Do banks take excessive risks?

論文翻譯標題: 銀行與過度風險承擔
  • 張 毓文

學生論文: Master's Thesis


This paper tests the hypothesis that low interest rates are likely to exacerbate banks’ risk-taking behavior by examining approximately 6000 annual observations in the United States over the period of 2001-2015 I find mixed results Inconsistent with this hypothesis I find that banks’ risk assets rise with short-term rate long-term rate and central bank rate However I find opposite results when I measure the level of banks’ risk-taking by non-performing loans In addition I find that heterogeneous risk-taking behavior is likely to result from differential bank characteristics Specifically less efficient banks tend to take on higher risk than more efficient counterparts
獎項日期2016 六月 15
監督員Ping-Hsun Huang (Supervisor)