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Centralization entails greater inspection effort by the local supervisor and less bank risk taking if the divergence in the intervention policy of the central and the local supervisors is sufficiently small, but less effort and riskier bank portfolios if the divergence is large. The model has implications for the design of supervisory frameworks within integrated economies. <\/jats:p><jats:p> This paper was accepted by Karl Diether, finance. <\/jats:p>","DOI":"10.1287\/mnsc.2019.3448","type":"journal-article","created":{"date-parts":[[2020,5,8]],"date-time":"2020-05-08T13:11:22Z","timestamp":1588943482000},"page":"455-470","source":"Crossref","is-referenced-by-count":48,"title":["Supervisory Incentives in a Banking Union"],"prefix":"10.1287","volume":"67","author":[{"given":"Elena","family":"Carletti","sequence":"first","affiliation":[{"name":"Baffi Carefin Center and Innocenzo Gasparini Institute for Economic Research, Bocconi University, 20136 Milan, Italy;"},{"name":"Centre for Economic Policy Research, London EC1V 0DX, United Kingdom;"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Giovanni","family":"Dell\u2019Ariccia","sequence":"additional","affiliation":[{"name":"Centre for Economic Policy Research, London EC1V 0DX, United Kingdom;"},{"name":"International Monetary Fund, Washington, District of Columbia 20431;"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"ORCID":"https:\/\/2.zoppoz.workers.dev:443\/https\/orcid.org\/0000-0002-8651-1658","authenticated-orcid":false,"given":"Robert","family":"Marquez","sequence":"additional","affiliation":[{"name":"UC Davis Graduate School of Management, University of California, Davis, Davis, California 95616"}],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"109","reference":[{"key":"B1","doi-asserted-by":"publisher","DOI":"10.1046\/j.1540-6261.2003.00621.x"},{"key":"B2","doi-asserted-by":"publisher","DOI":"10.1093\/qje\/qju003"},{"key":"B3","doi-asserted-by":"publisher","DOI":"10.1086\/262063"},{"key":"B4","doi-asserted-by":"publisher","DOI":"10.1093\/rfs\/hhp089"},{"key":"B5","doi-asserted-by":"publisher","DOI":"10.1016\/j.jfineco.2014.11.003"},{"key":"B7","unstructured":"Basel Committee on Banking Supervision (2010) Report and recommendations of the Cross-border Bank Resolution Group. 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