IDEAS home Printed from https://ideas.repec.org/a/fan/ededed/vhtml10.3280-ed2016-003005.html
   My bibliography  Save this article

L?attribuzione della vigilanza bancaria alla BCE: un approccio di political economy

Author

Listed:
  • Elena Seghezza

Abstract

All?atto della sua costituzione alla BCE non fu concessa, accanto alla funzione monetaria, la responsabilit? della vigilanza bancaria. La crisi finanziaria del 2008-2009 e quella del debito sovrano del 2010-2011 hanno indotto policymakers e economisti a riconsiderare la questione. In questo contributo si ripercorre il processo attraverso cui si ? pervenuti ad attribuire le funzioni di vigilanza alla BCE. Tale processo ? presentato come l?esito di un negoziato tra diversi attori politici. Nel loro interagire questi attori possono dar luogo ad alleanze e coalizioni. Come gli altri attori politici anche le istituzioni internazionali vivono di fasi in cui il loro potere aumenta e fasi in cui il loro potere diminuisce. In occasione delle recenti crisi finanziarie la BCE ha svolto un ruolo cruciale per la preservazione dell?integrit? dell?Eurozona. A seguito di ci? la sua influenza politica ? sensibilmente aumentata. Sfruttando anche questo fattore la BCE ha potuto estendere il suo potere acquisendo la responsabilit? della vigilanza sulle banche dell?Eurozona.

Suggested Citation

  • Elena Seghezza, 2016. "L?attribuzione della vigilanza bancaria alla BCE: un approccio di political economy," ECONOMIA E DIRITTO DEL TERZIARIO, FrancoAngeli Editore, vol. 2016(3), pages 423-438.
    • Handle: RePEc:fan:ededed:v:html10.3280/ed2016-003005
    as

    Download full text from publisher

    File URL: http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=58545&Tipo=ArticoloPDF
    Download Restriction: Single articles can be downloaded buying download credits, for info: https://www.francoangeli.it/DownloadCredit
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Goodhart, C. A. E., 2010. "The Changing Role of Central Banks," Working Papers 11-27, University of Pennsylvania, Wharton School, Weiss Center.
    2. Schoenmaker, Dirk, 2011. "The financial trilemma," Economics Letters, Elsevier, vol. 111(1), pages 57-59, April.
    3. Charles Goodhart, 2010. "The changing role of central banks," BIS Working Papers 326, Bank for International Settlements.
    4. Patrick Leblond, 2014. "The logic of a banking union for Europe," Journal of Banking Regulation, Palgrave Macmillan, vol. 15(3-4), pages 288-298, September.
    5. Mark A. Pollack, 2001. "International Relations Theory and European Integration," Journal of Common Market Studies, Wiley Blackwell, vol. 39(2), pages 221-244, June.
    6. Rachel A. Epstein & Martin Rhodes, 2014. "Banking Nationalism on the Road to Banking Union," KFG Working Papers p0061, Free University Berlin.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Berger, Wolfram & Kißmer, Friedrich, 2013. "Central bank independence and financial stability: A tale of perfect harmony?," European Journal of Political Economy, Elsevier, vol. 31(C), pages 109-118.
    2. José Jorge, 2016. "The Shape of Regulation to Come," CEF.UP Working Papers 1602, Universidade do Porto, Faculdade de Economia do Porto.
    3. Breedon, Francis, 2018. "On the transactions costs of UK quantitative easing," Journal of Banking & Finance, Elsevier, vol. 88(C), pages 347-356.
    4. Tsvetomira Tsenova, 2014. "International monetary transmission with bank heterogeneity and default risk," Annals of Finance, Springer, vol. 10(2), pages 217-241, May.
    5. Gouriéroux, C. & Monfort, A. & Renne, J.-P., 2022. "Required Capital for Long-Run Risks," Journal of Economic Dynamics and Control, Elsevier, vol. 144(C).
    6. Kotaro Ishi & Mr. Kenji Fujita & Mr. Mark R. Stone, 2011. "Should Unconventional Balance Sheet Policies Be Added to the Central Bank toolkit? a Review of the Experience so Far," IMF Working Papers 2011/145, International Monetary Fund.
    7. repec:hal:spmain:info:hdl:2441/6ggbvnr6munghes9oasij6sc6 is not listed on IDEAS
    8. Donato Masciandaro, 2018. "Central Banks And Macroprudential Policies: Economics And Politics," BAFFI CAREFIN Working Papers 1878, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    9. Christophe Blot & Jérôme Creel & Paul Hubert & Fabien Labondance, 2014. "Les enjeux du triple mandat de la BCE," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(3), pages 175-186.
    10. repec:spo:wpecon:info:hdl:2441/6ggbvnr6munghes9oasij6sc6 is not listed on IDEAS
    11. Donato Masciandaro & Davide Romelli, 2017. "Twin Peaks And Central Banks: Economics, Political Economy And Comparative Analysis," BAFFI CAREFIN Working Papers 1768, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    12. Mercedes Marcó del Pont, 2013. "Introduction: the role of central banks in economic development with an emphasis on the recent Argentinean experience," Review of Keynesian Economics, Edward Elgar Publishing, vol. 1(3), pages 267-272, January.
    13. repec:hal:wpspec:info:hdl:2441/6ggbvnr6munghes9ob627a1r2 is not listed on IDEAS
    14. Esteban Pérez Caldentey & Matias Vernengo, 2012. "Heterodox Central Bankers: Eccles, Prebisch and Financial Reform in 1930s," Working Paper Series, Department of Economics, University of Utah 2012_04, University of Utah, Department of Economics.
    15. Nicholas Crafts, 2014. "What Does the 1930s' Experience Tell Us about the Future of the Eurozone?," Journal of Common Market Studies, Wiley Blackwell, vol. 52(4), pages 713-727, July.
    16. Christophe Blot & Jérôme Creel & Paul Hubert & Fabien Labondance, 2014. "Dealing with the ECB's triple mandate?," Sciences Po publications info:hdl:2441/53ccj34tat8, Sciences Po.
    17. Bhattacharyya, Nikhilesh., 2012. "Monetary policy and employment in developing Asia," ILO Working Papers 994685223402676, International Labour Organization.
    18. Emmanuel Carré & Jézabel Couppey-Soubeyran & Dominique Plihon & Marc Pourroy, 2013. "Central Banking after the Crisis: Brave New World or Back to the Future? Replies to a questionnaire sent to central bankers and economists," Post-Print halshs-00881344, HAL.
    19. William B English & J David López-Salido & Robert J Tetlow, 2015. "The Federal Reserve’s Framework for Monetary Policy: Recent Changes and New Questions," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 63(1), pages 22-70, May.
    20. Daniel Sámano Peñaloza, 2011. "In the quest for macroprudential policy tools," Premio de Banca Central Rodrigo Gómez / Central Banking Award "Rodrigo Gómez", Centro de Estudios Monetarios Latinoamericanos, CEMLA, number prg2011eng, July-Dece.
    21. Xavier Timbeau, 2013. "La crise sur un plateau: Perspectives 2013-2014," Sciences Po publications info:hdl:2441/6ggbvnr6mun, Sciences Po.
    22. Issing, Otmar, 2012. "Central banks: Paradise lost," CFS Working Paper Series 2012/06, Center for Financial Studies (CFS).
    23. Eva Zamrazilová, 2011. "Měnová politika: staré lekce, nové výzvy [Monetary Policy: Old Lessons and New Challenges]," Politická ekonomie, Prague University of Economics and Business, vol. 2011(1), pages 3-21.

    More about this item

    Keywords

    BCE; vigilanza bancaria; attori politici; political economy.;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fan:ededed:v:html10.3280/ed2016-003005. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Stefania Rosato (email available below). General contact details of provider: http://www.francoangeli.it/riviste/sommario.aspx?IDRivista=202 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.