Interest Rate Setting and the Colombian Monetary Transmission Mechanism

Borradores de Economia
Number: 
352
Published: 
Classification JEL: 
C33, E43, E52, E58
Keywords: 
Human capital agglomeration, Social returns, Private returns, Externalities, Uncertainty, Fiscal policy
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This paper is concerned with interest rate setting by commercial banks and how the transmission of monetary policy is reflected in these rates. For this purpose we study the case of the Colombian banking industry for the period 1996-2004. Using microdata,