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El Encaje Bancario en Colombia Perspectiva General

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  • Mauricio Avella Gómez

Abstract

En las últimas dos décadas, coincidiendo con el florecimiento de nuevas visiones acercade la política monetaria, de sus objetivos e instrumentos, así como acerca del papel de laintermediación financiera, la institución del encaje entró en decadencia; algunos paísesoptaron por deshacerse de ella, al tiempo que otros la han mantenido en su lista deopciones de política, sin renunciar a ella, aunque con un papel muy limitado. EnColombia, desde los primeros estatutos financieros expedidos en los años veinte, elencaje no sólo estuvo presente, sino que hizo parte de un elenco de instituciones ligadasa la estabilidad financiera.

Suggested Citation

  • Mauricio Avella Gómez, 2007. "El Encaje Bancario en Colombia Perspectiva General," Borradores de Economia 4327, Banco de la Republica.
    • Handle: RePEc:col:000094:004327
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    References listed on IDEAS

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    1. van Damme, Eric, 1994. "Banking: A Survey of Recent Microeconomic Theory," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 10(4), pages 14-33, Winter.
    2. Joshua N. Feinman, 1993. "Reserve requirements: history, current practice, and potential reform," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), issue Jun, pages 569-589.
    3. Claudio E. V. Borio, 1997. "Monetary policy operating procedures in industrial countries," BIS Working Papers 40, Bank for International Settlements.
    4. Gordon H. Sellon & Stuart E. Weiner, 1996. "Monetary policy without reserve requirements: analytical issues," Economic Review, Federal Reserve Bank of Kansas City, vol. 81(Q IV), pages 5-24.
    5. Kaminow, Ira, 1977. "Required reserve ratios, policy instruments, and money stock control," Journal of Monetary Economics, Elsevier, vol. 3(4), pages 389-408, October.
    6. George S. Tolley, 1957. "Providing for Growth of the Money Supply," Journal of Political Economy, University of Chicago Press, vol. 65(6), pages 465-465.
    7. Trujillo, Edgar & Posada Posada, Carlos Esteban, 1993. "El encaje optimo," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 38, pages 105-118, Enero Jun.
    8. J. Bradford De Long, 2000. "The Triumph of Monetarism?," Journal of Economic Perspectives, American Economic Association, vol. 14(1), pages 83-94, Winter.
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    Cited by:

    1. Christian Glocker & Pascal Towbin, 2012. "Reserve Requirements for Price and Financial Stability: When Are They Effective?," International Journal of Central Banking, International Journal of Central Banking, vol. 8(1), pages 65-114, March.
    2. Santiago Villegas Salazar, 2009. "Evidencia del canal de la hoja de balance a través de la inversión de las empresas colombianas (1995-2007)," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 27(60), pages 168-215, December.

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    More about this item

    Keywords

    instrumentos de política monetaria; asignación crediticia; regulaciónfinanciera;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • N26 - Economic History - - Financial Markets and Institutions - - - Latin America; Caribbean

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