International monetary spillovers in bank profitability and risk-taking
研究了发达国家与金砖国家中货币政策变化对银行盈利能力和风险承担的影响，发现国内紧缩政策提高盈利并降低风险，且发达国家央行决策对金砖国家银行有显著溢出效应，通过内部融资渠道传导。
Abstract This article explores the impact of monetary policy changes on bank profitability and risk-taking in developed countries and BRICS. Utilizing a comprehensive dataset including country- and bank-level data from the Eurozone, the USA, the UK, Japan, and the BRICS, we distinguish between domestic and international monetary policy effects. Our analysis reveals that a monetary policy tightening increases bank profitability and reduces bank risk-taking domestically. Furthermore, we find that central bank decisions in developed countries have notable spillover effects on bank profitability and risk-taking in BRICS banks. These international spillovers operate through an internal funding channel, wherein global parent banks exchange funds with their affiliates.