WebDec 1, 2024 · Introduction. Research on the role of banks in the macroeconomy has emphasized the importance of the bank capital channel in shaping business cycle fluctuations (Van den Heuvel, 2002, Kopecky, Van Hoose, 2004, Borio, Zhu, 2012, among others). 1 For example, a deterioration of macroeconomic conditions typically increases … WebBorio & Zhu (2012) defines the term “risk-taking channel” of monetary policy as the impact of monetary policy on the willingness of market participants to take on risk exposures, thereby influencing financial conditions and ultimately influencing real economic decisions. Since it influences financial condi-
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WebJun 18, 2024 · Specifically, Borio and Zhu (2012) and Paligorova and Santos (2024) point to subsequent changes in the degree of risk in banks’ portfolios, their pricing of assets, and the price and non-price terms of the funding. Therefore, the monitoring role of creditors on the managers’ risk-taking incentives would be relaxed since lenders are expected ... WebInflation normally occurs when the general price levels of all the goods and services in an economy increases (Borio & Zhu, 2012). When the target interest rate is increased, the investment always then becomes more expensive and also always works to slow the economic growth a bit. The con of the monetary policy is that when the interest rates ... ceska vinjeta online
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WebMar 17, 2011 · The literature suggests that a policy-driven interest rate implementation can affect bank risk through several mechanisms, such as banks' risk tolerance (Borio & Zhu, 2012), incentives to "search ... WebClaudio Borio and Haibin Zhu. No 268, BIS Working Papers from Bank for International Settlements. Abstract: Few areas of monetary economics have been studied as extensively as the transmission mechanism. The literature on this topic has evolved substantially over the years, following the waxing and waning of conceptual frameworks and the ... Web2024). BORIO & ZHU (2012)andVANHOOSE(2008) show that capital regulations levied on formal banking institutions impact the transmission of monetary policy. In fact, monetary … ceska vlajka svisle