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dc.creatorCaicedo, Santiago
dc.creatorPerez-Reyna, David
dc.description.abstractIn this paper we develop a DSGE model to analyze the welfare implications over households that bank's asset recomposition might have. We model a representative bank that potentially faces liquidity difficulties due to a mismatch between credits issued to firms and deposits supplied by households. This bank has a portfolio consisting of loans and bonds. The results show that positive liquidity shocks, driven by changes in the household preferences, affect the bank's asset allocation decisions and are beneficial to households. Similarly, when the bond's return rate increases, there is a substitution effect that lowers the loan to bond ratio, but despite this, the bank's intermediation activity increases inducing a positive effect over the household's welfare.
dc.format.extent17 páginas : gráficas, tablas
dc.publisherBanco de la República de Colombia
dc.relation.ispartofDocumentos de Trabajo
dc.relation.ispartofseriesTemas de Estabilidad Financiera
dc.relation.isversionofTemas de Estabilidad Financiera ; No. 53
dc.rights.accessRightsOpen Access
dc.subjectRecomposición de activos bancarios
dc.subjectModelo DSGE en el sector bancario
dc.subjectDepósitos con préstamos vencidos
dc.subjectChoque de liquidez
dc.titleImplications on households of bank's asset substitution
dc.typeWorking Paper
dc.subject.jelD58 - Computable and Other Applied General Equilibrium Models
dc.subject.jelE32 - Business Fluctuations; Cycles
dc.subject.jelE44 - Financial Markets and the Macroeconomy
dc.subject.keywordBank asset recomposition
dc.subject.keywordDSGE model with banking sector
dc.subject.keywordLoans deposit mismatch
dc.subject.keywordLiquidity shock
dc.subject.lembLiquidez bancaria
dc.subject.lembEconomía doméstica
dc.subject.lembActivos bancarios
dc.type.spaDocumentos de trabajo
dc.rights.spaAcceso abierto
dc.rights.ccAtribucion-NoComercial-CompartirIgual CC BY-NC-SA 4.0
dc.subject.jelspaD58 - Modelos computables y otros modelos aplicados de equilibrio general
dc.subject.jelspaE32 - Fluctuaciones económicas; Ciclos
dc.subject.jelspaE44 - Mercados financieros y macroeconomía
dc.type.hasversionPublished Version
dc.source.bibliographicCitationCorredor-Waldrón, A. & Pérez-Reyna, D. (2009). \El mercado de crédito comercial y las restricciones de endeudamiento en Colombia. “Temas de Estabilidad Financiera, Financial Stability Department of the Banco de la Republica (Central Bank of Colombia), 42.
dc.source.bibliographicCitationDiaz-Giménez, J.; Prescott, E; Fitzgerald, T. and Alvarez, F. (1992). \Banking in Com- putable General Equilibrium Economies."Reasearch Department Sta® Report 153, Federal Reserve Bank of Minneapolis.
dc.source.bibliographicCitationSaade Ospina, A. & Pérez-Reyna, D. (2009). \Cambios en los incentivos de los bancos como consecuencia de modi¯caciones en los esquemas de encaje. “Temas de Estabilidad Financiera, Financial Stability Department of the Banco de la República (Central Bank of Colombia), 41.
dc.rights.disclaimerLas opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
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