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

Number: 
345
Published: 
Classification JEL: 
G21, N26, F34
Keywords: 
Human capital agglomeration, Social returns, Private returns, Externalities, Uncertainty, Fiscal policy

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