Short-term interest rates and bank lending terms: evidence from a survey of U.S. loans
| dc.contributor.author | Dell’Ariccia, Giovanni | |
| dc.contributor.author | Laeven, Luc | |
| dc.contributor.author | Suarez, Gustavo | |
| dc.coverage.spatial | ESTADOS UNIDOS | es_ES |
| dc.date.accessioned | 2019-11-01T00:07:44Z | |
| dc.date.available | 2019-11-01T00:07:44Z | |
| dc.date.issued | 2016 | |
| dc.identifier.isbn | 978-956-7421-52-7 | |
| dc.identifier.uri | https://hdl.handle.net/20.500.12580/3853 | |
| dc.description | The long period of low interest rates that followed the global financial crisis has rekindled interest in how short-term interest rates affect bank behavior. In particular it has led to a debate on how low policy rates influence bank risk-taking. This risk-taking channel of monetary policy corresponds to the view that interest rate policy affects the quality and not just the quantity of bank credit. From a financial stability perspective one concern is that a protracted period of low interest rates and monetary stimulus could contribute to an increase in financial risk-taking (Rajan 2010 Farhi and Tirole 2012 Acharya Pagano and Volpin 2013 Chodorow-Reich 2014). Concerns about the risk-taking effects of monetary policy have motivated a lively debate about the extent to which financial stability considerations should be an integral part of the monetary policy framework (Woodford 2012 Stein 2014). | |
| dc.format | ||
| dc.format.extent | Sección o Parte de un Documento | |
| dc.format.medium | p. 234-256 | |
| dc.language.iso | eng | |
| dc.publisher | Banco Central de Chile | |
| dc.relation.ispartof | Series on Central Banking Analysis and Economic Policies no. 24 | |
| dc.rights | Attribution-NonCommercial-NoDerivs 3.0 Chile | * |
| dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ | * |
| dc.subject | TASAS DE INTERÉS | es_ES |
| dc.subject | PRÉSTAMOS BANCARIOS | es_ES |
| dc.subject | CRISIS FINANCIERA | es_ES |
| dc.title | Short-term interest rates and bank lending terms: evidence from a survey of U.S. loans | |
| dc.type.doc | Artículo | |
| dc.file.name | BCCh-sbc-v24-p234_256 |
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