Financial Supervision in the EU: Is There Convergence in the National Architectures?
16 Pages Posted: 14 Feb 2009
Date Written: February 2008
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: Suggested Citation