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...

Deskribapen osoa

Xehetasun bibliografikoak
Egile nagusia: Dell'Ariccia, Giovanni
Beste egile batzuk: Laeven, Luc, Suarez, Gustavo
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2013.
Saila:IMF Working Papers; Working Paper ; No. 2013/143
Sarrera elektronikoa:Full text available on IMF