01768cas a2200241 a 4500 AALejournalIMF022070 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484372289 1018-5941 BD-DhAAL BD-DhAAL Khan, Ashraf. A Behavioral Approach to Financial Supervision, Regulation, and Central Banking / Ashraf Khan. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (56 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2018/178 Full text available on IMF http://elibrary.imf.org/view/journals/001/2018/178/001.2018.issue-178-en.xml IMF e-Library