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A simple model of bank employee compensation

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  • Christopher Phelan

Abstract

This paper considers the question, Does the limited liability associated with banking make it necessary for a government to regulate bank employee compensation? It attempts to shed light on this question by considering a mechanism design framework.

Suggested Citation

  • Christopher Phelan, 2009. "A simple model of bank employee compensation," Working Papers 676, Federal Reserve Bank of Minneapolis.
  • Handle: RePEc:fip:fedmwp:676
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    File URL: http://www.minneapolisfed.org/publications_papers/pub_display.cfm?id=4343
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    File URL: http://www.minneapolisfed.org/research/WP/WP676.pdf
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    Cited by:

    1. Mark S. Carey & Bo Sun, 2015. "Risk Choices and Compensation Design," International Finance Discussion Papers 1130, Board of Governors of the Federal Reserve System (U.S.).

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