Restructuring Financial Regulation in the European Monetary Union
Restructuring Financial Regulation in the European Monetary Union
复制标题
欧洲货币联盟金融监管重组
DOI：
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发表时间：
2001
期刊：
影响因子：
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通讯作者：
X. Vives
中科院分区：
文献类型：
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作者：
X. Vives
本文认为，目前的金融监管安排在欧洲货币联盟是不够的，无论是维护稳定或促进金融一体化。金融监管的改革应该集中在以下几个方面：·以欧洲央行为中心，建立明确的危机贷款和管理程序; ·为银行、保险和证券业的更集中监管安排奠定基础;·建立并巩固积极的国内和欧盟范围内的竞争政策，限制地方市场力量和大到不能倒的国家冠军企业。
This article argues that present financial regulatory arrangements within the European Monetary Union are not adequate either to preserve stability or to foster financial integration. Reform of financial regulation should concentrate on •establishing clear procedures for crisis lending and management, with the European Central Bank at the center; •preparing the ground for more centralized supervisory arrangements in banking, insurance, and securities; and •establishing and consolidating an active domestic and European Union-wide competition policy that limits local market power and national champions that are too big to fail.