We present evidence of a risk-taking channel of monetary policy for the U.S. banking system. We use confidential data … pronounced for banks with relatively low capital or during periods when banks’ capital erodes, such as episodes of financial and …

interest rates and banking risk is more complex. Ultimately, it depends on how much skin in the game banks have. The central … message of the paper is broadly complementary to those in the recent MCM board paper “Central Banking Lessons from the …

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

examines one particular channel at work: the supply of credit. It presents a model in which a bank, even if managed by risk … credit supply is achieved by looking at the differential response of banks according to their level of capitalization …. Consistent with the theoretical predictions, increases in uncertainty reduce the supply of credit, more so for banks with lower …

This paper presents an approach to understanding the shadow banking system in the United States using a new Global Flow … the U.S. banking sector (ODCs) and its interconnectedness with the banking sectors in the Euro area and the United Kingdom … relationship between credit to domestic entities and the growth of non-core liabilities. We find that external debt liabilities of …