Does Prolonged Monetary Policy Easing Increase Financial Vulnerability? /

Using firm-level data for approximately 1,000 bank and nonbank financial institutions in 22 countries over the past 15 years we study the impact of prolonged monetary policy easing on risk-taking behavior. We find that the leverage ratio, as well as other measures of firm-level vulnerability, increa...

Deskribapen osoa

Xehetasun bibliografikoak
Egile nagusia: Cecchetti, Stephen
Beste egile batzuk: Mancini Griffoli, Tommaso, Narita, Machiko
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2017.
Saila:IMF Working Papers; Working Paper ; No. 2017/065
Sarrera elektronikoa:Full text available on IMF