| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w18942 |
| 来源ID | Working Paper 18942 |
| Capital Flows and the Risk-Taking Channel of Monetary Policy | |
| Valentina Bruno; Hyun Song Shin | |
| 发表日期 | 2013-04-04 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | We study the dynamics linking monetary policy with bank leverage and show that adjustments in leverage act as the linchpin in the monetary transmission mechanism that works through fluctuations in risk-taking. Motivated by the evidence, we formulate a model of the "risk-taking channel" of monetary policy in the international context that rests on the feedback loop between increased leverage of global banks and capital flows amid currency appreciation for capital recipient economies. |
| 主题 | Macroeconomics ; Monetary Policy ; International Economics ; International Finance ; Financial Economics ; Financial Institutions |
| URL | https://www.nber.org/papers/w18942 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/576617 |
| 推荐引用方式 GB/T 7714 | Valentina Bruno,Hyun Song Shin. Capital Flows and the Risk-Taking Channel of Monetary Policy. 2013. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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