Adjustments in bank leverage act as the linchpin in the monetary transmission mechanism
that works through fluctuations in risk-taking. In the international context, we find evidence of …

How does domestic monetary policy in systemic countries spillover to the rest of the world?
This paper examines the transmission channel of domestic monetary policy in the cross …

ABSTRACT I show that monetary policy divergence vis-a-vis the US has larger spillover
effects in emerging markets than advanced economies. The monetary policy of the US …

We present evidence of a risk‐taking channel of monetary policy for the US banking system.
We use confidential data on banks' internal ratings on loans to businesses over the period …

We analyze the impact of monetary policy on cross-border bank flows for a large sample of
countries over two decades. We find evidence in favor of a cross-border risk-taking channel …

We compare the macroeconomic and financial spillovers of the unconventional monetary
policies of the Fed and the ECB. Monetary policy tightenings in the two areas are followed …

We assess the effects of monetary policy on bank risk to verify the existence of a risk-taking
channel–monetary expansions inducing banks to assume more risk. We first present VAR …

Exchange rate fluctuations could influence economic activity not only via the standard trade
channel, but also through a financial channel, which operates through the impact of …

To study the presence of a risk‐taking channel in the US, we build a comprehensive data set
from the syndicated corporate loan market and measure monetary policy using different …

We investigate the transmission of central bank liquidity to bank deposits and loan spreads
in Europe over the period from January 2006 to June 2010. We find evidence consistent with …