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dc.creatorAndrade-Pardo, Laura
dc.creatorValencia-Arana, Oscar Mauricio
dc.creatorVásquez, Diego Mauricio
dc.creatorVillamizar-Villegas, Mauricio
dc.date.created2016-05-11
dc.date.issued2016-05-11
dc.identifier.urihttp://repositorio.banrep.gov.co/handle/20.500.12134/6252
dc.description.abstractIn this paper we study exchange rate effects due to shifts in the portfolio composition of the Colombian financial sector during 2003-2014. We first provide a theoretical understanding of the channel's transmission mechanism by modeling how the banking
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. 941
dc.rights.accessRightsOpen Access
dc.rights.urihttps://creativecommons.org/licenses/by-nc-sa/4.0/
dc.titleUncovering the portfolio balance channel with the use of sovereign credit ratings
dc.typeWorking Paper
dc.subject.jelE44 - Financial Markets and the Macroeconomy
dc.subject.jelC58 - Financial Econometrics
dc.subject.jelG14 - Information and Market Efficiency; Event Studies; Insider Trading
dc.subject.jelG11 - Portfolio Choice; Investment Decisions
dc.subject.keywordPortfolio balance channel
dc.subject.keywordSovereign credit rating
dc.subject.keywordUncovered interest rate parity
dc.subject.keywordMonetary trilemma
dc.subject.lembSector financiero -- Colombia -- 2003-2014
dc.subject.lembTasas de interés -- Colombia -- 2003-2014
dc.subject.lembDeuda externa -- Calificación -- Colombia -- 2003-2014
dc.subject.lembCrédito -- Colombia -- 2003-2014
dc.subject.lembDeuda externa -- Colombia -- 2003-2014
dc.type.spaDocumentos de trabajo
dc.rights.spaAcceso abierto
dc.rights.ccAtribucion-NoComercial-CompartirIgual CC BY-NC-SA 4.0
dc.subject.jelspaC58 - Econometría financiera
dc.subject.jelspaE44 - Mercados financieros y macroeconomía
dc.subject.jelspaG11 - Selección de cartera; Decisiones de inversión
dc.subject.jelspaG14 - Información y eficiencia del mercado; Estudios de casos; tráfico de información privilegiada
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/941.html
dc.identifier.handlehttp://hdl.handle.net/20.500.12134/6252


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This work is licensed under a Creative Commons Reconocimiento-NoComercial 4.0.This document has been deposited by the author (s) under the following certificate of deposit