Series: IMF Working Papers
Author(s): Frederic Lambert , and Kenichi Ueda
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 13 August 2014
Keywords: Bank Profitability, Bank Risk, Balance Sheet Repair, bond, government bond, bond yield, government bond yield, bond yields, Monetary Policy (Targets, Instruments
Unconventional monetary policy is often assumed to benefit banks. However, we find little supporting evidence. Rather, we find some evidence for heightened medium-term risks. First, in an event study using a novel...