Toma de riesgo de los directivos ante bajos tipos de interés

Bibliographische Referenzen

• Abbate, A.; Thaler, D. (2018). Monetary policy and the asset risk-taking channel. Documento de Trabajo N.º 1805 del Banco de España.
• Altavilla, C.; Boucinha, M.; Peydró, J.L. (2017). “Monetary policy and bank profitability in a low interest rate environment”. European Central Bank Working Paper Series Nº 2105, October, 1-52.
• Bernanke, B.S.; Gertler, M. (1995). “Inside the black box: The credit channel of monetary policy transmission”. Journal of Economic Perspectives, 9(4), 27-48.
• Borio, C.; Zhu, H. (2012). “Capital regulation, risk-taking and monetary policy: a missing link in the transmission mechanism?” Journal of Financial Stability, 8(4), 236-51.
• Coles, J.L.; Naveen, D.D.; Naveen, L. (2006). “Managerial incentives and risk taking”. Journal of Financial Economics, 79(2), 431-68.
• Creal, D.D.; Wu, C. (2014). Term structure of interest rate volatility and macroeconomic uncertainty. Working Paper, Mimeo, Chicago Booth.
• European Central Bank (ECB) (2017). “Lower interest rates and sectoral changes in interest income”. Economic Bulletin, Issue 5, 31-5.
• Gambacorta, L.; Marques-Ibanez,D. (2011). “The bank lending channel: lessons from the crisis”. Economic Policy, 26(66), 135-82.
• Lascelles, D.; Patel, K. (2017). Insurance banana skins 2017: The CSFI survey of the risks facing insurers. Report number 126 of the Centre for the Study of Financial Innovation (CSFI) in collaboration with PwC. <https://www.pwc.es/es/publicaciones/seguros/insurance-banana-skins-2017.pdf>.
• Maddaloni, A.; Peydró, J.L. (2011). “Bank risk-taking, securitization, supervision, and low interest rates: Evidence from the Euro-area and the US lending standards”. Review of Financial Studies, 24(6), 2121-65.