Unconventional monetary policy has heightened medium-term risks to banks, IMF paper finds
No evidence unconventional monetary policies has ‘helped' developed nation banks
There is no empirical evidence that the deployment of unconventional monetary policy, including forward guidance and quantitative and credit easing, has "helped" developed nation banks, according to an IMF working paper.
However, The effects of unconventional monetary policies on bank soundness, by Frederic Lambert and Kenichi Ueda, finds "some evidence" it has heightened "medium-term risks" due to "delayed balance sheet repair".
"We do not detect clear effects of monetary easing on bank stock
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