Why are Banks Exposed to Monetary Policy?
收藏NBER2017-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w24076
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资源简介：
We propose a model of banks exposure to movements in interest rates and their role in the transmission of monetary shocks. Since bank deposits provide liquidity, higher interest rates allow banks to earn larger spreads on deposits. Therefore, if risk aversion is higher than one, banks' optimal
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美国国家经济研究局创建时间：
2017-12-01
