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¿Existe el canal del crédito bancario?: evidencia para Colombia en el período 1995-2005

Author

Listed:
  • María Isabel Restrepo Estrada
  • Diana Constanza Restrepo Ochoa

Abstract

Resumen: existen varias teorías que postulan mecanismos de transmisión alternativos de la política monetaria. Uno de ellos es el canal del crédito bancario, que surge debido a asimetrías de información en el mercado financiero, dado que estas últimas afectan tanto la demanda como la oferta de crédito y, por ende, el producto agregado. Este artículo intenta verificar la existencia del canal del crédito bancario en Colombia, utilizando un modelo de umbral. Los resultados obtenidos no permiten descartar la existencia de este mecanismo de transmisión en Colombia durante el período analizado, aunque éste parece operar solo a través de la política monetaria contraccionista.

Suggested Citation

  • María Isabel Restrepo Estrada & Diana Constanza Restrepo Ochoa, 2006. "¿Existe el canal del crédito bancario?: evidencia para Colombia en el período 1995-2005," Perfil de Coyuntura Económica, Universidad de Antioquia, CIE, December.
    • Handle: RePEc:col:000165:004274
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    File URL: http://aprendeenlinea.udea.edu.co/revistas/index.php/coyuntura/article/view/2320/1892
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    More about this item

    Keywords

    política monetaria; mecanismos de transmisión; canal de crédito bancario; modelos de umbral;
    All these keywords.

    JEL classification:

    • C12 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Hypothesis Testing: General
    • C52 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Evaluation, Validation, and Selection
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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