量化宽松和银行承担风险的行为
Saroj Dhital1, Chandler Dixon1, Eddie Evanczyk1
1Economics and Business Department, Southwestern University, United States of America.
Heliyon
|August 4, 2023
概括
美国联邦储备委员会联邦储备委员会
科学领域:
- 货币政策 货币政策 货币政策
- 银行业和金融市场.
背景情况:
- 美联储的大规模资产购买 (LSAP) 计划为银行系统注入流动性.
- 了解这些计划对银行贷款和承担风险的影响对于金融稳定至关重要.
研究的目的:
- 调查LSAP的储备创造对银行贷款和承担风险行为的影响.
- 测试是否存在一个承担风险的道,通过该道,银行根据LSAP政策增加风险较高的贷款.
主要方法:
- 用差异分析来评估LSAP的影响.
- 银行投资组合组成,特别是抵押贷款支持证券持有,被用来衡量对LSAP计划的风险异质性.
主要成果:
- 第一轮和第三轮量化宽松 (QE) 显著增加了银行总贷款和风险较高贷款的比例.
- 第二轮量化宽松并没有对银行贷款行为产生重大影响.
结论:
- 这些发现支持在货币政策传播中存在风险承担道.
- 对于银行贷款和风险偏好,LSAP对LSAP的影响在不同方案中各不相同.
相关概念视频
Quantitative Analysis
329
Quantitative analysis is a technique for measuring the amount of specific constituents in a sample. When the sample's composition is unknown, qualitative analysis is performed first to identify its components, which ensures that the correct substances are measured during the quantitative phase.
In quantitative analysis, two key measurements are made: the sample quantity and a property proportional to the amount of the analyte (the substance being analyzed). This forms the basis of the...
In quantitative analysis, two key measurements are made: the sample quantity and a property proportional to the amount of the analyte (the substance being analyzed). This forms the basis of the...
329
Types of Biopharmaceutical Studies: Controlled and Non-Controlled Approaches
148
Biopharmaceutical studies constitute a vital field aiming to enhance drug delivery methods and refine therapeutic approaches, drawing upon diverse interdisciplinary knowledge. In research methodologies, the choice between controlled and non-controlled studies significantly influences the study's reliability and accuracy.
Non-controlled studies, commonly employed for initial exploration, lack a control group, rendering them susceptible to biases and external influences. In contrast,...
Non-controlled studies, commonly employed for initial exploration, lack a control group, rendering them susceptible to biases and external influences. In contrast,...
148
Reaction Quotient
48.6K
The status of a reversible reaction is conveniently assessed by evaluating its reaction quotient (Q). For a reversible reaction described by m A + n B ⇌ x C + y D, the reaction quotient is derived directly from the stoichiometry of the balanced equation as
48.6K
Quantitative Aspects of Drug-Receptor Interaction
1.0K
The receptor occupancy theory connects a drug's response to the number of occupied receptors. With higher drug concentrations, more receptors are occupied, leading to increased responses. The formation of drug-receptor complexes involves association and dissociation rates, which reach equilibrium when the forward and backward reactions are equal. The equilibrium association constant (Ka) and its inverse, the equilibrium dissociation constant (Kd), indicate drug affinity. Higher Ka and lower...
1.0K
Econometric Views (EViews)
171
Econometric Views, often stylized as EViews, is a package that merges statistical analysis with econometric studies. It is designed to provide tools for time series analysis, forecasting, and econometric model simulation. The software originated from MicroTSP software and has evolved significantly since its inception in 1981. The history of EViews is marked by a continuous effort to enhance its computational speed and user interface. It was initially developed for large computing systems but...
171
Propagation of Uncertainty from Random Error
726
An experiment often consists of more than a single step. In this case, measurements at each step give rise to uncertainty. Because the measurements occur in successive steps, the uncertainty in one step necessarily contributes to that in the subsequent step. As we perform statistical analysis on these types of experiments, we must learn to account for the propagation of uncertainty from one step to the next. The propagation of uncertainty depends on the type of arithmetic operation performed on...
726


