Does Prolonged Monetary Policy Easing Increase Financial Vulnerability?

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, increases for banks and nonbanks as domestic monetary... READ MORE...

Publication date: March 2017
ISBN 9781475588644
$18.00

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