Suchergebnisse

'Der folgende Bericht ist das Ergebnis eines Arbeits- und Forschungsaufenthaltes von März bis Juli 1996 bei der Bulgarischen Nationalbank. Der Bericht analysiert die makroökonomischen Faktoren der Bankenkrise Bulgariens, welche sich seit Beginn der Transformation abzeichnet und im Jahre 1996 akut wurde. Die bulgarische Bankenkrise zeigt besonders deutlich stellvertretend für andere Ökonomien Mittel- und Osteuropas die Problematik der Transformation des Finanzsektors.' (Autorenreferat)

This open access book provides a readable narrative of the bubbles and the banking crisis Japan experienced during the two decades between the late 1980s and the early 2000s. Japan, which was a leading competitor in the world's manufacturing sector, tried to transform itself into an economy with domestic demand-led mature growth, but the ensuing bubbles and crisis instead made the country suffer from chronicle deflation and stagnation. The book analyses why the Japanese authorities could not avoid making choices that led to this outcome. The chapters are based on the lectures to regulators from emerging economies delivered at the Global Financial Partnership Center of the Financial Services Agency of Japan.

© 2019 Elsevier Inc. The accountability of bank supervisors to the executive and the legislative branches of the government varies across countries and over time. Using cross-country panel data, we explore whether a banking crisis can affect these accountability arrangements. According to our results, supervisory accountability to the executive branch only becomes more likely following a banking crisis. Our contribution is to the nascent but important literature on the governance of bank supervisors.