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 …

procyclicality of bank credit dynamics to the private sector and contain systemic risk. Reserve requirements, in particular, have …

economic diversification would reduce their exposure to volatility and uncertainty in the global oil market, help create jobs … economies—fixing these incentives is the “missing link†in the GCC countries’ diversification strategies. At present … limited. This paper argues that increased diversification will require realigning incentives for firms and workers in the …