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Bank lending, risk taking, and the transmission of monetary policy : new evidence for Colombia

Ruth
Reyes-Nidia
José Eduardo
Gómez-González
Jair Neftali
Ojeda-Joya
Sábado, 1 Junio 2013

We study the existence of a monetary policy transmission mechanism through banks in Colombia, using monthly banks' balance sheet data for the period 1996:4 – 2012:12. We obtain results which are consistent with the basic postulates of the bank lending ch