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 …

tighter monetary policy leads to more favorable credit conditions for zombie firms relative to other firms. Zombies are then …

decomposing U.S. interest rates changes into two orthogonal shocks: the pure monetary policy shock and the information news shock … countries, with oil exporters with stronger fundamentals withstanding well the shock and oil importers with weaker fundamentals …

. Micro data show a strong association between credit booms and leverage ratios, firm values, and banking fragility. We also …We study the characteristics of credit booms in emerging and industrial economies. Macro data show a systematic … relationship between credit booms and economic expansions, rising asset prices, real appreciations and widening external deficits …

-level data for central and eastern Europe and controlling for the feedback effect of credit growth on bank soundness. No evidence …This paper examines the behavior of bank soundness indicators during episodes of brisk loan growth, using bank … credit booms supervisors need to carefully monitor the soundness of rapidly expanding banks and stand ready to take ac …

expansion of this market. We show that lending standards declined more in areas that experienced larger credit booms and house …

are experiencing credit booms. This paper analyzes the role of foreign-owned banks in these credit booms. The results show … financial conditions in the foreign bank's home country …

This paper presents a simple heuristic measure of tail risk, which is applied to individual bank stress tests and to …