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
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.:
- Leo Frey & Ulrich Volz, 2013.
"Regional Financial Integration In Sub-Saharan Africa – An Empirical Examination Of Its Effects On Financial Market Development,"
South African Journal of Economics,
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- Lucia Dalla Pellegrina & Donato Masciandaro, 2008. "Politicians, central banks, and the shape of financial supervision architectures," Journal of Financial Regulation and Compliance, Emerald Group Publishing, vol. 16(4), pages 290-317, November.
- Lee, Chee Sung & Park, Cyn-Young, 2009. "Beyond the Crisis: Financial Regulatory Reform in Emerging Asia," Working Papers on Regional Economic Integration 34, Asian Development Bank.
- 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.
- 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.
- Cihák, Martin & Podpiera, Richard, 2008. "Integrated financial supervision: Which model?," The North American Journal of Economics and Finance, Elsevier, vol. 19(2), pages 135-152, August.
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