Altunbas, Yener; Gambacorta, Leonardo; Marques-Ibanez, David - In: International Journal of Central Banking 10 (2014) 1, pp. 95-136
We investigate the effect of relatively loose monetary policy on bank risk through a large panel including quarterly … low levels of interest rates over an extended period of time contributed to an increase in bank risk. This result holds … supervision, securitization activity, and bank competition. The results suggest that monetary policy is not neutral from a …