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Bank leverage and monetary policy's risk-taking channel: evidence from the United States

Author

Listed:
  • Laeven, Luc
  • Dell’Ariccia, Giovanni
  • Suarez, Gustavo A.

Abstract

We present evidence of a risk-taking channel of monetary policy for the U.S. banking system. We use confidential data on banks JEL Classification: E43, E52, G21

Suggested Citation

  • Laeven, Luc & Dell’Ariccia, Giovanni & Suarez, Gustavo A., 2016. "Bank leverage and monetary policy's risk-taking channel: evidence from the United States," Working Paper Series 1903, European Central Bank.
    • Handle: RePEc:ecb:ecbwps:20161903
    Note: 261593
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    References listed on IDEAS

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    More about this item

    Keywords

    banks; interest rates; leverage; monetary policy; risk;
    All these keywords.

    JEL classification:

    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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