Supervisory Incentives in a Banking Union /

We explore the behavior of supervisors when a centralized agency has full power over all decisions regarding banks, but relies on local supervisors to collect the information necessary to act. This institutional design entails a principal-agent problem between the central and local supervisors if th...

Szczegółowa specyfikacja

Opis bibliograficzny
1. autor: Carletti, Elena
Kolejni autorzy: Dell'Ariccia, Giovanni, Marquez, Robert
Format: Czasopismo
Język:English
Wydane: Washington, D.C. : International Monetary Fund, 2016.
Seria:IMF Working Papers; Working Paper ; No. 2016/186
Dostęp online:Full text available on IMF
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100 1 |a Carletti, Elena. 
245 1 0 |a Supervisory Incentives in a Banking Union /  |c Elena Carletti, Giovanni Dell'Ariccia, Robert Marquez. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2016. 
300 |a 1 online resource (50 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a We explore the behavior of supervisors when a centralized agency has full power over all decisions regarding banks, but relies on local supervisors to collect the information necessary to act. This institutional design entails a principal-agent problem between the central and local supervisors if their objective functions differ. Information collection may be inferior to that under fully independent local supervisors or under centralized information collection. And this may increase risk-taking by regulated banks. Yet, a 'tougher' central supervisor may increase regulatory standards. Thus, the net effect of centralization on bank risk taking depends on the balance of these two effects. 
538 |a Mode of access: Internet 
700 1 |a Dell'Ariccia, Giovanni. 
700 1 |a Marquez, Robert. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2016/186 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2016/186/001.2016.issue-186-en.xml  |z IMF e-Library