Webet al., 2010; Adrian & Shin, 2009; Borio & Zhu, 2008; Gambacorta & Marques-Ibanez, 2011). Central Bank indirect control of interest rates is the monetary policy regime cur-rently used in most countries. There is therefore an inconsistency between one of the main principles of Islamic nance, i.e. the prohibition of riba, and the conduct WebBorio & Zhu (2008) pointed out the low interest rate will reduce the risk tolerance of banks, which is conducive to enhancing the level of risk-taking. According to Delis & Kouretas (2010) , whose paper was based on the data of the bank in euro area of the year of 2001-2008, low interest rate level will increase the level of bank risk-taking.
Capital Regulation, Risk-Taking and Monetary Policy: A Missing
WebDecember 2008 JEL codes: E44, E51, E52, G12, G21, G28 Keywords: risk-taking channel, transmission mechanism, capital regulation, procyclicality . BIS Working Papers are … Web2Borio and White (2004), Borio and Zhu (2012), Adrian and Shin (2008, 2009, 2010) and Disyatat (2010). 3Other empirical papers that focus on the relationship between monetary policy and bank risk taking are JimØnez and others (2009), Ioannidou, Ongena and Peydro (2009), Buch, Eickmeier and Prieto (2010), Delis good places to visit spring break near me
Leaning Against the Wind and the Timing of Monetary …
WebBORIO & ZHU (2012)andVANHOOSE(2008) show that capital regulations levied on formal banking institutions impact the transmission of monetary policy. In fact, monetary policy … WebUS housing demand (Jarocinski and Smets, 2008). In particular, low policy rates drove down the cost of wholesale funding, and cheap wholesale funding has been an important factor … WebBORIO & ZHU (2012)andVANHOOSE(2008) show that capital regulations levied on formal banking institutions impact the transmission of monetary policy. In fact, monetary policy pass through is high for low-capitalised banks. Furthermore, BORIO & ZHU (2012) argue for the existence of a risk-taking channel of monetary policy in which financial agents ... chesterton chiropractic