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Bonuses – which are often used to mitigate principal-agent problems and to encourage employees to work harder – have increased tremendously in the financial sector during the last decade, and have often been seen as a contributing factor to the financial crisis of 2008. The recent European Union (EU) action to adopt a policy that restricts bonuses paid to bankers may seem promising at first, but this does not address the real issues behind variable rewards. Compensation policies should be changed to encourage responsible risk-taking and decision-making through the implementation of broader performance metrics, forfeitable holdbacks and hybrid bonds. Furthermore, a change in organisational culture is needed to improve ethical behaviour leading to a re-balancing of stakeholders’ interests in the financial sector.

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Includes American Economic Association's Papers and proceedings of the 8th-11th annual meetings, 1895-1898.

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v. 1. [Prelimnary reports] Weights and measures. Inter-continental railway. Reciprocity treaties. Communications on the Atlantic, the Pacific, the gulf of Mexico and the Caribbean sea. Customs regulations. Port dues. Sanitary regulations.--v. 2. Patents and trade-marks. Extradition of criminals. International American monetary union. International American bank. International law. Arbitration. Miscellaneous business of the conference.--v. 3. Excursion appendix. Narrative of the tour of the delegates through the United States; together with descriptions of places visited, and reports of addresses delivered.--v. 4. Historical appendix. The congress of 1826, at Panama, and subsequent movements toward a conference of American nations.

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Mode of access: Internet.

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Mode of access: Internet.