000133050 001__ 133050 000133050 005__ 20240322124129.0 000133050 0247_ $$2doi$$a10.1111/1759-3441.12195 000133050 0248_ $$2sideral$$a103524 000133050 037__ $$aART-2017-103524 000133050 041__ $$aeng 000133050 100__ $$0(orcid)0000-0002-8816-5816$$aPeña, Guillermo$$uUniversidad de Zaragoza 000133050 245__ $$aMoney, Lending and Banking Crises 000133050 260__ $$c2017 000133050 5060_ $$aAccess copy available to the general public$$fUnrestricted 000133050 5203_ $$aThis paper shows that the bank lending channel impacts on lending and on the risk of a banking crisis. The results show that an increase in interest rates will decrease future bank lending and the likelihood of a banking crisis. This effect is dampened during recessionary periods in European countries. Policy implications are also provided. The detrimental effects of a lax monetary policy on a crisis are reduced directly by a highly capitalised financial sector and indirectly in an economy with highly liquid financial entities via lending growth. 000133050 536__ $$9info:eu-repo/grantAgreement/ES/DGA/S23-23R 000133050 540__ $$9info:eu-repo/semantics/openAccess$$aAll rights reserved$$uhttp://www.europeana.eu/rights/rr-f/ 000133050 592__ $$a0.0$$b2017 000133050 593__ $$aEconomics, Econometrics and Finance (miscellaneous)$$c2017 000133050 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/acceptedVersion 000133050 7102_ $$14008$$2225$$aUniversidad de Zaragoza$$bDpto. Estruc.Hª Econ.y Eco.Pb.$$cÁrea Economía Aplicada 000133050 773__ $$g36, 4 (2017), 444-458$$pEcon. pap. - Econ. Soc. Aust.$$tEconomic papers - Economic Society of Australia$$x0812-0439 000133050 8564_ $$s566014$$uhttps://zaguan.unizar.es/record/133050/files/texto_completo.pdf$$yPostprint 000133050 8564_ $$s1590963$$uhttps://zaguan.unizar.es/record/133050/files/texto_completo.jpg?subformat=icon$$xicon$$yPostprint 000133050 909CO $$ooai:zaguan.unizar.es:133050$$particulos$$pdriver 000133050 951__ $$a2024-03-22-09:44:50 000133050 980__ $$aARTICLE