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Credit Pro-cyclicality and Bank Balance Sheet in Colombia

Franz Alonso
Hamann-Salcedo
Rafael
Hernández
Luisa Fernanda
Silva-Escobar
Fernando
Tenjo-Galarza
Lunes, 1 Abril 2013

The recent financial crisis has renewed the interest of economists, both at the theoretical and empirical level, in developing a better understanding of credit and its mechanisms. A rapidly growing strand of the literature views banks as facing funding re