Events surrounding the global financial crisis have brought to light the potential role of monetary policy in precipitating the crisis. Numerous studies on advanced economies have documented a significant negative relationship between interest rates and bank risk-taking. This paper also finds...

Based on Caliendo and Parro's general equilibrium model, this study used the Regional Comprehensive Economic Partnership (RCEP) tariff reduction schedule to quantify the trade and welfare effects of the RCEP on its members at different points in time and calculated the welfare for the...