Bank Leverage and Monetary Policy's Risk-Taking Channel
Language: en
Pages: 41
Authors: Mr.Giovanni Dell'Ariccia
Categories: Business & Economics
Type: BOOK - Published: 2013-06-06 - Publisher: International Monetary Fund

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We present evidence of a risk-taking channel of monetary policy for the U.S. banking system. We use confidential data on the internal ratings of U.S. banks on l
Is There a
Language: en
Pages: 64
Authors: R. Glenn Hubbard
Categories: Monetary policy
Type: BOOK - Published: 1994 - Publisher:

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This paper argues that the terms `money view' and `credit view' are not always well defined in theoretical and empirical debates over the transmission mechanism
Inside the Black Box
Language: en
Pages: 38
Authors: Ben Bernanke
Categories: Credit
Type: BOOK - Published: 1995 - Publisher:

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The 'credit channel' theory of monetary policy transmission holds that informational frictions in credit markets worsen during tight- money periods. The resulti
The Effect of Monetary Policy on the Availability of Credit
Language: en
Pages: 36
Authors: Lamont Black
Categories:
Type: BOOK - Published: 2011 - Publisher:

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The recent financial turmoil renewed interest in whether monetary policy affects the supply side of the credit market. We show that this credit channel exists m
Negative Monetary Policy Rates and Portfolio Rebalancing: Evidence from Credit Register Data
Language: en
Pages: 59
Authors: Margherita Bottero
Categories: Business & Economics
Type: BOOK - Published: 2019-02-28 - Publisher: International Monetary Fund

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We study negative interest rate policy (NIRP) exploiting ECB's NIRP introduction and administrative data from Italy, severely hit by the Eurozone crisis. NIRP h