國立虎尾科技大學 |

The institutional structure of macroprudential policy in the UK

紀錄類型:	書目-語言資料,印刷品 : Monograph/item
正題名/作者:	The institutional structure of macroprudential policy in the UK/ by Kosmas Kaprinis.
作者:	Kaprinis, Kosmas.
出版者:	Cham :Springer International Publishing : : 2023.,
面頁冊數:	xv, 188 p. :ill., digital ; : 24 cm.;
Contained By:	Springer Nature eBook
標題:	Macroeconomics and Monetary Economics. -
標題:	Great Britain - Politics and government - 1997- -
電子資源:	https://doi.org/10.1007/978-3-031-33576-1
ISBN:	9783031335761

The institutional structure of macroprudential policy in the UK
Kaprinis, Kosmas.

The institutional structure of macroprudential policy in the UK[electronic resource] /by Kosmas Kaprinis. - Cham :Springer International Publishing :2023. - xv, 188 p. :ill., digital ;24 cm. - Studies in european economic law and regulation,v. 262214-2045 ;. - Studies in european economic law and regulation,v. 26..

Introduction -- The Crisis Impact on the UK Economy -- The Macroprudential Shift: A Policy Pillar in the Making -- The Political Economy of MPP: Delegation and Accountability -- FPC: The Institutional Framework -- Transparency Requirements of the FPC -- The NEDs as Guardians of Public Interest -- The Role of the Treasury Select Committee -- The Limits of Judicial Review as an Accountability Mechanism -- International Bodies as Extra-Legal Accountability Mechanisms -- Epilogue: The First Decade of the FPC.

Macroprudential policy (MPP) has been one of the major initiatives in the post-2008 crisis restructuring of financial regulation. Under the macroprudential mandate, the regulator monitors and judiciously controls systemic risk in the financial system, in an attempt to minimise the probability and severity of a future financial crisis. The book reveals why MPP authorities are rightfully at the centre of a highly sensitive policy debate, as MPP necessitates the allocation of significant regulatory power to technocrats, while the highly technical nature of MPP makes policy evaluation challenging. Specific issues examined include: the importance of financial stability as a public policy goal; the political economy issues stemming from the delegation of MPP to an independent authority; and the definition of accountability in the context of MPP. Focusing on a case study on the Financial Policy Committee of the Bank of England, the macroprudential authority in the UK, the book develops the normative grounds to justify the need for accountability in the conduct of MPP, while also formulating the necessary institutional framework to ensure the accountability of MPP authorities.

ISBN: 9783031335761

Standard No.: 10.1007/978-3-031-33576-1doiSubjects--Topical Terms:

1365903
Macroeconomics and Monetary Economics.
Subjects--Geographical Terms:

556459
Great Britain
--Politics and government--1997-

LC Class. No.: HG939.5

Dewey Class. No.: 338.94100905

The institutional structure of macroprudential policy in the UK
LDR:02761nam a2200337 a 4500 001 1105960
003 DE-He213
005 20230628165557.0
006 m d
007 cr nn 008maaau
008 231013s2023 sz s 0 eng d
020 $a 9783031335761 $q (electronic bk.)
020 $a 9783031335754 $q (paper)
024 7 $a 10.1007/978-3-031-33576-1 $2 doi
035 $a 978-3-031-33576-1
040 $a GP $c GP
041 0 $a eng
050 4 $a HG939.5
072 7 $a LNP $2 bicssc
072 7 $a BUS027000 $2 bisacsh
072 7 $a LNP $2 thema
082 0 4 $a 338.94100905 $2 23
090 $a HG939.5 $b .K17 2023
100 1 $a Kaprinis, Kosmas. $3 1415265
245 1 4 $a The institutional structure of macroprudential policy in the UK $h [electronic resource] / $c by Kosmas Kaprinis.
260 $a Cham : $c 2023. $b Springer International Publishing : $b Imprint: Springer,
300 $a xv, 188 p. : $b ill., digital ; $c 24 cm.
490 1 $a Studies in european economic law and regulation, $x 2214-2045 ; $v v. 26
505 0 $a Introduction -- The Crisis Impact on the UK Economy -- The Macroprudential Shift: A Policy Pillar in the Making -- The Political Economy of MPP: Delegation and Accountability -- FPC: The Institutional Framework -- Transparency Requirements of the FPC -- The NEDs as Guardians of Public Interest -- The Role of the Treasury Select Committee -- The Limits of Judicial Review as an Accountability Mechanism -- International Bodies as Extra-Legal Accountability Mechanisms -- Epilogue: The First Decade of the FPC.
520 $a Macroprudential policy (MPP) has been one of the major initiatives in the post-2008 crisis restructuring of financial regulation. Under the macroprudential mandate, the regulator monitors and judiciously controls systemic risk in the financial system, in an attempt to minimise the probability and severity of a future financial crisis. The book reveals why MPP authorities are rightfully at the centre of a highly sensitive policy debate, as MPP necessitates the allocation of significant regulatory power to technocrats, while the highly technical nature of MPP makes policy evaluation challenging. Specific issues examined include: the importance of financial stability as a public policy goal; the political economy issues stemming from the delegation of MPP to an independent authority; and the definition of accountability in the context of MPP. Focusing on a case study on the Financial Policy Committee of the Bank of England, the macroprudential authority in the UK, the book develops the normative grounds to justify the need for accountability in the conduct of MPP, while also formulating the necessary institutional framework to ensure the accountability of MPP authorities.
650 2 4 $a Macroeconomics and Monetary Economics. $3 1365903
650 2 4 $a Fiscal Law. $3 1366477
650 1 4 $a Financial Law. $3 1388090
650 0 $a Monetary policy $z Great Britain $x History $y 21st century. $3 1415267
651 0 $a Great Britain $x Politics and government $y 1997- $3 556459 $3 727295
710 2 $a SpringerLink (Online service) $3 593884
773 0 $t Springer Nature eBook
830 0 $a Studies in european economic law and regulation, $v v. 26. $3 1415266
856 4 0 $u https://doi.org/10.1007/978-3-031-33576-1
950 $a Law and Criminology (SpringerNature-41177)