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 …

The managerial structures need a powerful instrument for measuring, monitoring and tracking down the key business …

monitoring. We �nd that when disutility of labor is the only unobservable variable, a workfare policy is ine¢ cient because it …, monitoring may be the best instrument for preventing fraud. When income-generating ability is the only unobservable variable …, choosing between workfare and monitoring depends not only on the cost function associated with the latter, but also on income …