| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11230 |
| DP11230 Bank Leverage and Monetary Policy’s Risk-Taking Channel: Evidence from the United States | |
| Luc Laeven; Giovanni Dell'Ariccia; Gustavo Suarez | |
| 发表日期 | 2016-04-15 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | We present evidence of a risk-taking channel of monetary policy for the U.S. banking system. We use confidential data on banks’ internal ratings 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 risk taking by banks (measured by the risk rating of new loans) is negatively associated with increases in short-term interest rates. This relationship is more pronounced in regions that are less in sync with the nationwide business cycle, and less pronounced for banks with relatively low capital or during periods of financial distress. |
| 主题 | Financial Economics |
| 关键词 | Interest rates monetary policy Banks Leverage Risk |
| URL | https://cepr.org/publications/dp11230 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/540048 |
| 推荐引用方式 GB/T 7714 | Luc Laeven,Giovanni Dell'Ariccia,Gustavo Suarez. DP11230 Bank Leverage and Monetary Policy’s Risk-Taking Channel: Evidence from the United States. 2016. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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