This file is part of IDEAS, which uses RePEc data


[ Papers | Articles | Software | Books | Chapters | Authors | Institutions | JEL Classification | NEP reports | Search | New papers by email | Author registration | Rankings | Volunteers | FAQ | Blog | Help! ]

¿ Por qué en Colombia el Crédito al Sector Privado es tan Reducido?

Author info | Abstract | Publisher info | Download info | Related research | Statistics
Author Info
Enrique López ()
Adolfo Barajas
Hugo Oliveros

Additional information is available for the following registered author(s):

Abstract

En Colombia desde finales de la década de los años noventa se observa un estancamiento de crédito real simultáneamente con el mal desempeño de la actividad productiva. Ese comportamiento del crédito generó la preocupación de los representantes del sector privado1 y de las autoridades económicas. El Banco Central en su informe al Congreso de julio de 2000 (p.45) se preguntaba sí la reducción del crédito que se observaba en la economía colombiana estaba ocasionada en un apretón de oferta o en un problema de demanda. Los investigadores económicos colombianos no han estado ajenos a esta discusión y han estudiado el fenómeno desde varios puntos de vista2. Coincidiendo todos los trabajos en la existencia de una reducción del crédito y en la búsqueda de su origen. Este trabajo examina también las causas que llevaron al estancamiento. La diferencia de este trabajo con los trabajos reseñados se encuentra en el enfoque macroeconómico que se tiene en el documento y en la utilización de un modelo econométrico que permite examinar la problemática del crédito en Colombia bajo un esquema lo suficientemente general que permita la posibilidad de desequilibrios en el mercado de crédito. Si esta característica se presenta, los mercados se ajustan por medio de las cantidades y no por un mecanismo de precio, en este caso la tasa de interés3.

Download Info
To download:

If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. 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://www.banrep.gov.co/docum/ftp/borra185.pdf
File Format:
File Function:
Download Restriction: no

Publisher Info
Paper provided by BANCO DE LA REPÚBLICA in its series BORRADORES DE ECONOMIA with number 003787.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length: 28
Date of creation: 30 Sep 2001
Date of revision:
Handle: RePEc:col:000094:003787

Contact details of provider:

For technical questions regarding this item, or to correct its listing, contact: (Norma Judith Paternina).

Related research
Keywords:

Other versions of this item:

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Laffont, Jean-Jacques & Garcia, Rene, 1977. "Disequilibrium Econometrics for Business Loans," Econometrica, Econometric Society, vol. 45(5), pages 1187-1204, July. [Downloadable!] (restricted)
  2. Ross Levine, 1997. "Financial Development and Economic Growth: Views and Agenda," Journal of Economic Literature, American Economic Association, vol. 35(2), pages 688-726, June. [Downloadable!] (restricted)
    Other versions:
  3. Sealey, C W, Jr, 1979. "Credit Rationing in the Commercial Loan Market: Estimates of a Structural Model under Conditions of Disequilibrium," Journal of Finance, American Finance Association, vol. 34(3), pages 689-702, June. [Downloadable!] (restricted)
  4. 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. [Downloadable!] (restricted)
    Other versions:
  5. Frederic S. Mishkin, 1999. "Financial Consolidation: Dangers and Opportunities," NBER Working Papers 6655, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  6. Gerard Caprio & Patrick Honohan, 1999. "Restoring Banking Stability: Beyond Supervised Capital Requirements," Journal of Economic Perspectives, American Economic Association, vol. 13(4), pages 43-64, Fall. [Downloadable!] (restricted)
    Other versions:
  7. Mishkin, Frederic S, 1995. "Symposium on the Monetary Transmission Mechanism," Journal of Economic Perspectives, American Economic Association, vol. 9(4), pages 3-10, Fall. [Downloadable!] (restricted)
  8. Martin, Christopher, 1990. "Corporate Borrowing and Credit Constraints: Structural Disequilibrium Estimates for the U.K," The Review of Economics and Statistics, MIT Press, vol. 72(1), pages 78-86, February. [Downloadable!] (restricted)
  9. Xavier Freixas & Jean-Charles Rochet, 1997. "Microeconomics of Banking," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262061937.
  10. Bernanke, Ben & Gertler, Mark, 1995. "Inside the Black Box: The Credit Channel of Monetary Policy Transmission," Working Papers 95-15, C.V. Starr Center for Applied Economics, New York University. [Downloadable!]
    Other versions:
  11. Kim, Hyun E., 1999. "Was the credit channel a key monetary transmission mechanism following the recent financial crisis in the Republic of Korea?," Policy Research Working Paper Series 2103, The World Bank. [Downloadable!]
  12. Demirguc-Kent, Asli & Detragiache, Enrica, 1998. "Financial liberalization and financial fragility," Policy Research Working Paper Series 1917, The World Bank. [Downloadable!]
    Other versions:
  13. Stiglitz, Joseph E & Weiss, Andrew, 1981. "Credit Rationing in Markets with Imperfect Information," American Economic Review, American Economic Association, vol. 71(3), pages 393-410, June. [Downloadable!] (restricted)
  14. King, Stephen R, 1986. "Monetary Transmission: Through Bank Loans or Bank Liabilities?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 18(3), pages 290-303, August. [Downloadable!] (restricted)
  15. Barajas, Adolfo & Steiner, Roberto & Salazar, Natalia, 2000. "The impact of liberalization and foreign investment in Colombia's financial sector," Journal of Development Economics, Elsevier, vol. 63(1), pages 157-196, October. [Downloadable!] (restricted)
  16. Bernanke, Ben S & Blinder, Alan S, 1988. "Credit, Money, and Aggregate Demand," American Economic Review, American Economic Association, vol. 78(2), pages 435-39, May. [Downloadable!] (restricted)
    Other versions:
Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Luz Adriana Flórez & Carlos Esteban Posada & José Fernando Escobar, 2005. "Crédito Y Depósitos Bancariosen Colombia (1990-2004): Una Relación De Largo Plaz," ENSAYOS SOBRE POLÍTICA ECONÓMICA, BANCO DE LA REPÚBLICA - ESPE. [Downloadable!]
  2. Pastor Enrique Quintero Carvajal & Jorge Edgar Silva Veloza, 2005. "Tolima: deuda pública municipal con el sector financiero 1994-2003," INVESTIGACIONES SOBRE ECONOMÍA REGIONAL - CREE 003647, BANCO DE LA REPÚBLICA - ECONOMÍA REGIONAL. [Downloadable!]
  3. Fernando Tenjo & Enrique López, 2003. "Credit bubble and stagnation in Colombia, 1990-2001," COLOMBIAN ECONOMIC JOURNAL, COLOMBIAN ECONOMIC JOURNAL. [Downloadable!]
    Other versions:
Statistics
Access and download statistics

Did you know? About 1000 archives contribute their bibliographic data to RePEc.

This page was last updated on 2009-11-20.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.