Dell’Ariccia, GiovanniLaeven, LucSuarez, Gustavo2019-11-012019-11-012016978-956-7421-52-7https://hdl.handle.net/20.500.12580/3853The 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)..pdfSección o Parte de un Documentop. 234-256engAttribution-NonCommercial-NoDerivs 3.0 ChileTASAS DE INTERÉSPRÉSTAMOS BANCARIOSCRISIS FINANCIERAArtículo