How to order
IMF Publications

Other Publications

Recent Titles

Working Papers in full text
2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 All


Country Reports in full text
2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 All


Staff Discussion Notes in full text
2014 2013 2012 2011 2010 2009 All


Technical Notes and Manuals in full text
2014 2013 2012 2011 2010 2009 All



Monetary Policy and Bank Risk-Taking

Author/Editor: Giovanni Dell'Ariccia
Electronic Access: Free Full Text (PDF file size is 406KB)
Use the free Adobe Acrobat Reader to view this PDF file.

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.”
 
Order a print copy
Series: Staff Position Note No. 2010/9
Subject(s): Monetary policy | United States | Macroprudential Policy | Banks | Profits | Asset prices | Interest rates
 
English  
    Published:   July 27, 2010        
    ISBN/ISSN:   9781455253234   Format:   Paper
    Stock No:   SPNEA2010009   Pages:   22
    Price:   US$10.00        
English  
    Published:   July 27, 2010        
    ISBN/ISSN:   978-1-61635-026-0 / 2072-3202   Format:   A web quality merged PDF
    Stock No:   SPNET2010009   Pages:   21
    Price:   Free        
     
Academic Rate: US$10.00
Please address any questions about this title to publications@imf.org.