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150128 ||| eng |
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|a 9781455253234
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|a Dell'Ariccia, Giovanni
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|a Monetary Policy and Bank Risk-Taking
|c Giovanni Dell'Ariccia, Gianni De Nicolo, Luc Laeven, Fabian Valencia
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2010
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| 300 |
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|a 22 pages
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| 651 |
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4 |
|a United States
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| 653 |
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|a Depository Institutions
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| 653 |
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|a Interest rates
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| 653 |
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|a Commercial banks
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| 653 |
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|a Banks
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| 653 |
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|a Finance
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| 653 |
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|a Banks and banking
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| 653 |
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|a Industries: Financial Services
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| 653 |
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|a Real interest rates
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| 653 |
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|a Micro Finance Institutions
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| 653 |
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|a Mortgages
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| 653 |
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|a Loans
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| 653 |
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|a Banks and Banking
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| 653 |
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|a Banking
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| 653 |
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|a Interest Rates: Determination, Term Structure, and Effects
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| 653 |
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|a Monetary Policy
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| 653 |
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|a Central bank policy rate
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| 700 |
1 |
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|a De Nicolo, Gianni
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| 700 |
1 |
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|a Laeven, Luc
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| 700 |
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|a Valencia, Fabian
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| 041 |
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7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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|a IMF Staff Position Notes
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| 028 |
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|a 10.5089/9781455253234.004
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| 856 |
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|u https://elibrary.imf.org/view/journals/004/2010/009/004.2010.issue-009-en.xml?cid=23990-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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|a This paper contributes to the current debate on what role financial stability considerations should play in monetary policy decision and how best to integrate macro-prudential and monetary policy frameworks. The paper broadly supports the view that monetary policy easing induces greater risk-taking by banks but also shows that the relationship between real interest rates and banking risk is more complex. Ultimately, it depends on how much skin in the game banks have. The central message of the paper is broadly complementary to those in the recent MCM board paper “Central Banking Lessons from the Crisis.”
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