文章基本信息

标题：Do bank characteristics influence the effect of monetary policy on bank risk?
本地全文：下载
作者：Yener Altunbas ; Leonardo Gambacorta ; David Marqués-Ibáñez 等
期刊名称：Euro Area Balance of Payments and International Investment Position Statistics
印刷版ISSN：1830-3420
电子版ISSN：1830-3439
出版年度：2012
出版社：European Central Bank
摘要：We analyze whether the impact of monetary policy on bank risk depends upon bank characteristics. We relate the materialization of bank risk during the financial crisis to differences in the monetary policy stance and bank characteristics in the pre-crisis period for a large sample of listed banks operating in the European Union and the United States. We find that the insulation effect produced by capital and liquidity buffers on bank risk was lower for banks operating in countries that, prior to the crisis, experienced a particularly prolonged period of low interest rates.
关键词：risk-taking channel; monetary policy; credit crisis; bank characteristics.