Unconventional Monetary Policy and Bank Risk Taking in Euro Area

Ioana Ple?cãu () and Vasile Cocri? ()
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Ioana Ple?cãu: Alexandru Ioan Cuza University, Iasi, Romania
Vasile Cocri?: Alexandru Ioan Cuza University, Iasi, Romania

Ovidius University Annals, Economic Sciences Series, 2016, vol. XVI, issue 1, 600-605

Abstract: Central banking over the world has changed after the 2008 financial crisis. Monetary policy has expanded the array of instruments it used in order to influence the macro economy. Major central banks started using not only traditional, conventional instruments, but also some nonstandard measures in order to avoid economic collapse and sustain the banking system. The aim of this paper is to analyse the impact of European Central Bank unconventional instruments, measured using the change in its balance sheet, on the bank risk-taking of commercial banks from Eurozone, captured by Z-Score. Our findings point to an increase of bank risk-taking, due to the use of unconventional monetary policy measures.

Keywords: unconventional monetary policy; bank risk-taking; financial crisis (search for similar items in EconPapers)
JEL-codes: E52 E58 G21 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xvi:y:2016:i:1:p:600-605

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