Short-term interest rates and bank lending terms: evidence from a survey of U.S. loans

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 correspon...

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Autores principales:	Dell’Ariccia, Giovanni, Laeven, Luc, Suarez, Gustavo
Formato:	Artículo
Lenguaje:	eng
Publicado:	Banco Central de Chile 2019
Materias:	TASAS DE INTERÉS PRÉSTAMOS BANCARIOS CRISIS FINANCIERA
Acceso en línea:	https://hdl.handle.net/20.500.12580/3853
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spelling	oai-20.500.12580-38532021-04-24T11:12:58Z Short-term interest rates and bank lending terms: evidence from a survey of U.S. loans Dell’Ariccia, Giovanni Laeven, Luc Suarez, Gustavo TASAS DE INTERÉS PRÉSTAMOS BANCARIOS CRISIS FINANCIERA 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). 2019-11-01T00:07:44Z 2019-11-01T00:07:44Z 2016 Artículo 978-956-7421-52-7 https://hdl.handle.net/20.500.12580/3853 eng Series on Central Banking Analysis and Economic Policies no. 24 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 234-256 application/pdf ESTADOS UNIDOS Banco Central de Chile
institution	Banco Central
collection	Banco Central
language	eng
topic	TASAS DE INTERÉS PRÉSTAMOS BANCARIOS CRISIS FINANCIERA
spellingShingle	TASAS DE INTERÉS PRÉSTAMOS BANCARIOS CRISIS FINANCIERA Dell’Ariccia, Giovanni Laeven, Luc Suarez, Gustavo Short-term interest rates and bank lending terms: evidence from a survey of U.S. loans
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).
format	Artículo
author	Dell’Ariccia, Giovanni Laeven, Luc Suarez, Gustavo
author_facet	Dell’Ariccia, Giovanni Laeven, Luc Suarez, Gustavo
author_sort	Dell’Ariccia, Giovanni
title	Short-term interest rates and bank lending terms: evidence from a survey of U.S. loans
title_short	Short-term interest rates and bank lending terms: evidence from a survey of U.S. loans
title_full	Short-term interest rates and bank lending terms: evidence from a survey of U.S. loans
title_fullStr	Short-term interest rates and bank lending terms: evidence from a survey of U.S. loans
title_full_unstemmed	Short-term interest rates and bank lending terms: evidence from a survey of U.S. loans
title_sort	short-term interest rates and bank lending terms: evidence from a survey of u.s. loans
publisher	Banco Central de Chile
publishDate	2019
url	https://hdl.handle.net/20.500.12580/3853
work_keys_str_mv	AT dellaricciagiovanni shortterminterestratesandbanklendingtermsevidencefromasurveyofusloans AT laevenluc shortterminterestratesandbanklendingtermsevidencefromasurveyofusloans AT suarezgustavo shortterminterestratesandbanklendingtermsevidencefromasurveyofusloans
_version_	1718346878526947328

Short-term interest rates and bank lending terms: evidence from a survey of U.S. loans

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