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Prudential Supervision
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Prudential Supervision: What Works and What Doesn't

Frederic S. Mishkin

Abstract

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 volume examine the current state of prudential supervision, focusing on fundamental issues and ke ... More

Keywords: banking systems, economy, risk taking, moral hazard, corruption, government regulation, mismanagement, system overload, regulatory rules, risk management

Bibliographic Information

Print publication date: 2002 Print ISBN-13: 9780226531885
Published to Chicago Scholarship Online: February 2013 DOI:10.7208/chicago/9780226531939.001.0001

Authors

Affiliations are at time of print publication.

Frederic S. Mishkin, editor

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