Financial inefficiency and real business cycle in Colombia

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Borradores de Economía; No. 127
Date published
1999-07-10
Date of last update
1999-07-10
Author
Zea, Camilo
Document language
spa
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Las 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.
Abstract
In a dynamic, stochastic, general equilibrium model, we explore the optimal response of the inhabitants of a closed economy to an inefficient ad hoc financial system that in its intermediation duty looses a fraction of agrégate savings which otherwise wou
JEL Codes
E37 - Prices, Business Fluctuations, and Cycles: Forecasting and Simulation: Models and ApplicationG14 - Information and Market Efficiency; Event Studies; Insider TradingE22 - Investment; Capital; Intangible Capital; CapacityE32 - Business Fluctuations; Cycles
Keywords
Financial inefficiency ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/5145
https://hdl.handle.net/20.500.12134/5145
https://doi.org/10.32468/be.127
https://ideas.repec.org/p/bdr/borrec/127.html
https://ideas.repec.org/p/col/000094/002722.html
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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