Does Prolonged Monetary Policy Easing Increase Financial Vulnerability is popular PDF and ePub book, written by Stephen Cecchetti in 2017-03-24, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Does Prolonged Monetary Policy Easing Increase Financial Vulnerability can be Read Online from any device for your convenience.
Does Prolonged Monetary Policy Easing Increase Financial Vulnerability Book PDF Summary
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 policy easing persists. Cross-border effects are also notable. We find effects of roughly similar magnitude on foreign financial sector firms when the U.S. eases policy. Results appear robust to a variety of specifications, and to be non-linear, with risk-taking behavior rising most quickly at the onset of monetary policy easing.
Detail Book of Does Prolonged Monetary Policy Easing Increase Financial Vulnerability PDF
- Author : Stephen Cecchetti
- Release : 24 March 2017
- Publisher : International Monetary Fund
- ISBN : 9781475588644
- Genre : Business & Economics
- Total Page : 31 pages
- Language : English
- PDF File Size : 21,5 Mb
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