文章基本信息

标题：Unconventional Monetary Policy and Bank Risk-Taking in Euro Area
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作者：Ioana Pleșcău ; Vasile Cocriș
期刊名称：Ovidius University Annals: Economic Sciences Series
电子版ISSN：2393-3127
出版年度：2016
卷号：16
期号：1
语种：English
出版社：Ovidius University Press
摘要：Central banking over the world has changed after the 2008 financial crisis. Monetary policy has expanded the array of instruments it used in order to influence the macro economy. Major central banks started using not only traditional, conventional instruments, but also some non-standard measures in order to avoid economic collapse and sustain the banking system. The aim of this paper is to analyse the impact of European Central Bank unconventional instruments, measured using the change in its balance sheet, on the bank risk-taking of commercial banks from Eurozone, captured by Z-Score. Our findings point to an increase of bank risk-taking, due to the use of unconventional monetary policy measures.
关键词：unconventional monetary policy;bank risk-taking;financial crisis