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Banking supervision and external auditors: Theory and empirics
(2020)
This paper investigates the role of external auditors in banking sector supervision from a theoretical, institutional and empirical perspective. We first present a simple principal-agent framework that highlights the ...
Peaks and Troughs: Economics and Political Economy of Central Bank Independence Cycles
(Oxford University Press, 2019)
This chapter investigates the endogenous evolution of central bank institutional design over the past four decades. From a theoretical perspective, it employs a stylized political economy model to highlight some key ...