Regional Economic Integration And National Financial Supervision. A Comparative Study
AbstractThe paper analyses the case of some regional economic integration areas in order tofind common aspects concerning the organization of national financial supervision. More exactly,starting from the European Union case, where reforming the European financial supervision systemis an important topic, as well as the reform of the national supervisory frameworks, we extended theanalysis to some other regional economic integration areas (in North America, Asia and Africa).Our research objective is twofold: to look for patterns, if the regional economic integration favoursa certain form of national financial supervision and if, correlated with the level of economicintegration, there is a preoccupation to create a supra-national supervision system. Our resultsshow that there is no correlation between the level of regional economic integration and thestructure of financial supervision.
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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 (2012)
Issue (Month): 14 ()
Contact details of provider:
economic integration; financial supervision; EU; NAFTA; ASEAN; Mercosur; WAEMU;
Find related papers by JEL classification:
- E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
- F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
- G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
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- Giorgio Di Giorgio & Carmine Di Noia, 2001. "Financial Regulation and Supervision in the Euro Area: A Four-Peak Proposal," Center for Financial Institutions Working Papers 01-02, Wharton School Center for Financial Institutions, University of Pennsylvania.
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- Leo Frey & Ulrich Volz, 2013.
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- 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.
- Masciandaro, Donato, 2009. "Politicians and financial supervision unification outside the central bank: Why do they do it?," Journal of Financial Stability, Elsevier, vol. 5(2), pages 124-146, June.
- Reza Siregar & Willam James, 2004. "Designing an Integrated Financial Supervision Agency: Selected Lessons and Challenges for Indonesia," Centre for International Economic Studies Working Papers 2004-05, University of Adelaide, Centre for International Economic Studies.
- 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.
- Martin CihÃ¡k & Richard Podpiera, 2006. "Is One Watchdog Better Than Three? International Experience with Integrated Financial Sector Supervision," IMF Working Papers 06/57, International Monetary Fund.
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