The bank lending channel of monetary policy : does the financial structure of banks matter

Número: 
953
Publicado: 
Clasificación JEL: 
E5, E52, E59, G21
Palabras clave: 
Monetary policy transmission, bank lending channel, Bank Financial Structure, Solvency

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Lina Fernanda Torres-Gutierrez, Gonzalo Ossa-Stipcianos, Edwin Mauricio Parra-Rodriguez, Egberto Alexander Riveros, Alvaro José Martinez-Monroy, Julián Andrés Gomez-Duran, Juan Sebastián Rojas-Moreno

This paper tests the importance of the financial structure of banks in the bank lending channel of monetary policy transmission in Colombia, using an unbalanced panel of 51 banks for the period of 1996:4-2014:8. We find that an increase in the interbank r