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논문 기본 정보
- 자료유형
- 학술저널
- 저자정보
- 발행연도
- 2014.12
- 수록면
- 447 - 473 (27page)
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초록· 키워드
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This paper evaluates the impact on the bank risk of some control variables and the specific characteristics of five domestic banks in Korea by using data from the fourth quarter of 2005 to the fourth quarter of 2013 in order to test the risk-taking channel of monetary policy. Bank risk is measured by credit default swap (CDS) premium. In particular, this study focuses on the relationship between bank risk and the nominal short-term interest rate that reflects monetary policy. As the period of low interest rates becomes longer, banks are willing to take greater risks. This study confirmed that the risk-taking channel exists. This means that monetary policy has a direct impact on financial stability.
목차
1. INTRODUCTION
2. LITERATURE REVIEW
3. DATA
4. ECONOMTRIC MODEL
5. CONCLUSIONS
REFERENCES
참고문헌 (36)
참고문헌 신청
1. [보고서] - Adrian, Tobias / 2009 / Financial Intermediaries and Monetary Economics
2. [보고서] - Adrian, Tobias / 2010 / Monetary Cycles, Financial Cycles, and the Business Cycle
3. [학술지(정기간행물)] - AlizadehJanvisloo, Mohammadreza / 2013 / Non-Performing Loans Sensitivity to Macro Variables: Panel Evidence from Malaysian Commercial Banks / American Journal of Economics 3 (5c) : 16 ~ 21
4. [보고서] - Altunbas, Yener / 2012 / Does Monetary Policy Affect Bank Risk-taking?
5. [학술지(정기간행물)] - Anderson, T. W / 1981 / Estimation of Dynamic Models with Error Components / Journal of the American Statistical Association 76 (375) : 598 ~ 606
2. [보고서] - Adrian, Tobias / 2010 / Monetary Cycles, Financial Cycles, and the Business Cycle
3. [학술지(정기간행물)] - AlizadehJanvisloo, Mohammadreza / 2013 / Non-Performing Loans Sensitivity to Macro Variables: Panel Evidence from Malaysian Commercial Banks / American Journal of Economics 3 (5c) : 16 ~ 21
4. [보고서] - Altunbas, Yener / 2012 / Does Monetary Policy Affect Bank Risk-taking?
5. [학술지(정기간행물)] - Anderson, T. W / 1981 / Estimation of Dynamic Models with Error Components / Journal of the American Statistical Association 76 (375) : 598 ~ 606
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UCI(KEPA) : I410-ECN-0101-2016-320-001104894