Prudential Supervision : What Works and What Doesn't [About Banking Systems]

Frederic S. Mishkin (ed.) ; Barth, Caprio, Levine, Meyer, Bliss, Flannery, Calomiris, Powell, Carey, Kroszner, Strahan, Peek, Rosengren, Tootell, Berger, Kyle and Scalise

ISBN 10: 0226531880 / ISBN 13: 9780226531885

Published by University of Chicago Press, 2001

About this Item

Pages at back have minor bottom-corner crease; tight, text clean, in bright, fresh dust jacket, the front flap of which has a faint vertical crease. 368 p. [b 373].

Seller Inventory # 100170

Bibliographic Details

• Title: Prudential Supervision : What Works and What Doesn't [About Banking Systems]
• Publisher: University of Chicago Press
• Publication Date: 2001
• Language: English
• ISBN 10: 0226531880
• ISBN 13: 9780226531885
• Binding: Hardcover
• Edition: 1st Edition
• Condition: Very Good
• Dust Jacket Condition: Dust Jacket Included

About this title

Synopsis

Since banking systems play a crucial role in maintaining the overall health of the economy, the adverse effects of poorly supervised systems may be quite severe. Without some form of vigilant external oversight, banking systems could fall prey to excessive risk taking, moral hazard, and corruption. Prudential supervision provides that oversight, using government regulation and monitoring to ensure the soundness of the banking system and, by extension, the economy at large.

The contributors to this thoughtful volume examine the current state of prudential supervision, focusing on fundamental issues and key pragmatic concerns. Why is prudential supervision so important? What kinds of excess must it guard against? What particular forms does it take? Which of these are the most effective deterrents against mismanagement and system overload in today's rapidly shifting financial climate? The contributors foresee a continued movement beyond simple regulatory rules in banking and toward a more active evaluation and supervision of a bank's risk management practices.

About the Author

Frederic S. Mishkin is the Alfred Lerner Professor of Banking and Financial Institutions at the Graduate School of Business at Columbia University and a research associate of the National Bureau of Economic Research. He is the author of A Rational Expectations Approach to Macroeconometrics, published by the University of Chicago Press.