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bank lending and risk-taking channels of monetary policy by exploiting – Italian's unique – credit and security registers …
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the security level for each bank in each period, we find that during the crisis, banks with higher trading expertise …
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level. All of the effects are more pronounced for trading banks with higher capital levels. Finally, banks use central bank …
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resultant credit restriction by turning to other banks. Importantly the bank-lending channel is notably stronger when we account …
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