Arbeitspapier
Bank risk-taking and impaired monetarypolicy transmission
We consider a standard banking model with agency frictions to simultaneously studythe weakening and reversal of monetary transmission and banks' risk-taking in alow-interest environment. Both, weaker monetary transmission and higher risk-taking arise because lower policy rates impair banks' net worth. The pass-throughto deposit rates, the level of excess reserves and the extent of the agency problembetween banks and depositors are crucial determinants of monetary transmission.If the deposit pass-through is sufficiently impaired, a reversal rate exists. For policyrates below the reversal rate further interest rate reductions lead to a disproportionalincrease in risk-taking and a contraction in loan supply.
- ISBN
-
978-3-95729-850-8
- Sprache
-
Englisch
- Erschienen in
-
Series: Deutsche Bundesbank Discussion Paper ; No. 42/2021
- Klassifikation
-
Wirtschaft
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
Financial Markets and the Macroeconomy
Monetary Policy
- Thema
-
Monetary policy
Bank lending
Risk-taking channel
Reversal rate
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Koenig, Philipp J.
Schliephake, Eva
- Ereignis
-
Veröffentlichung
- (wer)
-
Deutsche Bundesbank
- (wo)
-
Frankfurt a. M.
- (wann)
-
2021
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Koenig, Philipp J.
- Schliephake, Eva
- Deutsche Bundesbank
Entstanden
- 2021
Ähnliche Objekte (12)
Bank risk-taking and impaired monetary policy transmission
Synthetic leverage and fund risk-taking
Synthetic leverage and fund risk-taking
Convertible bonds and bank risk-taking
Bank risk-taking and impaired monetary policy transmission
Monetary policy and the asset risk-taking channel
Bank profitability, leverage constraints, and risk-taking
Which banks are more risky? The impact of loan growth and business model on bank risk-taking
Central bank funding and credit risk-taking
Toothless tiger with claws? : financial stability communication, expectations, and risk-taking
Toothless tiger with claws? Financial stability communication, expectations, and risk-taking
Negative monetary policy rates and systemic banks' risk-taking: Evidence from the euro area securities register
Bank risk-taking and impaired monetary policy transmission
Synthetic leverage and fund risk-taking
Synthetic leverage and fund risk-taking
Convertible bonds and bank risk-taking
Bank risk-taking and impaired monetary policy transmission
Monetary policy and the asset risk-taking channel
Bank profitability, leverage constraints, and risk-taking
Which banks are more risky? The impact of loan growth and business model on bank risk-taking
Central bank funding and credit risk-taking
Toothless tiger with claws? : financial stability communication, expectations, and risk-taking
Toothless tiger with claws? Financial stability communication, expectations, and risk-taking
Negative monetary policy rates and systemic banks' risk-taking: Evidence from the euro area securities register
Bank risk-taking and impaired monetary policy transmission
Synthetic leverage and fund risk-taking
Synthetic leverage and fund risk-taking
Convertible bonds and bank risk-taking
Bank risk-taking and impaired monetary policy transmission
Monetary policy and the asset risk-taking channel
Bank profitability, leverage constraints, and risk-taking
Which banks are more risky? The impact of loan growth and business model on bank risk-taking
Central bank funding and credit risk-taking
Toothless tiger with claws? : financial stability communication, expectations, and risk-taking
Toothless tiger with claws? Financial stability communication, expectations, and risk-taking