Contents

The Effectiveness of Financial Supervision Frameworks

Sohn, Wook / Iegor Vyshnevskyi

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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.

Issue Date
2020-04
Publisher
North American Business Press
Keywords(Author)
Accounting; Finance; Financial Supervisory; Financial Supervisory Framework; Institutional (Sectoral) Model; Integrated Model; Twin Peaks Model; Functional Model; Hybrid Model
DOI
10.33423/jaf.v20i1.2743
Journal Title
Journal of Accounting and Finance
Start Page
82
End Page
92
ISSN
2158-3625
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