Bank lending, risk taking, and the transmission of monetary policy : new evidence for Colombia

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Borradores de Economía; No. 772
Date published
2013-06-17
Date of last update
2013-06-17
Author
Reyes-Nidia, Ruth
Gómez-González, José Eduardo
Ojeda-Joya, Jair N.
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
We study the existence of a monetary policy transmission mechanism through banks in Colombia, using monthly banks' balance sheet data for the period 1996:4 – 2012:12. We obtain results which are consistent with the basic postulates of the bank lending ch
JEL Codes
E52 - Monetary PolicyE5 - Monetary Policy, Central Banking, and the Supply of Money and CreditG21 - Banks; Depository Institutions; Micro Finance Institutions; MortgagesE59 - Monetary Policy, Central Banking, and the Supply of Money and Credit: Other
Keywords
Monetary policy transmission ; Bank lending channel ; Risk taking channel ; Colombia ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/5912
https://hdl.handle.net/20.500.12134/5912
https://doi.org/10.32468/be.772
https://ideas.repec.org/p/bdr/borrec/772.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