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The Cyclical Behavior of External Indebtedness: The Case of Foreign and Domestic Banks in Colombia

Daniel Esteban
Osorio-Rodríguez
Mauricio
Avella
Domingo, 1 Mayo 2005

In this paper we try to elucidate the relationship between foreign and domestic banks external indebtedness and the business cycle in Colombia. After a brief review of related literature, we characterize the historical behavior of banking external indebte