Is Capping Executive Bonuses Useful? /
This paper develops a theoretical framework to study the impact of bonus caps on banks' risk taking. In the model, labor market price adjustments can offset the direct effects of bonus caps. The calibrated model suggests that bonus caps are only effective when bank executives' mobility is...
| Հիմնական հեղինակ: | |
|---|---|
| Ձևաչափ: | Ամսագիր |
| Լեզու: | English |
| Հրապարակվել է: |
Washington, D.C. :
International Monetary Fund,
2016.
|
| Շարք: | IMF Working Papers; Working Paper ;
No. 2016/196 |
| Առցանց հասանելիություն: | Full text available on IMF |