Bank Supervision Russian Style: Rules Versus Enforcement and Tacit Objectives

Bank Supervision Russian Style: Rules Versus Enforcement and Tacit Objectives

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Bank Supervision Russian Style: Rules Versus Enforcement and Tacit Objectives

We focus on the conflict between two central bank objectives - individual bank stability and systemic stability - and the regulatory forbearance that follows from it. We study the licensing policy of the Central Bank of Russia (CBR) during 1999-2002.

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