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Monetary transmission under competing corporate finance regimes
(Banco de la República de Colombia, 2017-04)
The behavioral agent-based framework of De Grauwe and Gerba (2015) is extended to allow for a counterfactual exercise on the role of corporate finance arrangements for monetary transmission. Two alternative firm financial ...
Leverage pro-cyclicality and bank balance sheet in Colombia
(Banco de la República de Colombia, 2014-07)
The recent financial crisis has renewed the interest of economists, both at the theoretical and empirical level, in developing a better understanding of credit and its mechanisms. A rapidly growing strand of the literature ...
Determinantes del número de relaciones bancarias en Colombia
(Banco de la República de Colombia, 2011-06)
This document provides an introduction to the de¬terminants for the amount of banking relations in the private Colombian business sector. By taking into account similar studies from other countries, we made use of account ...