The Risk-Taking Channel in Colombia Revisited

Borradores de Economia
Number: 
690
Published: 
Keywords: 
Human capital agglomeration, Social returns, Private returns, Externalities, Uncertainty, Fiscal policy

The most recent

Clark Granger-Castaño, Dairo Ayiber Estrada, Valeria Salas, Jhuliana Sofía Segura-Durán
Jaime Alfredo Bonet-Moron, Jorge Guerra-España, Jhorland Ayala-García

Levels of interest rates below historical norms may have enhanced financial instability in developed and developing economies during the 2000's. The risk taking channel of monetary policy transmission is a recent theory that explains the interaction betwe