从理论到实践:货币政策传播和银行风险动态
Zheng Zhang1, Joel Clovis2, Peter Moffatt3
1School of Finance, Shandong Technology and Business University, Yantai, PRC.
PloS one
|April 18, 2024
概括
低利率增加了银行承担风险,尤其是资本不足的银行. 这种与货币政策相关的效应在金融危机之后更加明显.
科学领域:
- 经济学 经济学 经济学
- 金融规章制度 金融规章制度 金融规章制度
- 货币政策分析 货币政策分析
背景情况:
- 银行监控的努力影响了贷款风险.
- 货币政策是金融体系稳定的关键决定因素.
研究的目的:
- 研究货币政策与银行承担风险之间的关系.
- 分析利率对银行贷款行为的影响.
主要方法:
- 有或没有有限责任假设的理论建模.
- 使用美国银行 (2000-2017年) 独一无二的季度资产负债表数据进行实证分析.
主要成果:
- 低利率显著增加了银行承担风险.
- 这种影响在金融危机后和资本不足的银行中得到了放大.
- 较高的股权融资加剧了货币政策对风险的影响.
结论:
- 货币政策,特别是低利率,影响了银行承担风险的行为.
- 银行资本化和与金融危机相对的时期缓和了这种关系.
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