communication about the exit from unconventional monetary policy can and did help later to reduce the risk of excessive market … volatility. And for the global community, enhanced global cooperation, including a strong global financial safety net, offers … emerging markets effective protection against excessive volatility. …

view that monetary policy easing induces greater risk-taking by banks but also shows that the relationship between real … interest rates and banking risk is more complex. Ultimately, it depends on how much skin in the game banks have. The central …

We present evidence of a risk-taking channel of monetary policy for the U.S. banking system. We use confidential data …’s survey of terms of business lending. We find that ex-ante risk taking by banks (as measured by the risk rating of the bank …

, a risk-adjusted balance sheet relating bank asset values to equity value, default risk, and bank funding costs. Even … though the results show that banks are found to be resilient to shocks, more work on systemic risk models could help analyze … systemic risk under stress scenarios. …

This paper derives risk indicators for the major Chilean banks based on contingent claims analysis, an extension of … Black-Scholes-Merton option-pricing theory. These risk indicators are clearly tied to macroeconomic and financial … banks' risk to a tractable number, we apply principal component analysis. Vector autoregressions of risk indicators with the …

systemic risk in the corporate and financial sectors, as well as systemic sovereign risk; and is also forward looking as it is … END to assess systemic risk in the corporate sector in Korea, Malaysia, and Thailand. We also discuss how the END systemic … risk indicator overcomes some of the shortcomings of other vulnerability indicators. …