In this paper, we take up the analysis of a principal/agent model with moral hazard introduced by Pages (J. Financ. Intermed.), with optimal contracting between competitive investors and an impatient bank monitoring a pool of long-term loans subject to Markovian contagion. We provide here a...

<Para ID="Par1">This paper deals with the superreplication of non-path-dependent European claims under additional convex constraints on the number of shares held in the portfolio. The corresponding superreplication price of a given claim has been widely studied in the literature, and its terminal value, which...</para>