Does Prolonged Monetary Policy Easing Increase Financial Vulnerability? /
Using firm-level data for approximately 1,000 bank and nonbank financial institutions in 22 countries over the past 15 years we study the impact of prolonged monetary policy easing on risk-taking behavior. We find that the leverage ratio, as well as other measures of firm-level vulnerability, increa...
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| Other Authors: | , |
| Format: | Book |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2017
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| Series: | IMF Working Papers
IMF Working Papers; Working Paper ; No. 2017/065 IMF eLibrary |
| Subjects: | |
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