Theoretical and Applied Economics
No. 5 / 2011 (558)
Model for the Assessment of the Effectiveness of the Banking Supervision Activity
Bucharest Academy of Economic Studies
Elena GEORGESCU
Bucharest Academy of Economic Studies
Abstract. The financial crisis has revealed a series of weaknesses and gaps of the supervision of the financial system. The conclusions of the different reports aiming to discover the causes of the crisis, that were prepared by organizations and authorities with prerogatives in this field, were followed by the initiative of reforming the architecture of the supervision at the EU level and of reviewing the regulatory framework related to the areas for which significant vulnerabilities had been identified. In order to avoid repeating such episodes, which represent a peril for the maintenance of the financial stability, the completion of these steps is required, through the efforts of the national supervisory authorities, which have to contribute to the enhancement of the effectiveness of their activity. Thus, the rigorous assessment of the supervisory activity’s effectiveness becomes necessary, which represents, in our opinion, a precondition for adopting those strategic decisions which would lead to the achievement of the desired objective, that is, to ensuring the stability of the financial system.
Contents
Model for the Assessment of the Effectiveness of the Banking Supervision Activity
The State and the Economy – Theoretical Aspects and Empirical Evidence for the EU
Fiat versus Representative Money under Debate, or How Right Keynes Was Once (!)
Education and Employment in Sub-Saharan Africa: Some Evidence from Senegal
Bayes-Nash Equilibrium and Game Theory in Public Expenditure Management
The Economic Crisis and Several Effects on Global Economy
Tourism as a Factor in Economic Recovery
Economic Science and Postmodernism: Ethics Return
Romanian Economic Environment Entrepreneurial Activities Analysis and Risk Evaluation
Transylvania – Romanian Tourism Micro-destination
The Crisis of Economic Theory in the Middle of the Economic Crisis