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Does monetary policy affect the central bank's role in bank supervision?

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Does monetary policy affect the central bank's role in bank supervision? / Ioannidou, Vasso.
In: Journal of Financial Intermediation, Vol. 14, No. 1, 01.2005, p. 58-85.

Research output: Contribution to Journal/MagazineJournal articlepeer-review

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Ioannidou V. Does monetary policy affect the central bank's role in bank supervision? Journal of Financial Intermediation. 2005 Jan;14(1):58-85. doi: 10.1016/j.jfi.2004.04.002

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Ioannidou, Vasso. / Does monetary policy affect the central bank's role in bank supervision?. In: Journal of Financial Intermediation. 2005 ; Vol. 14, No. 1. pp. 58-85.

Bibtex

@article{1a2ef43182424b609420f083e83cc014,
title = "Does monetary policy affect the central bank's role in bank supervision?",
abstract = "This paper examines whether monetary policy responsibilities alter the central bank's role as a bank supervisor. The analysis focuses on the United States, where the Federal Reserve System shares supervisory duties with the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation. Among the three institutions, the Fed is the only one responsible for monetary policy. Hence, the Fed's supervisory behavior—as captured by formal actions—is compared with the behavior of the other two agencies. The results suggest that the Fed's monetary policy responsibilities do alter its bank supervisory behavior: indicators of monetary policy affect the supervisory actions of the Fed, but do not affect the actions of the other two agencies.",
keywords = "Central banking, Bank supervision, Monetary policy",
author = "Vasso Ioannidou",
year = "2005",
month = jan,
doi = "10.1016/j.jfi.2004.04.002",
language = "English",
volume = "14",
pages = "58--85",
journal = "Journal of Financial Intermediation",
issn = "1042-9573",
publisher = "Academic Press Inc.",
number = "1",

}

RIS

TY - JOUR

T1 - Does monetary policy affect the central bank's role in bank supervision?

AU - Ioannidou, Vasso

PY - 2005/1

Y1 - 2005/1

N2 - This paper examines whether monetary policy responsibilities alter the central bank's role as a bank supervisor. The analysis focuses on the United States, where the Federal Reserve System shares supervisory duties with the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation. Among the three institutions, the Fed is the only one responsible for monetary policy. Hence, the Fed's supervisory behavior—as captured by formal actions—is compared with the behavior of the other two agencies. The results suggest that the Fed's monetary policy responsibilities do alter its bank supervisory behavior: indicators of monetary policy affect the supervisory actions of the Fed, but do not affect the actions of the other two agencies.

AB - This paper examines whether monetary policy responsibilities alter the central bank's role as a bank supervisor. The analysis focuses on the United States, where the Federal Reserve System shares supervisory duties with the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation. Among the three institutions, the Fed is the only one responsible for monetary policy. Hence, the Fed's supervisory behavior—as captured by formal actions—is compared with the behavior of the other two agencies. The results suggest that the Fed's monetary policy responsibilities do alter its bank supervisory behavior: indicators of monetary policy affect the supervisory actions of the Fed, but do not affect the actions of the other two agencies.

KW - Central banking

KW - Bank supervision

KW - Monetary policy

U2 - 10.1016/j.jfi.2004.04.002

DO - 10.1016/j.jfi.2004.04.002

M3 - Journal article

VL - 14

SP - 58

EP - 85

JO - Journal of Financial Intermediation

JF - Journal of Financial Intermediation

SN - 1042-9573

IS - 1

ER -