Implications on households of bank's asset substitution

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dc.audiencePolicymakerseng
dc.audienceResearcherseng
dc.audienceStudentseng
dc.audienceTeacherseng
dc.coverage.sucursalBogotáspa
dc.creatorCaicedo, Santiago
dc.creatorPerez-Reyna, David
dc.date.accessioned2010-12-01T08:30:10Zeng
dc.date.available2015-12-06T08:30:10Zeng
dc.date.available2015-12-14T08:30:10Zeng
dc.date.available2017-10-24T08:30:10Zeng
dc.date.created2010-12-01eng
dc.date.issued2010-12eng
dc.description.abstractIn this paper we develop a DSGE model to analyze the welfare implications over households that bank's asset recomposition might have. We model a representative bank that potentially faces liquidity difficulties due to a mismatch between credits issued to firms and deposits supplied by households. This bank has a portfolio consisting of loans and bonds. The results show that positive liquidity shocks, driven by changes in the household preferences, affect the bank's asset allocation decisions and are beneficial to households. Similarly, when the bond's return rate increases, there is a substitution effect that lowers the loan to bond ratio, but despite this, the bank's intermediation activity increases inducing a positive effect over the household's welfare.eng
dc.format.extent17 páginas : gráficas, tablaseng
dc.format.mimetypePDFeng
dc.identifier.handlehttps://hdl.handle.net/20.500.12134/2132spa
dc.identifier.urihttps://repositorio.banrep.gov.co/handle/20.500.12134/2132eng
dc.language.isoengeng
dc.publisherBanco de la República de Colombiaspa
dc.relation.doihttps://doi.org/10.32468/tef.53spa
dc.relation.ispartofDocumentos de Trabajoeng
dc.relation.ispartofseriesTemas de Estabilidad Financieraspa
dc.relation.isversionofTemas de Estabilidad Financiera ; No. 53eng
dc.relation.numbertef 53eng
dc.relation.repechttps://ideas.repec.org/p/bdr/temest/053.htmlspa
dc.rights.accessRightsOpen Accesseng
dc.rights.ccAtribucion-NoComercial-CompartirIgual CC BY-NC-SA 4.0eng
dc.rights.disclaimerLas 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.eng
dc.rights.spaAcceso abiertospa
dc.rights.urihttps://creativecommons.org/licenses/by-nc-sa/4.0/eng
dc.source.bibliographicCitationCorredor-Waldrón, A. & Pérez-Reyna, D. (2009). \El mercado de crédito comercial y las restricciones de endeudamiento en Colombia. “Temas de Estabilidad Financiera, Financial Stability Department of the Banco de la Republica (Central Bank of Colombia), 42.eng
dc.source.bibliographicCitationDiaz-Giménez, J.; Prescott, E; Fitzgerald, T. and Alvarez, F. (1992). \Banking in Com- putable General Equilibrium Economies."Reasearch Department Sta® Report 153, Federal Reserve Bank of Minneapolis.eng
dc.source.bibliographicCitationSaade Ospina, A. & Pérez-Reyna, D. (2009). \Cambios en los incentivos de los bancos como consecuencia de modi¯caciones en los esquemas de encaje. “Temas de Estabilidad Financiera, Financial Stability Department of the Banco de la República (Central Bank of Colombia), 41.eng
dc.source.handleRepecRePEc:bdr:temest:053spa
dc.subjectRecomposición de activos bancariosspa
dc.subjectModelo DSGE en el sector bancariospa
dc.subjectDepósitos con préstamos vencidosspa
dc.subjectChoque de liquidezspa
dc.subject.jelD58 - Computable and Other Applied General Equilibrium Modelseng
dc.subject.jelE32 - Business Fluctuations; Cycleseng
dc.subject.jelE44 - Financial Markets and the Macroeconomyeng
dc.subject.jelspaD58 - Modelos computables y otros modelos aplicados de equilibrio generalspa
dc.subject.jelspaE32 - Fluctuaciones económicas; Ciclosspa
dc.subject.jelspaE44 - Mercados financieros y macroeconomíaspa
dc.subject.keywordBank asset recompositioneng
dc.subject.keywordDSGE model with banking sectoreng
dc.subject.keywordLoans deposit mismatcheng
dc.subject.keywordLiquidity shockeng
dc.subject.lembLiquidez bancariaspa
dc.subject.lembCréditospa
dc.subject.lembEconomía domésticaspa
dc.subject.lembActivos bancariosspa
dc.titleImplications on households of bank's asset substitutioneng
dc.typeWorking Papereng
dc.type.hasversionPublished Versioneng
dc.type.spaDocumentos de trabajoeng

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