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Capital flows and the risk-taking channel of monetary policy
Bank leverage monetary policy capital fl ows risk-taking channel
2014/3/18
We study the dynamics linking monetary policy with bank leverage and show that adjustments in leverage act as the linchpin in the monetary transmission mechanism that works through fluctuations ...
Capital flows and the risk-taking channel of monetary policy
Bank leverage monetary policy capital fl ows risk-taking channel
2014/3/18
We study the dynamics linking monetary policy with bank leverage and show that adjustments
in leverage act as the linchpin in the monetary transmission mechanism that works through fluctuations...