... Series No 1394November 2011 Maddaloni, A. and Peydró J.L. (2011) , “Bank Risk Taking, Securitization, Supervision, and Low Interest Rates: Evidence from Lending Standards”, Review of Financial ... (2009), “Securitisation and Financial Stability”, Economic Journal 119, No. 536, pp. 309-332. Shleifer, A. and Vishny R.W. (2010), “Unstable Banking”, Journal of Financial Economics 97, Issue 3, ... Banking: Is Non-interest Income the Answer?”, Journal of Money, Credit, and Banking, 36, pp. 853-882. 4ECBWorking Paper Series No 1394November 2011 Abstract We exploit the 2007-2009 financial...