Monetary Policy, Leverage, and Bank Risk Taking /
We provide a theoretical foundation for the claim that prolonged periods of easy monetary conditions increase bank risk taking. The net effect of a monetary policy change on bank monitoring (an inverse measure of risk taking) depends on the balance of three forces: interest rate pass-through, risk s...
| Príomhchruthaitheoir: | |
|---|---|
| Rannpháirtithe: | , |
| Formáid: | IRIS |
| Teanga: | English |
| Foilsithe / Cruthaithe: |
Washington, D.C. :
International Monetary Fund,
2010.
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| Sraith: | IMF Working Papers; Working Paper ;
No. 2010/276 |
| Rochtain ar líne: | Full text available on IMF |