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The Development of a European Prudential System

Author

Listed:
  • Michel Aglietta
  • Laurence Scialom
  • Thierry Sessin

Abstract

[eng] Financial markets are integrating fast with the advent of the euro. To cope with accrued competition, financial intermediaries have developed mergers. Credit and market risk are so correlated it poses problem to prudential regulation. This article proposes some ways of reforms. . JEL Classifications : G28

Suggested Citation

  • Michel Aglietta & Laurence Scialom & Thierry Sessin, 2000. "The Development of a European Prudential System," Revue d'Économie Financière, Programme National Persée, vol. 60(5), pages 59-83.
    • Handle: RePEc:prs:recofi:ecofi_1767-4603_2000_num_60_5_4505
    DOI: 10.3406/ecofi.2000.4505
    Note: DOI:10.3406/ecofi.2000.4505
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    References listed on IDEAS

    as
    1. Michel Aglietta & Laurence Scialom, 1998. "Vers une nouvelle doctrine prudentielle," Revue d'Économie Financière, Programme National Persée, vol. 48(4), pages 47-73.
    2. Curzio Giannini, 1999. "Enemy of None But a Common Friend of All? An International Perspectiveon the Lender-Of-Last-Resort Function," IMF Working Papers 1999/010, International Monetary Fund.
    3. Working Group of the Economic and Financial Committee, 2000. "Report on financial stability," European Economy - Economic Papers 2008 - 2015 143, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    4. Mr. Haizhou Huang & Mr. C. A. E. Goodhart, 1999. "A Model of the Lender of Last Resort," IMF Working Papers 1999/039, International Monetary Fund.
    5. Charles A. E. Goodhart & Haizhou Huang, 1999. "A model of the lender of last resort," Proceedings, Federal Reserve Bank of San Francisco.
    6. Haizhou Huang & Charles Goodhart, 1999. "A Simple Model of an International Lender of Last Resort," FMG Discussion Papers dp336, Financial Markets Group.
    7. Ms. G. G. Garcia, 1999. "Deposit Insurance: A Survey of Actual and Best Practices," IMF Working Papers 1999/054, International Monetary Fund.
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    Cited by:

    1. Robert Guttmann, 2011. "Basel II: A New Regulatory Framework for Global Banking," Chapters, in: Claude Gnos & Louis-Philippe Rochon (ed.), Credit, Money and Macroeconomic Policy, chapter 8, Edward Elgar Publishing.

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    More about this item

    JEL classification:

    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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