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dc.creatorCardozo-Ortiz, Pamela Andrea
dc.creatorGamboa-Estrada, Fredy
dc.creatorPerez-Reyna, David
dc.creatorVillamizar-Villegas, Mauricio
dc.date.created2016-03-22
dc.date.issued2016-03-22
dc.identifier.urihttp://repositorio.banrep.gov.co/handle/20.500.12134/6245
dc.description.abstractIn this paper we analyze the effects of nancial constraints on the exchange rate through the portfolio balance channel. Our contribution is twofold: First, we construct a tractable two-period general equilibrium model in which financial constraints inhi
dc.format.mimetypePDF
dc.language.isospa
dc.publisherBanco de la República
dc.relation.ispartofDocumentos de Trabajo
dc.relation.ispartofseriesBorradores de Economía
dc.relation.isversionofBorradores de Economía; No. 934
dc.rights.accessRightsOpen Access
dc.rights.urihttps://creativecommons.org/licenses/by-nc-sa/4.0/
dc.titleBanking limits on foreign holdings : disentangling the portfolio balance channel
dc.typeWorking Paper
dc.subject.jelF31 - Foreign Exchange
dc.subject.jelC14 - Semiparametric and Nonparametric Methods: General
dc.subject.jelC21 - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions
dc.subject.jelC31 - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models
dc.subject.jelE58 - Central Banks and Their Policies
dc.subject.keywordSterilized foreign exchange intervention
dc.subject.keywordPortfolio balance channel
dc.subject.keywordUncovered interest rate parity
dc.subject.keywordFinancial constraints
dc.subject.keywordRegression discontinuity design
dc.subject.lembFlujos de capital -- Colombia -- 2004-2015
dc.subject.lembCartera bancaria -- Colombia -- 2004-2015
dc.subject.lembTasas de interés -- Colombia -- 2004-2015
dc.subject.lembBancos -- Colombia -- 2004-2015
dc.type.spaDocumentos de trabajo
dc.rights.spaAcceso abierto
dc.rights.ccAtribucion-NoComercial-CompartirIgual CC BY-NC-SA 4.0
dc.subject.jelspaE58 - Bancos centrales y sus políticas
dc.subject.jelspaF31 - Tipos de cambio
dc.subject.jelspaC21 - Modelos de sección cruzada; Modelos espaciales; Modelos de efecto de tratamiento; Regresiones cuantiles
dc.subject.jelspaC14 - Métodos semiparamétricos y no paramétricos: generalidades
dc.subject.jelspaC31 - Modelos de sección cruzada; Modelos espaciales; Modelos de efecto de tratamiento; Regresiones cuantiles; Modelos de interacción social
dc.type.hasversionPublished Version
dc.coverage.sucursalBogotá
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.
dc.relation.repechttps://ideas.repec.org/p/bdr/borrec/934.html
dc.identifier.handlehttp://hdl.handle.net/20.500.12134/6245
dc.creator.firmaFredy Gamboa-Estrada


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