Delis, Manthos D.; Kouretas, Georgios P. - In: Journal of Banking & Finance 35 (2011) 4, pp. 840-855
A recent line of research views the low interest-rate environment of the early to mid 2000s as an element that triggered increased risk-taking appetite of banks in search for yield. This paper uses approximately 18000 annual observations on euro area banks over the period 2001-2008 and presents...