The Inflation-Unemployment Trade-Off at Low Inflation Pierpaolo Benigno

ISBN: 9781282842564

Published: July 31st 2004

ebook

46 pages


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The Inflation-Unemployment Trade-Off at Low Inflation  by  Pierpaolo Benigno

The Inflation-Unemployment Trade-Off at Low Inflation by Pierpaolo Benigno
July 31st 2004 | ebook | PDF, EPUB, FB2, DjVu, AUDIO, mp3, ZIP | 46 pages | ISBN: 9781282842564 | 4.16 Mb

The paper analyzes the quality of financial sector regulation and supervision around the globe. Unlike studies that collect and analyze data on regulation and supervision on the books, this study also analyzes available information on supervisoryMoreThe paper analyzes the quality of financial sector regulation and supervision around the globe. Unlike studies that collect and analyze data on regulation and supervision on the books, this study also analyzes available information on supervisory implementation, making use of data from IMF-World Bank assessments of compliance with international standards and codes.

Incorporating supervisory implementation into the study provides an improved means of assessing countries regulatory systems. We find that countries regulatory frameworks score on average one notch below full compliance with the standards (on a 4-notch scale). There are substantial differences in the quality of regulatory and supervisory frameworks across countries, with the income level being a major factor.



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