Federal Reserve Bank of Cleveland: 'Oil Price Fluctuations, US Banks, and Macroprudential Policy'
October 29, 2024
October 29, 2024
CLEVELAND, Ohio, Oct. 29 (TNSres) -- The Federal Reserve Bank of Cleveland issued the following white paper (No. 22-33R) on October 23, 2024, by Paolo Gelain and Marco Lorusso entitled "Oil Price Fluctuations, US Banks, and Macroprudential Policy."
Here are excerpts:
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Using US micro-level data on banks, we document a negative effect of high oil prices on US banks' balance sheets, more negative for highly leveraged banks. We set and estimate a . . .
Here are excerpts:
* * *
Using US micro-level data on banks, we document a negative effect of high oil prices on US banks' balance sheets, more negative for highly leveraged banks. We set and estimate a . . .