Evidence of Bank Lending Channel for Argentina and Colombia

Serie

• Borradores de economía

Resumen

• In this paper we find empirical evidence of bank lending channel for Colombia and Argentina. As for Argentina, we do not find evidence that changes in the interbank interest rate affect the growth rate of total loans directly. However, it does indirectly through interactions: the interbank interest rate affects the loan supply through its interactions with capitalization and liquidity. As for Colombia, there is direct bank lending channel, which is reinforced through interactions with capitalization and liquidity. Also, using a panel data of more than 3300 firms, we provide additional support to the existence of a bank lending channel for Colombia.

autores

• Grosz, Fernando
• Gómez-González, José Eduardo

fecha de publicación

• 2006-06

Área temática

• E5 - Política monetaria, bancos centrales, oferta de dinero y crédito
• E52 - Política monetaria
• G2 - Instituciones y servicios financieros

Enfoque geográfico

• Argentina  Country
• Colombia  Country
• South America  Continent

Líneas de investigación

• Argentina
• Bank Lending Channel
• Colombia
• Monetary Transmission

Identificador de objeto digital (DOI)

• https://doi.org/10.32468/be.396

Issue

• 2649