Hub-and-Spoke Regulation and Bank Leverage
Yadav Gopalan, Ankit Kalda, Asaf Manela
Review of Finance, Volume 25, Issue 5, September 2021, Pages 1499–1545, https://doi.org/10.1093/rof/rfab019
Regulators often delegate monitoring to local supervisors, which can improve information collection, but can also lead to agency problems and capture.… Read more...
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