Bank lending channel of monetary policy: evidence for Colombia, using a firms' panel

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

Detalles Bibliográficos
Autores Principales: Gómez-González, José Eduardo, Morales-Acevedo, Paola
Formato: Documento de trabajo (Working Paper)
Lenguaje:Español (Spanish)
Publicado: Banco de la República 2009
Materias:
Acceso en línea:http://repositorio.banrep.gov.co/handle/20.500.12134/5562