
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