01804cas a2200277 a 4500 AALejournalIMF010467 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455253234 2617-6742 BD-DhAAL BD-DhAAL Dell'Ariccia, Giovanni. Monetary Policy and Bank Risk-Taking / Giovanni Dell'Ariccia, Gianni De Nicolo, Luc Laeven, Fabian Valencia. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (22 pages) IMF Staff Position Notes <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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.'. Mode of access: Internet De Nicolo, Gianni. Laeven, Luc. Valencia, Fabian. IMF Staff Position Notes; Staff Position Note ; No. 2010/009 Full text available on IMF http://elibrary.imf.org/view/journals/004/2010/009/004.2010.issue-009-en.xml IMF e-Library