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

2016-08-03

Authors

Gómez-González, José Eduardo
Kutan, Ali M.
Ojeda-Joya, Jair N.
Ortiz, María Camila

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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.

The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.

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

Description

JEL Codes

E59 - Monetary Policy, Central Banking, and the Supply of Money and Credit: Other
E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit
E52 - Monetary Policy
G21 - Banks; Depository Institutions; Micro Finance Institutions; Mortgages

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Keywords

Keywords

Monetary policy transmission , Bank lending channel , Bank financial structure , Solvency , Heterogeneous effects , Colombia

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URI

https://repositorio.banrep.gov.co/handle/20.500.12134/6264
 https://hdl.handle.net/20.500.12134/6264
 https://ideas.repec.org/p/bdr/borrec/953.html
 https://doi.org/10.32468/be.953

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Borradores de Economía

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Esta obra está bajo licencia internacional Creative Commons Reconocimiento-NoComercial 4.0.

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