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El canal del crédito bancario en el Perú: Evidencia y mecanismo de transmisión

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  • Carrera, César

Abstract

En este documento se estudia el canal del crédito bancario como parte del proceso de transmisión de la política monetaria hacia la actividad macroeconómica en el Perú. En particular, se identifica el canal del crédito bancario, usando datos de nivel de bancos, y se evalúa su importancia en el proceso de transmisión hacia la actividad económica, haciendo uso de un modelo de vectores estructurales autorregresivos. Se considera un periodo muestral en el que una variable, la tasa de interés de corto plazo, puede capturar la posición de política monetaria del Banco Central. Se encuentra que el canal del crédito bancario ha estado operando, pero este canal no es importante para identificar el proceso de transmisión de la política monetaria hacia la actividad macroeconómica.

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Bibliographic Info

Article provided by Banco Central de Reserva del Perú in its journal Revista Estudios Económicos.

Volume (Year): (2011)
Issue (Month): 22 ()
Pages: 63-82

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Handle: RePEc:rbp:esteco:ree-22-04

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