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Early regulator interventions into problem banks are one of the key suggestions of Basel II. However, no guidance is given on their design. To fill this gap, we outline an incentive-based preventive supervision strategy that eliminates bad asset management in banks. Two supervision techniques...
Persistent link: https://www.econbiz.de/10010900230
This paper analyses the relation between authority and incentives. It extends the standard principal / agent model by a …. The agent's subsequent choice of e ort depends both on monetary incentives and the selected project. We nd that the … consideration of e ort incentives makes the principal less likely to delegate the authority over projects to the agent. In fact, if …
Persistent link: https://www.econbiz.de/10010299113
This paper analyses the relation between authority and incentives. It extends the standard principal / agent model by a …. The agent's subsequent choice of e ort depends both on monetary incentives and the selected project. We nd that the … consideration of e ort incentives makes the principal less likely to delegate the authority over projects to the agent. In fact, if …
Persistent link: https://www.econbiz.de/10008533616
Persistent link: https://www.econbiz.de/10011381777
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actually pay the announced bonus. This offers a new explanation for why explicit and implicit incentives are substitutes rather …
Persistent link: https://www.econbiz.de/10010365854
institutional moral hazard in a multi-tiered UI system, and give examples of monitoring methods and incentives to ameliorate such …
Persistent link: https://www.econbiz.de/10011554136
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