The Effectiveness of Financial Supervision Frameworks

Authors

  • Wook Sohn KDI School of Public Policy and Management
  • Iegor Vyshnevskyi National Bank of Ukraine

DOI:

https://doi.org/10.33423/jaf.v20i1.2743

Keywords:

Accounting, Finance, financial supervisory, financial supervisory framework, institutional (sectoral) model, integrated model, twin peaks model, functional model, hybrid model

Abstract

This paper examines the effectiveness of five types of financial supervisory frameworks by using 49 member countries of the G20 and/or OECD for the period of 1997-2015. We find that the effectiveness, proxied by the probability of default of a country's banking system, of the hybrid supervisory model is statistically higher than that of the institutional (sectoral) framework. This result suggests that no single financial supervisory model is superior to all others, and creating the best model may require some adjustment of the typical four models.

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Published

2020-04-02

How to Cite

Sohn, W., & Vyshnevskyi, I. (2020). The Effectiveness of Financial Supervision Frameworks. Journal of Accounting and Finance, 20(1). https://doi.org/10.33423/jaf.v20i1.2743

Issue

Vol. 20 No. 1 (2020)

Section

Articles

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