Bank Lending, Risk Taking, and the Transmission of Monetary Policy: New Evidence for Colombia

Citation data:

Banco de la Republica de Colombia, Borradores de Economia, No: 772

Publication Year:
2013
Repository URL:
http://repositorio.banrep.gov.co/handle/20.500.12134/5912
RePec URLs:
https://ideas.repec.org/p/bdr/borrec/772.html; https://ideas.repec.org/p/col/000094/010970.html
Author(s):
Reyes-Nidia, Ruth; Gómez-González, José Eduardo; Ojeda-Joya, Jair N.
Publisher(s):
Banco de la República
Tags:
E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit; G21 - Banks; Depository Institutions; Micro Finance Institutions; Mortgages; E59 - Monetary Policy, Central Banking, and the Supply of Money and Credit: Other; E52 - Monetary Policy; Monetary policy transmission; Bank lending channel; Risk taking channel; Colombia; Mecanismos de transmisión monetaria -- Colombia -- 1996-2012; Política monetaria -- Colombia -- 1996-2012; Préstamos bancarios -- Colombia -- 1996-2012; Crédito al consumidor -- Colombia -- 1996-2012; Crédito -- Colombia -- 1996-2012; E52 - Política monetaria; E59 - Política monetaria, bancos centrales, oferta de dinero y crédito: Otros; G21 - Bancos; Instituciones de depósito; Instituciones Microfinancieras; Hipotecas; E5 - Política monetaria, bancos centrales, oferta de dinero y crédito; Monetary policy transmission; Bank lending channel; Risk taking channel; Colombia.; Monetary policy transmission, Bank lending channel, Risk taking channel, Colombia
paper description
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