Financial Policy in Practice

• Tác giả: Samuel Munzele Maimbo
• Ngôn ngữ: eng
• Ký hiệu phân loại: 332.46 Monetary policy
• Thông tin xuất bản: Taylor and Francis, 2015
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 326496
• Chủ đề: 1. financial development; 2. financial sector; 3. policy formulation; 4. systemic risk; 5. trade-offs

Tóm tắt

Policy makers use financial sector strategies to formulate a holistic policy for the national financial system. This article examines and rates financial sector strategies around the world on how well they formulate development targets, arrangements for systemic risk management, and implementing plans. The strategies are also rated on whether they consider policy trade-offs between financial development and systemic risk management. The rated strategies are then benchmarked against a range of country characteristics. The analysis finds that the scope and quality of national strategies for the financial sector are systematically influenced by several country characteristics. Interestingly, policy trade-offs, particularly between financial development and systemic risk management, are not adequately considered in the strategies.