explaining banks' probability of default. By confirming the role of funding as the driver of banking crisis, the paper also …This paper tests the role of different banks' liquidity funding structures in explaining the banks' failures, which … recognizes that the new liquidity framework proposed by the Basel Committee on Banking Supervision appears to have the features …

interest rates and banking risk is more complex. Ultimately, it depends on how much skin in the game banks have. The central … view that monetary policy easing induces greater risk-taking by banks but also shows that the relationship between real … message of the paper is broadly complementary to those in the recent MCM board paper “Central Banking Lessons from the …

We present evidence of a risk-taking channel of monetary policy for the U.S. banking system. We use confidential data … on the internal ratings of U.S. banks on loans to businesses over the period 1997 to 2011 from the Federal Reserve …’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’s …