192 records from EconBiz based on author Name

1. Institutions Matter : Financial Supervision Architecture, Central Bank and Path Dependence. General Trends and the South Eastern European Countries

abstract

We propose a path dependence approach to analyze the evolution of the financial supervisory architecture, focusing on the institutional role of the central bank, and then apply our framework to describe the institutional settings in a selected sample of countries. The policymaker who decides to maintain or reform the supervisory architecture is influenced by the existing institutional setting in a systematic way: the more the central bank is actually involved in supervision, the less likely a more concentrated supervisory regime will emerge, and vice versa (path dependence effect). We test the path dependence effect describing and evaluating the evolution and the present state of the architecture of six national supervisory regimes in South Eastern Europe (SEE): Albania, Bulgaria, Greece, Romania, Serbia and Turkey. The study of the SEE countries confirms the postulated role of the central bank in the institutional setting. In five cases the high involvement of the central bank in supervision is correlated with a multi–authority regime, while in one case a high degree of financial supervision unification is related with low central bank involvement

Masciandaro, Donato; Quintyn, Marc;
2022
Availability: Link Link
Citations: 2 (based on OpenCitations) Cited By

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2. Will They Sing the Same Tune? Measuring Convergence in the New European System of Financial Supervision

abstract

In June 2009 a new financial supervisory framework for the European Union (EU) was endorsed, consisting of a macro- and a micro-prudential pillar. The latter is composed of a Steering Committee, a supranational layer and a network of national supervisory authorities at the bottom, de facto establishing a complex multiple principals-multiple agents network. This paper focuses on the network of national agencies. Starting from an analysis of supervisory architectures and governance arrangements, we assess to what extent lack of convergence could undermine efficient and effective supervision. The main conclusion is that harmonization of governance arrangements towards best practice would better align supervisors’ incentive structures and, hence, be beneficial for the quality of supervision

Masciandaro, Donato; Nieto, Maria; Quintyn, Marc;
2021
Availability: Link Link

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3. The Accountability of Financial Sector Supervisors Principles and Practice

abstract

Policymakers' uneasiness about granting independence to financial sector regulators stems to a large extent from the lack of familiarity with, and elusiveness of, the concept of accountability. This paper gives operational content to accountability and argues that it is possible to do so in a way that encourages and supports agency independence. The paper first elaborates on the role and purposes of accountability. Second, it shows that the unique features of financial sector supervision point to a more complex system of accountability arrangements than, for instance, the conduct of monetary policy. Finally, the paper discusses specific arrangements that can best secure the objectives of accountability and, thus, independence. Our findings have a wider application than financial sector supervision

Quintyn, Marc; Hüpkes, Eva H. G.; Taylor, Michael;
2021
Availability: Link Link
Citations: 6 (based on OpenCitations) Cited By

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4. Money, regulation and growth : financing new growth in Europe ; [on 4 - 5 June, 2014, SUERF and Baffi Finlawmetrics jointly organised a Colloquium/Conference "Money, Regulation and Growth: Financing New Growth in Europe" at Bocconi University in Milan]

Quintyn, Marc; Bruni, Franco;
2014
Type: Konferenzschrift; Conference proceedings; Sammelwerk; Collection of articles of several authors;
Availability:

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5. Money, regulation and growth : financing new growth in Europe : a joint publication with the BAFFI Center on International Markets, Money & Regulation

abstract

On June 4-5, 2014, SUERF and Baffi Finlawmetrics jointly organised a Colloquium/Conference "Money, Regulation and Growth: Financing New Growth in Europe" at Bocconi University, Milan. The present SUERF Study includes a selection of papers based on the authors’ contributions to the Milan event. The overall themes at the conference were the implications for economic growth of monetary policy, financial regulation and structural changes in European financial institutions and markets.

Quintyn, Marc; Masciandaro, Donato; Lierman, Frank; Balling, Morten;
2014
Type: Konferenzschrift; Conference proceedings; Sammelwerk; Collection of articles of several authors; Graue Literatur; Non-commercial literature;
Availability: Link

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6. The evolution of financial supervision : the continuing search for the Holy Grail

Masciandaro, Donato; Quintyn, Marc;
2013
Type: Aufsatz im Buch; Book section;
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7. Structural reforms, IMF programs and capacity building : an empirical investigation

abstract

This paper investigates the role that International Monetary Fund (IMF) programs and capacity building play in fostering structural reforms. To do so, we exploit two novel datasets on IMF capacity building and structural reforms available for over one hundred IMF member countries over the period 1980 - 2010. The main results are threefold. First, there is a general association between IMF programs and structural reforms but this relationship is not very robust. Second, IMF training leads to an increase in structural reforms but only through IMF programs and only when a significant share of pub

Arezki, Rabah; Quintyn, Marc; Toscani, Frederik;
2012
Type: Arbeitspapier; Working Paper; Graue Literatur; Non-commercial literature;
Availability:

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8. Education attainment in public administration around the world : evidence from a new dataset

abstract

The paper provides a detailed description of a novel dataset on education attainment in public administrations covering the period 1981-2011 for 178 countries. The dataset uses information extracted from CVs for over 130,000 mid to senior level officials from mainly central banks and ministries of economy and finance. Our main finding is that there is little heterogeneity across regions when considering a non quality-adjusted measure of education attainment in public administrations. Adjusting our measure for quality, using a country wide academic ranking, reveals important cross-regional hete

Arezki, Rabah; Lui, Herbert; Quintyn, Marc; Toscani, Frederik;
2012
Type: Arbeitspapier; Working Paper; Graue Literatur; Non-commercial literature;
Availability:

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9. Institutional transformations, polity and economic outcomes : testing the North-Wallis-Weingast doorsteps framework

Gollwitzer Franke, Sophia; Quintyn, Marc;
2012
Type: Arbeitspapier; Working Paper; Graue Literatur; Non-commercial literature;
Availability:

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10. Commodity prices and exchange rate volatility : lessons from South Africa’s capital account liberalization

abstract

We examine the relationship between South African Rand and gold price volatility using monthly data for the period 1980-2010. Our main findings is that prior to capital account liberalization the causality runs from South African Rand to gold price volatility but the causality runs the other way around for the post-liberalization period. These findings suggest that gold price volatility plays a key role in explaining both the excessive exchange rate volatility and current disproportionate share of speculative (short-run) inflows that South Africa has been coping with since the opening up of its capital account

Arezki, Rabah; Dumitrescu, Elena-Ivona; Freytag, Andreas; Quintyn, Marc;
2012
Type: Graue Literatur; Non-commercial literature; Arbeitspapier; Working Paper;
Availability: Link Link Link
Citations: 8 (based on OpenCitations) Cited By

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