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Bank lending channel of monetary policy: evidence for Colombia, using a firms' panel

José Eduardo
Gómez-González
Paola
Morales-Acevedo
Jueves, 1 Enero 2009

In this paper we find empirical evidence of bank lending channel for Colombia , using a balanced panel data of about four thousand non-financial firms. We find that increases in the interest rate, proxiing for the monetary policy instrument, lead to a red