Bank Leverage and Monetary Policy's Risk-Taking Channel: Evidence from the United States

WP/13/143

Bank Leverage and Monetary Policy's Risk-Taking Channel: Evidence from the United States
We present evidence of a risk-taking channel of monetary policy for the U.S. bankingsystem. We use confidential data on the internal ratings of U.S. banks on loans tobusinesses over the period 1997 to 2011 from the Federal Reserve's survey of terms ofbusiness lending. We find that ex-ante risk taking by banks (as measured by the risk ratingof... READ MORE...

Publication date: June 2013
ISBN 9781484381137
$18.00

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Publication date: June 2013

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Publication date: June 2013

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