Data and Code for: Bank Risk-Taking, Credit Allocation, and Monetary Policy Transmission: Evidence from China
收藏ICPSR2025-01-01 更新2026-04-16 收录
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https://www.openicpsr.org/openicpsr/project/231821/version/V1/view
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资源简介：
Using confidential loan-level data, we examine how Basel III influenced the responses of bank risk-taking to monetary policy shocks in China. We use a difference-in-differences (DID) approach, exploiting disparities in lending behavior between high- and low-risk bank branches before and after the new regulations. Our findings reveal a novel risk-weighting channel through which monetary policy easing significantly reduced bank risk-taking. However, this risk reduction was achieved by shifting lending towards ostensibly low-risk state-owned enterprises (SOEs) with government guarantees, despite their lower average productivity. Our findings suggest a tradeoff facing China’s monetary policy between curbing bank risks and addressing credit misallocation.
提供机构：
University of International Business and Economics; Fudan University; Central University of Finance and Economics; Federal Reserve Bank of San Francisco
创建时间：
2025-01-01
