Financial Intermediation and Delegated Monitoring
From MaRDI portal
Publication:3328199
DOI10.2307/2297430zbMath0539.90006OpenAlexW2108491286MaRDI QIDQ3328199
Publication date: 1984
Published in: The Review of Economic Studies (Search for Journal in Brave)
Full work available at URL: https://semanticscholar.org/paper/2d760b373cd8eaeea25d7f352b92139ded85abd6
portfoliofinancediversificationfinancial intermediationincentive problemscapital structure of intermediaries
Related Items (84)
How does debt structure influence stock price crash risk? ⋮ Scarce collateral, the term premium, and quantitative easing ⋮ Risk disclosure and firm operational efficiency ⋮ A continuous-time optimal insurance design with costly monitoring ⋮ Measurement distortion and missing contingencies in optimal contracts ⋮ The equilibrium allocation of investment capital in the presence of adverse selection and costly state verification ⋮ Welfare implications of bank capital requirements under dynamic default decisions ⋮ Moral hazard, renegotiation and debt ⋮ Optimal capital structure and project financing ⋮ Banks, relative performance, and sequential contagion ⋮ Financial markets in development, and the development of financial markets ⋮ Liquidity management with decreasing returns to scale and secured credit line ⋮ Mechanism design when players' preferences and information coincide ⋮ Optimal dynamic contracts with moral hazard and costly monitoring ⋮ International financial contagion and the fund-A theoretical framework ⋮ Savings and default ⋮ On the firm-level implications of the bank lending channel of monetary policy ⋮ Banking, incentive constraints, and demand deposit contracts with nonlinear returns ⋮ Monetary conditions and banks' behaviour in the Czech Republic ⋮ Optimal design of bank regulation under aggregate risk ⋮ Simple contracts with adverse selection and moral hazard ⋮ Consumer default with complete markets: default-based pricing and finite punishment ⋮ Reinsurance or securitization: the case of natural catastrophe risk ⋮ Understanding liquidity shortages during severe economic downturns ⋮ The supply chain effect of monitoring cost ⋮ Rising bank concentration ⋮ Informational hold up and intermediaries ⋮ Enter the MATRIX model:a multi-agent model for transition risks with application to energy shocks ⋮ The threshold effects of income diversification on bank stability: an efficiency perspective based on a dynamic network slacks-based measure model ⋮ Endogenous debt constraints in collateralized economies with default penalties ⋮ The paradox of safe asset creation ⋮ The efficiency effects of a single market for financial services in Europe. ⋮ The optimal financing of a conglomerate firm with hidden information and costly state verification ⋮ A theory of the non-neutrality of money with banking frictions and bank recapitalization ⋮ Introduction to financial economics ⋮ A continuous-time analysis of optimal restructuring of contracts with costly information disclosure ⋮ Interbank borrowing and lending between financially constrained banks ⋮ Debt, equity, and information ⋮ Renegotiation-proof contracting, disclosure, and incentives for efficient investment ⋮ Excessive risk taking and the maturity structure of debt ⋮ Optimal debt contracts and the single-crossing condition ⋮ Credit risk in general equilibrium ⋮ Capital accumulation under different financial agreements ⋮ On the welfare equivalence of asset markets and banking in Diamond Dybvig economies ⋮ Loan commitments, asymmetric information and capital regulation: an explanation for the synergy or narrow-banking management ⋮ Multi-lender coalitions in costly state verification models ⋮ Optimal monetary policy with interest on reserves and capital over-accumulation ⋮ Monitoring and incentives under multiple-bank lending: the role of collusive threats ⋮ Endogenous information revelation in a competitive credit market and credit crunch ⋮ On the money creation approach to banking ⋮ Bank incentives, contract design and bank runs ⋮ Credit market frictions and their direct effects on U.S. Manufacturing fluctuations ⋮ Security design with interim public information ⋮ Remarks on “Financial Services Integration: Right for some, Wrong for Others?” ⋮ Risk sharing, risk shifting and the role of convertible debt ⋮ Monitoring the monitor: An incentive structure for a financial intermediary ⋮ Monetary policy, bank leverage, and financial stability ⋮ Financial intermediation in an overlapping generations model with transaction costs ⋮ Bank capital, fire sales, and the social value of deposits ⋮ Default and aggregate income ⋮ The role of bank capital in the propagation of shocks ⋮ Optimal debt contracts under costly enforcement ⋮ A model of financial fragility ⋮ Ordinary shares and managers ⋮ Incentive-compatibility, limited liability and costly liquidation in financial contracting ⋮ Auction and the informed seller problem ⋮ Debt contracts, banks, and aggregate liquidity ⋮ Monitoring a common agent: Implications for financial contracting ⋮ Explaining the nonlinear effects of financial development on economic growth ⋮ Mandatory disclosure tone and bank risk-taking: evidence from Europe ⋮ Robust optimal risk sharing and risk premia in expanding pools ⋮ A general equilibrium theory of banks' capital structure ⋮ Fearing the worst: the importance of uncertainty for inequality ⋮ Redistribution as a selection device ⋮ Implementing efficient allocations in a model of financial intermediation ⋮ The dynamic structure of optimal debt contracts ⋮ Deposit insurance and reinsurance ⋮ The development and structure of financial systems ⋮ When Many Wrongs Make a Right ⋮ A POST KEYNESIAN PERSPECTIVE ON COMMERCIAL BANK BEHAVIOR AND REGULATION ⋮ Optimal crowdfunding design ⋮ Entrepreneurship and government subsidies: a general equilibrium analysis. ⋮ A simple model of spatial banking competition ⋮ Financial intermediary-coalitions
This page was built for publication: Financial Intermediation and Delegated Monitoring