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Contribution Details
| Type | Journal Article |
| Scope | Discipline-based scholarship |
| Title | Monetary conditions and banks' behaviour in the Czech Republic |
| Organization Unit | |
| Authors |
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| Item Subtype | Original Work |
| Refereed | Yes |
| Status | Published in final form |
| Language |
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| Journal Title | Open Economies Review |
| Publisher | Springer |
| Geographical Reach | international |
| ISSN | 0923-7992 |
| Volume | 26 |
| Number | 3 |
| Page Range | 407 - 445 |
| Date | 2015 |
| Abstract Text | This paper examines the impact of monetary conditions on the risk-taking behaviour of banks in the Czech Republic by analysing the comprehensive credit register of the Czech National Bank. Our duration analysis indicates that expansionary monetary conditions promote risk-taking among banks. At the same time, a lower interest rate during the life of a loan reduces its riskiness. While seeking to assess the association between banks’ appetite for risk and the short-term interest rate we answer a set of questions related to the difference between higher liquidity versus credit risk and the effect of the policy rate conditioned on bank and borrower characteristics |
| Free access at | DOI |
| Digital Object Identifier | 10.1007/s11079-015-9355-y |
| Other Identification Number | merlin-id:12104 |
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