Credit, Securitization and Monetary Policy : Watch Out for Unintended Consequences

Watch Out for Unintended Consequences

Credit, Securitization and Monetary Policy : Watch Out for Unintended Consequences
We show evidence that interest rate hikes slowdown loan growth but lead intermediation to migrate from banks' balance sheets to non-banks via increased securitization activity. As such, higher interest rates have the potential for unintended consequences; raising systemic risk rather than lowering it by pushing more intermediation activity to... READ MORE...

Publication date: March 2016
ISBN 9781475522723
$18.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats

Paperback

Publication date: March 2016

PDF

Publication date: August 2016

ePub

Publication date: August 2016

Mobi

Publication date: August 2016

English