Capital Flows and the Risk-Taking Channel of Monetary Policy
收藏NBER2013-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w18942
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资源简介：
We study the dynamics linking monetary policy with bank leverage and show that adjustments in leverage act as the linchpin in the monetary transmission mechanism that works through fluctuations in risk-taking. Motivated by the evidence, we formulate a model of the "risk-taking channel" of monetary
提供机构：
美国国家经济研究局
创建时间：
2013-04-01
