In examining this issue, it may be useful to consider the organizational status of banking supervision since banking is more special in developing countries. The Financial Stability Institute’s publication on the subject (Occasional Paper 1), makes interesting observations: "The evidence appears to be that the weight of argument is moving towards the adoption of a separate unified supervisory body within more developed economies.
But does that same balance hold for emerging and transitional countries?" The publication notes that in view of the Asian crisis, "it is possible that international pressures, e.g. through the IMF, will interact with domestic forces to lead towards better funded, more skilled and more independent supervisory bodies irrespective of how these are structurally organized".