Capital Regulation, Risk-Taking and Monetary Policy: A Missing Link in the Transmission Mechanism?

By C. Borio, Haibin Zhu. 2012

964 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/a1ec38be3e02007514eb6557ea931d56fd354e62

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Citations in the corpus

Market Tantrums and Monetary Policy (2014, positive): “The idea presented in our example is that delegated investors such as fund managers are concerned with their relative performance compared to their peers, an idea familiar from earlier works, such as Rajan (2005) and Borio and Zhu (2012).”
Finance-Growth Nexus and Dual-Banking Systems: Relative Importance of Islamic Banks (2016, neutral): “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).”
Macroprudential Policy - A Literature Review (2012, neutral): “the procyclicality of risk (BIS, 2001; Borio et al., 2001; Danielsson et al., 2001; Borio and Zhu, 2008; Brunnermeier et al, 2009, Brunnermeier and Pedersen, 2009; Shin, 2009).”
Determinants of Bank Interest Margins: Impact of Maturity Transformation (2015, neutral): “2 Recently, discussions about the existence of the bank risk-taking channel (Borio and Zhu, 2011), i.”
Risk in Islamic Banking (2012, positive): “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).”
Risk, Uncertainty and Monetary Policy (2013, neutral): “market volatility (uncertainty) and a residual, the so-called variance premium (see, for example, Carr and Wu (2009)), that reflects risk aversion and other non-linear pricing effects, perhaps even Knightian uncertainty. Establishing which component drives the strong comovements between the monetary”
International Channels of Transmission of Monetary Policy and the Mundellian Trilemma (2015, positive): “In the ”risk-taking channel” of monetary policy as described by Borio and Zhu (2012) and Bruno and Shin (2015b), financial intermediation plays a key role and measured risk enters the financial friction.”