Borradores de Economia
Número:
545
Publicado:
Clasificación JEL:
E5, E52, E59, G21
Palabras clave:
Monetary transmission, bank lending channel, Colombia
Lo más reciente
Fredy Gamboa-Estrada, Freddy Cepeda-López, Javier Iván Miguélez-Márquez
Fredy Gamboa-Estrada, José Vicente Romero
Fredy Gamboa-Estrada, Diego Cuesta, Camilo Sanchez-Quinto
In this paper we find empirical evidence of bank lending channel for Colombia , using a balanced panel data of about four thousand non-financial firms. We find that increases in the interest rate, proxiing for the monetary policy instrument, lead to a red