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The Cyclical Behavior of External Indebtedness: The Case of Foreign and Domestic Banks in Colombia

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  • Daniel Esteban Osorio Rodíguez

  • Mauricio Avella Gómez

Abstract

In this paper we try to elucidate the relationship between foreign and domestic banks external indebtedness and the business cycle in Colombia. After a brief review of related literature, we characterize the historical behavior of banking external indebtedness in Colombia, and perform statistical and econometric calculations on the aforementioned relationship.

Suggested Citation

  • Daniel Esteban Osorio Rodíguez & Mauricio Avella Gómez, 2005. "The Cyclical Behavior of External Indebtedness: The Case of Foreign and Domestic Banks in Colombia," Borradores de Economia 345, Banco de la Republica de Colombia.
    • Handle: RePEc:bdr:borrec:345
    DOI: 10.32468/be.345
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    References listed on IDEAS

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    1. Claudio Borio & Craig Furfine & Philip Lowe, 2001. "Procyclicality of the financial system and financial stability: issues and policy options," BIS Papers chapters, in: Bank for International Settlements (ed.), Marrying the macro- and micro-prudential dimensions of financial stability, volume 1, pages 1-57, Bank for International Settlements.
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    Keywords

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    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • N26 - Economic History - - Financial Markets and Institutions - - - Latin America; Caribbean
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems

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