Bank risk and monetary policy
Yener Altunbas (),
Leonardo Gambacorta () and
David Marques-Ibanez ()
No 1075, Working Paper Series from European Central Bank
We find evidence of a bank lending channel for the euro area operating via bank risk. Financial innovation and the new ways to transfer credit risk have tended to diminish the informational content of standard bank balance-sheet indicators. We show that bank risk conditions, as perceived by financial market investors, need to be considered, together with the other indicators (i.e. size, liquidity and capitalization), traditionally used in the bank lending channel literature to assess a bank JEL Classification: E44, E5
Keywords: bank; bank lending channel; monetary policy; risk (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ban, nep-cba, nep-eec, nep-mac, nep-mon and nep-rmg
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Journal Article: Bank risk and monetary policy (2010)
Working Paper: Bank risk and monetary policy (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbwps:20091075
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