Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/216788 
Erscheinungsjahr: 
2015
Quellenangabe: 
[Journal:] Open Economies Review [ISSN:] 1573-708X [Volume:] 26 [Issue:] 3 [Publisher:] Springer [Place:] Berlin, Heidelberg [Year:] 2015 [Pages:] 407-445
Verlag: 
Springer, Berlin, Heidelberg
Zusammenfassung: 
This paper examines the impact of monetary conditions on the risktaking behaviour of banks in the Czech Republic by analysing the comprehensive credit register of the Czech National Bank. Our duration analysis indicates that expansionary monetary conditions promote risk-taking among banks. At the same time, a lower interest rate during the life of a loan reduces its riskiness. While seeking to assess the association between banks’ appetite for risk and the short-term interest rate we answer a set of questions related to the difference between higher liquidity versus credit risk and the effect of the policy rate conditioned on bank and borrower characteristics.
Schlagwörter: 
business cycle
credit risk
financial stability
lending standards
monetary policy
risk-taking
JEL: 
E5
E44
G21
DOI der veröffentlichten Version: 
Dokumentart: 
Article
Dokumentversion: 
Manuscript Version (Preprint)
Erscheint in der Sammlung:

Datei(en):
Datei
Größe





Publikationen in EconStor sind urheberrechtlich geschützt.