Jiménez, G., Ongena, S., Peydró, J.-L., and Saurina, J., (2014), “Hazardous  Times for Monetary Policy: What do Twenty-Three Million Bank Loans Say about the Effects of Monetary Policy on Credit Risk-Taking?”, Econometrica, 82(2), 463–505; Maddaloni, A., and Peydró, J.-L., (2011), “Bank RiskTaking, Securitisation, Supervision and Low Interest Rates: Evidence from the Euro-area and the U.S.
Lending Standards”, The Review of Financial Studies, 24(6), 2121–2165. 7 See, e.g., Reinhart, C., and Rogoff, K., (2009), “This Time Is Different”, Princeton University Press, or Schularick,  M. and A. Taylor (2012), “Credit Booms Gone Bust: Monetary Policy, Leverage Cycles, and Financial Crises, 1870–2008”, American Economic Review, 102(2): 1029–61. 8 See European Central Bank, (2017), “Financial Stability Review”, May 2017.