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
| Autores Principales: | , |
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| Formato: | Documento de trabajo (Working Paper) |
| Lenguaje: | Español (Spanish) |
| Publicado: |
Banco de la República
2009
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| Materias: | |
| Acceso en línea: | http://repositorio.banrep.gov.co/handle/20.500.12134/5562 |
| Sumario: | 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 |
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