incentive distortions which can, for example, arise from contracts that reward short-term performance excessivelyMais
informational distortions such as those linked to buyers doubting the quality of assets (adverse selection) or less than fully rational processing of information
co-ordination problems, where collective action, for example to step away from lending in a boom, may be in the interests of individual banks but there is no way to co-ordinate on this outcome ..."
Anúncio do BoE
Instruments of Macroprudential Policy
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