Bank lending, risk taking, and the transmission of monetary policy : new evidence for Colombia

Número: 
772
Publicado: 
Clasificación JEL: 
E5, E52, E59, G21
Palabras clave: 
Monetary policy transmission, bank lending channel, Risk taking channel, Colombia

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We study the existence of a monetary policy transmission mechanism through banks in Colombia, using monthly banks' balance sheet data for the period 1996:4 – 2012:12. We obtain results which are consistent with the basic postulates of the bank lending ch