The Risk-Taking Channel and Monetary Transmission Mechanism in Colombia

Número: 
616
Publicado: 
Clasificación JEL: 
E44, G21, L14
Palabras clave: 
Monetary policy, lending standards, risk taking, duration analysis

The recent financial crisis has brought to the forefront the need of a better understanding of the transmission mechanisms of monetary policy. The main step forward in this direction has drawn on work aimed at stressing the role of the financial sector in