TY - BOOK ID - 85290833 TI - A Behavioral Approach to Financial Supervision, Regulation, and Central Banking PY - 2018 SN - 1484372816 1484372786 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Financial services industry KW - Banks and banking, Central. KW - Services, Financial KW - Service industries KW - Banker's banks KW - Banks, Central KW - Central banking KW - Central banks KW - Banks and banking KW - State supervision. KW - Risk management. KW - Banks and Banking KW - Public Finance KW - Industries: Financial Services KW - Business and Financial KW - Microeconomic Behavior: Underlying Principles KW - Intertemporal Consumer Choice KW - Life Cycle Models and Saving KW - Central Banks and Their Policies KW - Financial Institutions and Services: General KW - Corporate Finance and Governance: Government Policy and Regulation KW - Law and Economics: General (including Data Sources and Description) KW - Illegal Behavior and the Enforcement of Law KW - Corporate Culture KW - Diversity KW - Social Responsibility KW - Marketing and Advertising: Government Policy and Regulation KW - Personnel Economics: Compensation and Compensation Methods and Their Effects KW - Cultural Economics KW - Economic Sociology KW - Economic Anthropology: General KW - Cultural Economics: Religion KW - Banks KW - Depository Institutions KW - Micro Finance Institutions KW - Mortgages KW - Taxation, Subsidies, and Revenue: General KW - General Financial Markets: Government Policy and Regulation KW - Debt KW - Debt Management KW - Sovereign Debt KW - Banking KW - Public finance & taxation KW - Financial services law & regulation KW - Legal support in revenue administration KW - Financial regulation and supervision KW - Financial sector KW - Government debt management KW - Revenue KW - Law and legislation KW - Debts, Public KW - United States UR - https://www.unicat.be/uniCat?func=search&query=sysid:85290833 AB - This paper describes how behavioral elements are relevant to financial supervision, regulation, and central banking. It focuses on (1) behavioral effects of norms (social, legal, and market); (2) behavior of others (internalization, identification, and compliance); and (3) psychological biases. It stresses that financial supervisors, regulators, and central banks have not yet realized the full potential that these behavioral elements hold. To do so, they need to devise a behavioral approach that includes aspects relating to individual and group behavior. The paper provides case examples of experiments with such an approach, including behavioral supervision. Finally, it highlights areas for further research. ER -