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Shadow banking y liquidez en Colombia

In: Política monetaria y estabilidad financiera en economías pequeñas y abiertasPolítica monetaria y estabilidad financiera en economías pequeñas y abiertas

Author

Listed:
  • Cardozo, Pamela
  • Murcia, Andrés
  • Cely, Jorge

Abstract

Cálculo del indicador de Shadow banking en Colombia durante enero de 2011 y marzo de 2013. El resultado sugiere que la actividad bancaria se ha incrementado cerca del 9,9 % del PIB de 2012. Se evalúa el nivel de prociclicidad que puede tener la decisión de apalancamiento de un grupo de intermediarios financieros especialmente asociados a este tipo de actividad, encontrando que dicha prociclicidad está asociada a un mayor uso de operaciones repo y de simultáneas por parte de los intermediarios financieros.

Suggested Citation

  • Cardozo, Pamela & Murcia, Andrés & Cely, Jorge, 2015. "Shadow banking y liquidez en Colombia," Chapters, in: Jose E. Gomez-Gonzalez & Jair N. Ojeda-Joya (ed.), Política monetaria y estabilidad financiera en economías pequeñas y abiertasPolítica monetaria y estabilidad financiera en economías pequeñas y abiert, chapter 1, pages 1-37, Banco de la Republica de Colombia.
    • Handle: RePEc:bdr:bdrcap:2015-11-1-37
    DOI: 10.32468/Ebook.664-314-6
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    File URL: https://repositorio.banrep.gov.co/handle/20.500.12134/6613
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    References listed on IDEAS

    as
    1. Bernanke, Ben S. & Gertler, Mark & Gilchrist, Simon, 1999. "The financial accelerator in a quantitative business cycle framework," Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 21, pages 1341-1393, Elsevier.
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    Cited by:

    1. Fernando Avalos & Ramon Moreno & Tania Romero, 2015. "Leverage on the buy side," BIS Working Papers 517, Bank for International Settlements.
    2. Fanny Warman D. & María José Roa, 2014. "Intermediarios financieros no bancarios en América Latina: ¿banca paralela?," Documentos de Investigación - Research Papers 16, CEMLA.

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    More about this item

    Keywords

    Bancos; Intermediación; Apalancamiento; Crédito; Banks; Intermediation; Leverage; Credit; Colombia;
    All these keywords.

    JEL classification:

    • H81 - Public Economics - - Miscellaneous Issues - - - Governmental Loans; Loan Guarantees; Credits; Grants; Bailouts
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G29 - Financial Economics - - Financial Institutions and Services - - - Other

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