Financial Supervision in the EU: Is There Convergence in the National Architectures?

16 Pages Posted: 14 Feb 2009

See all articles by Donato Masciandaro

Donato Masciandaro

Bocconi University - Department of Economics; Bocconi University - Department of Economics (ECO)

Maria Nieto

Banco de España

Marc Quintyn

International Monetary Fund (IMF)

Date Written: February 2008

Abstract

Against the background of the debate on the advisability of further centralizing prudential supervision in the EU this paper develops a study of applied institutional economics, analyzing the financial supervisory architecture of each of the 27 EU countries and assesses their degree of institutional convergence. The paper investigate whether the recent wave of reforms are leading to a convergence of the national architectures.

Keywords: financial supervision, central banking, convergence, European Union

JEL Classification: G28, G38, E58

Suggested Citation

Masciandaro, Donato and Nieto, Maria J. and Quintyn, Marc, Financial Supervision in the EU: Is There Convergence in the National Architectures? (February 2008). Paolo Baffi Centre Research Paper No. 2009-38, Available at SSRN: https://ssrn.com/abstract=1342362 or http://dx.doi.org/10.2139/ssrn.1342362

Donato Masciandaro (Contact Author)

Bocconi University - Department of Economics ( email )

Via Gobbi 5
Milan, 20136
Italy

Bocconi University - Department of Economics (ECO) ( email )

Via Gobbi 5
Milan, 20136
Italy

Maria J. Nieto

Banco de España ( email )

Alcala 50
Madrid 28014
Spain

Marc Quintyn

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

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