Bank Leverage and Monetary Policy's Risk-Taking Channel : Evidence from the United States /

We present evidence of a risk-taking channel of monetary policy for the U.S. banking system. We use confidential data on the internal ratings of U.S. banks on loans to businesses over the period 1997 to 2011 from the Federal Reserve's survey of terms of business lending. We find that ex-ante ri...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Dell'Ariccia, Giovanni
Awduron Eraill: Laeven, Luc, Suarez, Gustavo
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2013.
Cyfres:IMF Working Papers; Working Paper ; No. 2013/143
Mynediad Ar-lein:Full text available on IMF