G2TT
来源类型Discussion paper
规范类型论文
来源IDDP12475
DP12475 Hierarchical Bank Supervision
Rafael Repullo
发表日期2017-12-01
出版年2017
语种英语
摘要This paper presents a model in which a central and a local supervisor contribute their efforts to obtain information on the solvency of a local bank, which is then used by the central supervisor to decide on its early liquidation. This hierarchical model is contrasted with the alternatives of decentralized and centralized supervision, where only the local or the central supervisor collects information and decides on liquidation. The local supervisor has a higher bias against liquidation (supervisory capture) and a lower cost of getting local information (proximity). Hierarchical supervision is the optimal institutional design when the bias of the local supervisor is high but not too high and the costs of getting local information from the center are low but not too low. With low (high) bias and high (low) cost it is better to concentrate all responsibilities in the local (central) supervisor.
主题Financial Economics
关键词Centralized vs decentralized supervision Strategic information acquisition Bank solvency Bank liquidation Supervisory capture Optimal institutional design
URLhttps://cepr.org/publications/dp12475
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/541286
推荐引用方式
GB/T 7714
Rafael Repullo. DP12475 Hierarchical Bank Supervision. 2017.
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