values of key economic indicators, with no information regarding the associated uncertainty. Our assessment is that policy … makers would benefit if they would be given probabilities as well as values, and the methodology of stochastic simulation …, presented in this paper quantifies the uncertainty of the coefficients of the behavioural equations, on a reduced version of the …

We present a theory of banking regulation affecting procedural compliance in monitoring collateral in secured debt … contracts. The theory suggests an externality which creates a gap between the socially optimal level of monitoring and the bank …’s privately optimal level. Banks can not be punished ex post for lack of monitoring or otherwise in the bad state of nature. Hence …

countries and their interrelations can change because of shifts in government regimes. Monitoring and peer pressure to comply …

allocated correctly nor is effective monitoring ensured. This review of contract procedures and design allows us to draw several …

successful implementation of the (two fold) topics of discussion of this paper, namely, monitoring and liquidity risk … measurements. The importance of successfully communicating results obtained from monitoring and measuring such risks, and the role …