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Evaluación de la transmisión de la tasa de interés de referencia a las tasas de interés del sistema financiero

Author

Listed:
  • Ximena Chavarro-Sanchez
  • Deicy Cristiano-Botia
  • Jose E. Gomez-Gonzalez
  • Eliana González-Molano, Carlos Huertas-Campos

Abstract

En este documento se analiza la transmisión de los cambios en la tasa de interés de referencia del Banco de la República hacia las tasas de interés activas del sistema financiero. Para tal efecto se utilizan análisis descriptivo, modelos de regresión, modelos de corte transversal y de duración. Se controla por otros factores macroeconómicos y características propias de las entidades financieras. Se encuentra heterogeneidad en la transmisión a las tasas de interés de las diferentes modalidades de crédito y plazos. Por otro lado, no se encuentra una reacción asimétrica en las tasas de mercado a alzas y reducciones en la tasa de intervención para ninguna de las modalidades de crédito.

Suggested Citation

  • Ximena Chavarro-Sanchez & Deicy Cristiano-Botia & Jose E. Gomez-Gonzalez & Eliana González-Molano, Carlos Huertas-Campos, 2015. "Evaluación de la transmisión de la tasa de interés de referencia a las tasas de interés del sistema financiero," BORRADORES DE ECONOMIA 012625, BANCO DE LA REPÚBLICA.
  • Handle: RePEc:col:000094:012625
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    References listed on IDEAS

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    1. Hernando Vargas, 2008. "The transmission mechanism of monetary policy in Colombia: major changes and current features," BIS Papers chapters, in: Bank for International Settlements (ed.), Transmission mechanisms for monetary policy in emerging market economies, volume 35, pages 183-211, Bank for International Settlements.
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    Cited by:

    1. Carolina Ortega Londono, 2018. "Transmission of Monetary Policy and Bank Heterogeneity in Colombia," Documentos de Trabajo CIEF 016792, Universidad EAFIT.
    2. Carolina Ortega Londono & Diego Restrepo, 2018. "Transmission of Monetary Policy and Bank Heterogeneity in Colombia," Documentos de Trabajo CIEF 016987, Universidad EAFIT.

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    More about this item

    Keywords

    Transmisión monetaria; Canales bancarios; Modelos de series de tiempo de corte transversal; Modelos de duración.;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E59 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Other
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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