The European Systemic Risk Board – governance and early experience

IF 3.3 3区经济学 Q1 DEVELOPMENT STUDIES

Journal of Economic Policy Reform Pub Date : 2020-07-02 DOI:10.1080/17487870.2019.1683011

Michael Ehrmann, P. Schure

引用次数: 4

Abstract

ABSTRACT The European Systemic Risk Board is charged with the macroprudential oversight of the financial system in the European Union. We compare and contrast the ESRB with the U.S. National Transportation Safety Board, which some scholars proposed as a role model for systemic risk management. There are parallels and some differences between these organisations. Neither institution has direct regulatory power, which could paradoxically be beneficial as it may help preserve their independence and objectivity in the long run. We also review the ESRB’s activities after it started in 2010 and assess the effect of its first public recommendation.

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欧洲系统风险委员会——治理和早期经验

摘要：欧洲系统风险委员会负责对欧盟金融体系进行宏观审慎监管。我们将ESRB与美国国家运输安全委员会进行了比较，一些学者将其作为系统风险管理的榜样。这些组织之间既有相似之处，也有不同之处。这两个机构都没有直接的监管权力，这可能是有益的，因为从长远来看，这可能有助于保持它们的独立性和客观性。我们还审查了ESRB在2010年启动后的活动，并评估了其首次公开建议的效果。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Economic Policy Reform Multiple-

CiteScore

6.60

自引率

0.00%

发文量

期刊介绍： The Journal of Economic Policy Reform focuses on the analysis of economic policy reform. The journal draws upon what lessons can be learned from the successes and failures of countries undertaking reforms and how existing theories can be developed to shed light on positive as well as normative aspects of the reform process. The Journal of Economic Policy Reform encourages work from economists and political economy analysts on policies to promote growth and reduce poverty, intellectual property rights, aid versus trade, debt and debt relief, taxation and social security systems, surveys of key reform issues, as well as on corruption, democracy, emerging markets and the role of multilateral institutions.