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

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Borradores de Economía; No. 803

Date published

2014-01-13

Date

2014-01-13

Authors

Martínez-Ventura, Ana Constanza
León-Rincón, Carlos Eduardo

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ISBN

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

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

Description

JEL Codes

G21 - Banks; Depository Institutions; Micro Finance Institutions; Mortgages
G32 - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
C31 - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models

Temática

Keywords

Keywords

Money market , Interbank , Collateral , Collateralized borrowing , Spatial econometrics

Citation

URI

https://repositorio.banrep.gov.co/handle/20.500.12134/6089
 https://hdl.handle.net/20.500.12134/6089
 https://ideas.repec.org/p/bdr/borrec/803.html
 https://doi.org/10.32468/be.803

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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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