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Monetary Policy and Bank Risk-Taking
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Author/Editor: |
Dell'Ariccia, Giovanni |
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Electronic Access: |
Free Full Text (PDF file size is 406KB)
Use the free Adobe Acrobat Reader to view this PDF file.
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Summary: 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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Order a print copy
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Series: |
Staff Position Note No. 2010/9 |
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Subject(s): |
Monetary policy | United States | Macroprudential Policy | Banks | Profits | Asset prices | Interest rates |
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Published: |
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July 27, 2010 |
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ISBN/ISSN: |
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9781455253234 |
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Format: |
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Paper |
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Stock No: |
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SPNEA2010009 |
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Pages: |
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24 |
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Price: |
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US$10.00 |
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Published: |
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July 27, 2010 |
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ISBN/ISSN: |
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978-1-61635-026-0 / 2072-3202 |
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Format: |
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A web quality merged PDF |
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Stock No: |
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SPNET2010009 |
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Pages: |
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21 |
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Price: |
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Free |
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