We review the extensive literature on systemic risk and connect it to the current regulatory
debate. While we take stock of the achievements of this rapidly growing field, we identify a …

This article analyses the pillar of modern central bank governance, ie central bank
independence, from three perspectives. First, we provide a systematic review of the …

This paper reviews the literature from diverse disciplines in order to trace historically, the
emergence of financial innovation and its governance. It starts with a charting of the …

This paper explores the process of financialization from a historical perspective during the
course of the twentieth century. We identify four phases of financialization: the first from the …

We address the question: What are the potential impacts of Basel III capital framework for
National Development Banks (NDBs) upon their ability to fulfil their developmental …

This chapter investigates the endogenous evolution of central bank institutional design over
the past four decades. From a theoretical perspective, it employs a stylized political economy …

The aim of this Handbook is to make the case for the necessity–conceptual, empirical and
political–to think spatially about the constitution and expressions of money and financial …

The article analyzes the changing face of central banks as prudential supervisors before and
after the 2008–2010 crisis. By the early 2000s an increasing numbers of countries had …

I study the optimal architecture of bank supervision in a federal system. A central supervisor
gets information about a bank, for instance through stress-testing, and decides whether an …

Banking Union–Single Supervisory Mechanism–Economic interplay between monetary
policy and prudential supervision–Strict separation envisaged by the Single Supervisory …