Bank Risk-Taking, Securitization, Supervision and Low Interest Rates: Evidence from the Euro Area and the U.S. Lending Standards

By José-Luis Peydró. Social Science Research Network, 2010

407 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/26321a166d281050b9c57a5f4015d684865764f3

Citations in the corpus

• Risk in Islamic Banking (2012, unknown): “The existing literature shows that the level of domestic interest rates can influence banks’ risk appetite (Dell’ Ariccia and Marquez, 2006; Rajan, 2006; Borio and Zhu, 2008; Delis and Kouretas, 2010; Maddaloni and Peydró, 2011).”
• Financial Stability and Monetary Policy: How Closely Interlinked? (2014, unknown): “8For example, as discussed in section 4.1, Maddaloni and Peydró (2011) show that the effects of monetary policy on bank lending standards depend on the tightness of the prudential regime. which monetary policy may want to offset.9 It is therefore important that both policies are coordinated and…”
• Does monetary policy affect bank risk (2014, unknown): “…from the Bank Lending Survey for euro-area banks, the Senior Loan Officer Survey for U.S. banks, and the Credit Condition Survey for UK banks regarding the effect of competition on credit conditions to construct a net percentage index (see Maddaloni and Peydró 2011 for a similar application).”
• International Capital Flows and House Prices: Theory and Evidence (2012, unknown): “S . banks in search of yield to undertake more risky mortgage investments ( see Maddaloni and Peydro ( 2011 ) for evidence that banks increase the riskiness of investments in low interest rate environments ) .”
• How Quantitative Easing Works: Evidence on the Refinancing Channel (2016, unknown): “For example, Maddaloni and Peydró (2011) find that low short-term interest rates for an extended period eventually soften lending standards for household and corporate loans.12 Chakraborty, Goldstein, and MacKinlay (2017) and Rodnyansky and Darmouni (2017) look explicitly at the effect of QE on…”
• The Unintended Consequences of the Zero Lower Bound Policy (2016, unknown): “and Ramaswamy, (2009), McCabe (2010), Di Maggio (2013), Duygan-”
• Monetary Policy, Financial Conditions, and Financial Stability (2014, unknown): “Maddaloni and Peydró (2011) find that low rates lead to softer lending standards in both the United States and the euro area, which is greater if rates have been low for an extended period, supervision is weaker, and securitization activity is greater.”
• Finance-Growth Nexus and Dual-Banking Systems: Relative Importance of Islamic Banks (2016, unknown): “The extant literature shows the influence of domestic interest rates on banks’ risk appetite (Dell’ Ariccia and Marquez, 2006; Rajan, 2006; Borio and Zhu, 2008; Delis and Kouretas, 2010; Maddaloni and Peydró, 2011; Jiménez et al., 2013).”
• Bank Leverage and Monetary Policy's Risk-Taking Channel (2013, unknown): “This provides a link with an important segment of the theoretical literature on banking which predicts that risk taking is a function of a bank’s capital structure.”
• Hazardous Times for Monetary Policy: What Do Twenty‐Three Million Bank Loans Say About the Effects of Monetary Policy on Credit Risk‐Taking? (2014, unknown): “Den Haan, Sumner, and Yamashiro (2007) suggested that high short-term rates could imply a decline in bank risk-taking with U.S. data, and Maddaloni and Peydró (2011) with Euro area data.”