Capital Flows and the Risk-Taking Channel of Monetary Policy

Adjustments in bank leverage act as the linchpin in the monetary transmission mechanism that works through fluctuations in risk-taking. In the international context, we find evidence of monetary policy spillovers on cross-border bank capital flows and the US dollar exchange rate through the banking sector. A contractionary shock to US monetary policy leads… (More)

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Citations per Year

Citation Velocity: 9

Averaging 9 citations per year over the last 3 years.

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