IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this paper or follow this series

Encajes bancarios y la estrategia de inflación objetivo

  • Yanneth Rocío Betancourt

    ()

  • Hernando Vargas Herera

    ()

Tradicionalmente los requerimientos de encaje han sido vistos como un instrumento clave de la política monetaria, sin embargo, recientemente éstos han sido menos esenciales dado que el crecimiento de los agregados monetarios ha dejado de ser el objetivo de política de muchos países. A pesar del desmonte gradual de los encajes durante la década de los noventa en varios países, en ciertas coyunturas específicas países como Colombia han hecho uso de políticas de encajes para fortalecer el control monetario. De esta forma, el análisis de los encajes es de interés a la hora de evaluar la efectividad de dichas políticas bajo los diferentes regímenes monetarios (metas intermedias sobre agregados monetarios e inflación objetivo). En este documento se encuentra que aún bajo el esquema de inflación objetivo, los encajes pueden tener un efecto sobre la tasa de interés de los créditos y sobre la cartera del sistema financiero, dada la incertidumbre sobre la tasa de interés de política futura y el consecuente riesgo que deben enfrentar los intermediarios financieros cuando los plazos de los créditos y los depósitos bancarios difieren de los plazos del crédito del Banco Central.

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://www.banrep.gov.co/docum/ftp/borra533.pdf
Our checks indicate that this address may not be valid because: 403 Forbidden. If this is indeed the case, please notify (Clorith Angélica Bahos Olivera)


Download Restriction: no

Paper provided by BANCO DE LA REPÚBLICA in its series BORRADORES DE ECONOMIA with number 005110.

as
in new window

Length: 30
Date of creation: 19 Oct 2008
Date of revision:
Handle: RePEc:col:000094:005110
Contact details of provider:

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

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

When requesting a correction, please mention this item's handle: RePEc:col:000094:005110. 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: (Clorith Angélica Bahos Olivera)

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.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.