Bank risk-taking and impaired monetary policy transmission
We consider a standard banking model with agency frictions to simultaneously study the weakening and reversal of monetary transmission and banks’ risk-taking in a low-interest environment. Both, weaker monetary transmission and higher risk-taking arise because lower policy rates impair banks’ net wo...
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| Formato: | preprint |
| Idioma: | eng |
| Publicado em: |
2021
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| Texto completo: | http://hdl.handle.net/10400.14/36172 |
| País: | Portugal |
| Oai: | oai:repositorio.ucp.pt:10400.14/36172 |