Financial Policy in Practice : Benchmarking Financial Sector Strategies Around the World

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 pla...

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Main Authors:	Maimbo, Samuel Munzele, Melecky, Martin
Format:	Journal Article
Language:	en_US
Published:	Taylor and Francis 2015
Subjects:	financial sector policy formulation trade-offs financial development systemic risk risk management
Online Access:	http://hdl.handle.net/10986/22692

id	okr-10986-22692
recordtype	oai_dc
spelling	okr-10986-226922021-04-23T14:04:10Z Financial Policy in Practice : Benchmarking Financial Sector Strategies Around the World Maimbo, Samuel Munzele Melecky, Martin financial sector policy formulation trade-offs financial development systemic risk risk management 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. 2015-09-28T15:13:15Z 2015-09-28T15:13:15Z 2015-07-11 Journal Article Emerging Markets Finance and Trade 1540-496X http://hdl.handle.net/10986/22692 en_US CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Taylor and Francis Publications & Research Publications & Research :: Journal Article
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	en_US
topic	financial sector policy formulation trade-offs financial development systemic risk risk management
spellingShingle	financial sector policy formulation trade-offs financial development systemic risk risk management Maimbo, Samuel Munzele Melecky, Martin Financial Policy in Practice : Benchmarking Financial Sector Strategies Around the World
description	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.
format	Journal Article
author	Maimbo, Samuel Munzele Melecky, Martin
author_facet	Maimbo, Samuel Munzele Melecky, Martin
author_sort	Maimbo, Samuel Munzele
title	Financial Policy in Practice : Benchmarking Financial Sector Strategies Around the World
title_short	Financial Policy in Practice : Benchmarking Financial Sector Strategies Around the World
title_full	Financial Policy in Practice : Benchmarking Financial Sector Strategies Around the World
title_fullStr	Financial Policy in Practice : Benchmarking Financial Sector Strategies Around the World
title_full_unstemmed	Financial Policy in Practice : Benchmarking Financial Sector Strategies Around the World
title_sort	financial policy in practice : benchmarking financial sector strategies around the world
publisher	Taylor and Francis
publishDate	2015
url	http://hdl.handle.net/10986/22692
_version_	1764451786614112256

Financial Policy in Practice : Benchmarking Financial Sector Strategies Around the World

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