Evidence of Bank Lending Channel for Argentina and Colombia

Borradores de Economia
Number: 
396
Published: 
Classification JEL: 
E5, E52, G2
Keywords: 
Human capital agglomeration, Social returns, Private returns, Externalities, Uncertainty, Fiscal policy
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In this paper we find empirical evidence of bank lending channel for Colombia and Argentina. As for Argentina, we do not find evidence that changes in the interbank interest rate affect the growth rate of total loans directly. However, it does indirectly