The cost of collateralized borrowing in the colombian money market : does connectedness matter?

Thumbnail
Borradores de Economía; No. 803
Date published
2014-01-13
Date of last update
2014-01-13
Author
Martínez-Ventura, Ana Constanza
León-Rincón, Carlos Eduardo
Document language
spa
Metadata
Show full item record
Metrics
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
Under the view that the market is a weighted and directed network (Barabási, 2003), this document is a first attempt to model the Colombian money market within a spatial econometrics framework. By estimating two standard spatial econometric models, we stu
JEL Codes
G21 - Banks; Depository Institutions; Micro Finance Institutions; MortgagesG32 - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; GoodwillC31 - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models
Keywords
Money market ; Interbank ; Collateral ; Collateralized borrowing ; Spatial econometrics ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/6089
https://hdl.handle.net/20.500.12134/6089
https://doi.org/10.32468/be.803
https://ideas.repec.org/p/bdr/borrec/803.html
Collections
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