Abstract
In recent years, financial liberalization and deregulation has been accompanied by a parallel process of re-regulation, concerned primarily with the design and implementation of prudential measures. The resulting set of new prudential regulations are likely to raise several issues which, in one way or another, relate to the growing literature on ‘optimal’ banking regulation. These include issues of static and time consistency, and of the impact of the regulations on the allocation of resources and the management of systemic risks.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Ch. de Boissieu (1987), Lessons from the French Experience as Compared with some other OECD Countries, in M. de Cecco (ed.), Changing Money Financial Innovation in Developed Countries. Basil Blackwell, Oxford.
A. Boot and S. Greenbaum (1993), Bank regulation, reputation and rents: theory and policy implications in C. Mayer and X. Vives (eds), Capital Markets and Financial Intermediation. Cambridge University Press, Cambridge.
M. Dewatripont and J. Tirole (1993), Efficient governance structure: implications for banking regulation, in C. Mayer and X. Vives (eds), op.cit.
D. Kim and A. Santomero (1988). Risk in banking and Capital Regulation, Journal of Finance, December, pp. 1219–1233.
V. Levy-Garboua (1993). Le ratio Cooke et les fonds propres des banques, Revue d’Économie Financière, Winter, pp. 47–73.
R. Masera (1990) Issues in Financial Regulation: Efficiency, Stability, Information in D. Fair and Ch. de Boissieu (eds.), Financial Institutions in Europe under New Competitive Conditions, Kluwer Academic Publishers, Dordrecht.
J.C. Rochet (1992), Towards a Theory of Optimal Banking Regulation, Cahiers Économiques et Monétaires, Banque de France, n°40.
A. Santomero and R. Watson (1977), Determining an Optimal Standard for the Banking Industry, Journal of Finance, September, pp. 1267–1282.
Editor information
Editors and Affiliations
Copyright information
© 1997 The Regulatory Policy Institute
About this chapter
Cite this chapter
de Boissieu, C. (1997). Efficiency and stability considerations in the design of prudential ratios: Some reflections. In: Jeunemaître, A. (eds) Financial Markets Regulation. Studies in Regulation. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-25867-3_8
Download citation
DOI: https://doi.org/10.1007/978-1-349-25867-3_8
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-25869-7
Online ISBN: 978-1-349-25867-3
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)