Panganduselt

Panganduselt is a term used in economic and policy discourse to describe a banking-centric perspective that treats the financial sector as the core engine of economic stability and growth. It is not an institution or policy, but a vantage point used in analyses, debates, and some policy proposals.

Etymology: from Estonian pangandus 'banking' plus elt as a suffix indicating viewpoint; adopted in English-language discussions to denote a particular angle on policy.

Definition and scope: Panganduselt emphasizes macroprudential regulation, capital adequacy standards, liquidity provision, lender-of-last-resort roles, and coordination between monetary and regulatory authorities from the viewpoint of the banking sector. It may advocate prioritizing financial stability through bank-focused tools, such as stress tests and capital buffers.

History and usage: Not a formal theory; it appears in policy commentary and academic debates in the 2010s–present, particularly in discussions about post-crisis reforms and the balance between regulation and financial innovation. It is used sometimes as a critical label to highlight perceived bias.

Criticism: Critics argue it risks prioritizing banks over consumers or broader economic welfare; may mask moral hazard or regulatory capture; supporters claim it clarifies policy levers and risks that must be mitigated to maintain trust.

See also: macroprudential policy, financial stability, banking regulation, regulatory framework.