The bank lending channel of monetary policy : does the financial structure of banks matter

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Borradores de Economía; No. 953
Date published
2016-08-03
Date of last update
2016-08-03
Author
Gómez-González, José Eduardo
Kutan, Ali M.
Ojeda-Joya, Jair N.
Ortiz, María Camila
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
This paper tests the importance of the financial structure of banks in the bank lending channel of monetary policy transmission in Colombia, using an unbalanced panel of 51 banks for the period of 1996:4-2014:8. We find that an increase in the interbank r
JEL Codes
E59 - Monetary Policy, Central Banking, and the Supply of Money and Credit: OtherE5 - Monetary Policy, Central Banking, and the Supply of Money and CreditE52 - Monetary PolicyG21 - Banks; Depository Institutions; Micro Finance Institutions; Mortgages
Keywords
Monetary policy transmission ; Bank lending channel ; Bank financial structure ; Solvency ; Heterogeneous effects ; Colombia ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/6264
https://hdl.handle.net/20.500.12134/6264
https://doi.org/10.32468/be.953
https://ideas.repec.org/p/bdr/borrec/953.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