IDEAS home Printed from https://ideas.repec.org/p/col/000089/020305.html
   My bibliography  Save this paper

Manejo de liquidez bancaria, prima de liquidez y política monetaria

Author

Listed:
  • Forero Alvarado, Santiago

    (Facultad de Economía, Universidad de los Andes)

Abstract

El sistema bancario, en su manejo de liquidez, se expone a la necesidad o exceso de esta. Ante esto, recurre al banco central y se enfrenta a una prima de liquidez, dado que el costo de la liquidez es mayor a la remuneración de los activos líquidos. Este documento plantea una estructura analítica, dinámica y de equilibrio general, para evaluar y cuantificar los mecanismos del manejo de liquidez bancaria sobre la economía y la política monetaria frente a perturbaciones agregadas de liquidez. Se encuentra que el sistema bancario, ante necesidades agregadas de liquidez, incorpora un margen entre la remuneración de los activos y los depósitos de los hogares, afectando la actividad real y el bienestar. Esta afectación motiva una respuesta de la política monetaria a las necesidades de liquidez, que en caso de no darse profundiza las pérdidas de bienestar. Finalmente, una política monetaria que tenga como objetivo la estabilización de precios refleja la ¿divina coincidencia 2 responde a las necesidades de liquidez reduciendo la tasa de política monetaria proporcional a la prima de liquidez.

Suggested Citation

  • Forero Alvarado, Santiago, 2023. "Manejo de liquidez bancaria, prima de liquidez y política monetaria," Documentos CEDE 20305, Universidad de los Andes, Facultad de Economía, CEDE.
  • Handle: RePEc:col:000089:020305
    as

    Download full text from publisher

    File URL: https://repositorio.uniandes.edu.co/bitstream/handle/1992/70129/dcede2023-25.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Bancos; Manejo de liquidez; Cambios agregados de liquidez; Pol´ıtica monetaria;
    All these keywords.

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:col:000089:020305. 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: . General contact details of provider: https://edirc.repec.org/data/ceandco.html .

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Universidad De Los Andes-Cede (email available below). General contact details of provider: https://edirc.repec.org/data/ceandco.html .

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.