This paper examines the evolution of financial supervision as a policy tool over the last three
decades, with a focus on the issues raised by the Global Crisis. It considers a sample of …

Exchange-traded funds (ETFs) are among the fastest-growing types of innovative financial
products. The emergence and spread of these instruments have been facilitated by the …

It has been argued that economies with more independent central banks experience lower
inflation over time. In this paper we show that this relationship is sensitive to the …

Abstract Following the 2007–09 Global Financial Crisis many countries have changed their
financial supervisory architecture by increasing the involvement of central banks in …

Using a unique data set, this paper studies the governance of anti-money laundering (AML)
supervisors known as Financial Intelligence Units (FIUs). We start from a theoretical …

This paper analyzes recent trends in, and determinants of, financial supervisory governance
inside and outside central banks. We first review the case for supervisory independence and …

Abstract The Great Crisis has highlighted the importance of establishing macro prudential
architectures to address problems of financial stability. Central banks are always part of …

This paper studies institutional structures of prudential and business conduct supervision of
financial services in 98 high and middle income countries over the past decade. It identifies …

This paper analyses how the role of the central bank can influence the unification of the
overall financial supervision architecture. We claim that the policymaker's choices can be …

This book fills a gap in academic literature on the politics and public policy aspects of central
banking in Europe, by conducting a theoretically-informed and empirically-grounded …