Monetary policy, bank leverage, and financial stability

DOI10.1016/J.JEDC.2014.07.010MaRDI QIDQ1991908zbMATH OpenOpenAlexFDO

Authors Fabián Valencia

Publication date 2 November 2018

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL http://www.imf.org/external/pubs/cat/longres.aspx?sk=25309

zbMATH Keywords

monetary policyrisk-takingfinancial stabilitymacroprudential regulationbank leverage

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

Recommendations

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Cites work

• Financial Intermediation and Delegated Monitoring
• Hazardous Times for Monetary Policy: What Do Twenty-Three Million Bank Loans Say About the Effects of Monetary Policy on Credit Risk-Taking?
• Incentive-Compatible Debt Contracts: The One-Period Problem
• Optimal Contracts when Enforcement is a Decision Variable
• Optimal contracts and competitive markets with costly state verification
• Real interest rates, leverage, and bank risk-taking
• The method of endogenous gridpoints for solving dynamic stochastic optimization problems
• The role of bank capital in the propagation of shocks

Cited in

(13)

• Pecuniary externalities, bank overleverage, and macroeconomic fragility
• Are central banks to blame? Monetary policy and bank lending behavior
• Monetary policy and long-run systemic risk-taking
• Monetary policy as financial stability regulation
• Monetary policy uncertainty and bank leverage: evidence from China
• Bank equity and macroprudential policy
• Monetary policy and risk taking
• Real interest rates, leverage, and bank risk-taking
• Bank capital and the macroeconomy: policy considerations
• In search for yield? Survey-based evidence on bank risk taking
• Moment Risks: Investment for Self and for a Firm
• Monetary policy, credit markets, and banks: a DSGE perspective
• ``Interest rate trap, or why does the central bank keep the policy rate too low for too long?

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