The Effects of Unconventional Monetary Policies on Bank Soundness /
Unconventional monetary policy is often assumed to benefit banks. However, we find little supporting evidence. Rather, we find some evidence for heightened medium-term risks. First, in an event study using a novel instrument for monetary policy surprises, we do not detect clear effects of monetary e...
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| Natura: | Periodico |
| Lingua: | English |
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Washington, D.C. :
International Monetary Fund,
2014.
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| Serie: | IMF Working Papers; Working Paper ;
No. 2014/152 |
| Accesso online: | Full text available on IMF |