Am Dienstag, den 08.07.2025, findet ein Vortrag im Rahmen des Finance Research Seminars statt. Das Seminar beginnt um 16:15 h und findet im JUR 253, Universitätsstraße 14-16 statt. Im Sommersemester 2025 wird das Finance Research Seminar in Präsenz durchgeführt. Für Interessenten wird ein Zoom Meeting angeboten. Die Zugangsdaten werden auf Anfrage mitgeteilt. Bitte senden Sie hierfür eine Nachricht bis zum 08.07.2025, 12:00 h an Mira.Maslej@wiwi.uni-muenster.de.

Asst. Prof. Mete Kilic, University of Southern California Marshall School of Business, hält einen Vortrag zum Thema:

“The Fed Put and Bank Risk-Taking: Evidence from the Loan Book”

This paper shows that monetary policy influences bank credit policy through the risk-taking channel. Using option prices on FOMC announcement days, we measure the impact of monetary policy on bank equity tail risks and link them to loan-level regulatory data. Banks that experience a decline in tail risk lend more to riskier firms and ease loan terms. These effects are concentrated among banks with short-term compensation structures and in competitive credit markets. Our results isolate the impact of bank risk-taking in loan supply from confounding forces such as endogenous credit demand and highlight how institutional frictions mediate the risk-taking channel of monetary policy.