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We present an experimental test of a shirking model where monitoring intensity is endogenous and effort a continuous variable. Wage level, monitoring intensity and consequently the desired enforceable effort level are jointly determined by the maximization problem of the firm. As a result,...
Persistent link: https://www.econbiz.de/10010325470
In light of the trend towards the Anglo-Saxon model of structured PhD education we analyze whether the positive relation between supervisor research productivity and young researcher productivity does persist in research groups where several PhD and postdoctoral students are supervised by a team...
Persistent link: https://www.econbiz.de/10010332801
This paper analyzes cooperation between sovereign national authorities in the supervision and regulation of a …
Persistent link: https://www.econbiz.de/10011604362
Why should monetary policy "lean against the wind"? Can’t bank regulation perform its task alone? We model banks that choose both asset volatility and leverage, and identify how monetary policy transmits to bank risk. Subsequently, we introduce a regulator whose tool is a risk-based capital...
Persistent link: https://www.econbiz.de/10011605502
We analyze the benefits and costs of a non-euro country opting-in to the banking union. The decision to opt-in depends on the comparison between the assessment of the banking union attractiveness and the robustness of a national safety net. The benefits of opting-in are still only potential and...
Persistent link: https://www.econbiz.de/10011622968
of harmonized banking supervision, has affected the banking sector in Europe. I perform an event study on banks' stock …
Persistent link: https://www.econbiz.de/10011662691
This paper analyses the integration of financial market supervision at international level, particularly focusing on EU … things, to find the causes of the increasingly ongoing process of integration of financial market supervision and determine … to determine whether or not the process of integration increases the efficiency of financial market supervision itself …
Persistent link: https://www.econbiz.de/10011996085
education. These external evaluations mostly involve the supervision of one class session and a debriefing interview, but have …
Persistent link: https://www.econbiz.de/10012006008
Fraud can range from minor employee theft and unproductive behavior tomisappropriation of assets and fraudulent financial reporting. The risk of fraud can be reduced through a combination of prevention and detection measures. Moreover, prevention and deterrence measures are much less costly than...
Persistent link: https://www.econbiz.de/10012016889
This paper examines the supervision of Central Clearing Counterparties (CCPs) in Europe, since they function as an … important pillar of the Capital Markets Union. Our research indicates that the current national-based supervision of CCPs leads …
Persistent link: https://www.econbiz.de/10012054627