Supervisory Incentives in a Banking Union

Supervisory Incentives in a Banking Union
We explore the behavior of supervisors when a centralized agency has full power over all decisions regarding banks, but relies on local supervisors to collect the information necessary to act. This institutional design entails a principal-agent problem between the central and local supervisors if their objective functions... READ MORE...

Publication date: September 2016
ISBN 9781475536751
$18.00

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