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Incertidumbre en el mecanismo de oferta monetaria y mercados interbancarios en Colombia

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

Author

Listed:
  • González, Camilo
  • Velasco, Andrés M.
  • Vargas-Riaño, Carmiña Ofelia
  • Silva, Luisa

Abstract

Evaluación de un modelo dinámico estocástico para el mercado interbancario diario en Colombia. El modelo incluye bancos comerciales heterogéneos, operaciones de mercado abierto diarias realizadas por el Banco Central, incertidumbre en la obtención de recursos en la subasta diaria, choques de demanda idiosincráticos y requerimientos de reserva definidos exógenamente. Aplicando los datos para Colombia. Se prueban los resultados del modelo y se corrobora la hipótesis de Martingala para la tasa interbancaria.

Suggested Citation

  • González, Camilo & Velasco, Andrés M. & Vargas-Riaño, Carmiña Ofelia & Silva, Luisa, 2015. "Incertidumbre en el mecanismo de oferta monetaria y mercados interbancarios en Colombia," Chapters, in: Gómez-González, José Eduardo & Ojeda-Joya, Jair N. (ed.), Política monetaria y estabilidad financiera en economías pequeñas y abiertas, chapter 2, pages 39-70, Banco de la Republica de Colombia.
    • Handle: RePEc:bdr:bdrcap:2015-11-39-70
    DOI: 10.32468/Ebook.664-314-6
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    More about this item

    Keywords

    Bancos; Liquidez; Oferta; Dinero; Transacciones; Colombia; Banks; Financial transactions; Currency; Supply of money; Colombia;
    All these keywords.

    JEL classification:

    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • G29 - Financial Economics - - Financial Institutions and Services - - - Other
    • E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General

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