Monetary Policy, Leverage, and Bank Risk Taking

Monetary Policy, Leverage, and Bank Risk Taking
We provide a theoretical foundation for the claim that prolonged periods of easy monetary conditions increase bank risk taking. The net effect of a monetary policy change on bank monitoring (an inverse measure of risk taking) depends on the balance of three forces: interest rate pass-through, risk shifting, and leverage. When banks can adjust... READ MORE...

Publication date: December 2010
ISBN 9781455210831
$18.00

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