Advanced Search
MyIDEAS: Login to save this paper or follow this series

El Papel de los Establecimientos Bancarios en la Transmisión de la Política Monetaria

Contents:

Author Info

  • Arnold Jonathan Torres Sotelo

    ()

Registered author(s):

    Abstract

    Este documento investiga la importancia del canal del crédito bancario de la política monetaria en una economía abierta y pequeña como la colombiana. Usando el modelo de panel dinámico Método de Momentos Generalizados (MMG), propuesto por Arellano y Bover (1995), se estima una función de oferta de créditos bancarios durante el período 2002-2010. Los resultados indican que existe evidencia empírica de la existencia del canal del crédito bancario generado por cambios en la tasa de interés de intervención del Banco de la República. Adicionalmente existe un efecto indirecto sobre el crédito bancario a través de la interacción de la tasa de interés de intervención y el tamaño de los bancos. Por el contrario, otras variables de los intermediarios financieros como la liquidez y el nivel de capital no tiene efectos estadísticamente significativos sobre la oferta de créditos bancarios.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://economia.uniandes.edu.co/publicaciones/dcede2012-30.pdf
    Download Restriction: no

    Bibliographic Info

    Paper provided by UNIVERSIDAD DE LOS ANDES-CEDE in its series DOCUMENTOS CEDE with number 010310.

    as in new window
    Length: 36
    Date of creation: 03 Oct 2012
    Date of revision:
    Handle: RePEc:col:000089:010310

    Contact details of provider:

    Related research

    Keywords: Política monetaria; canal del crédito;

    Find related papers by JEL classification:

    This paper has been announced in the following NEP Reports:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:col:000089:010310. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Universidad De Los Andes-Cede).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.