The Cyclical Behavior of External Indebtedness: The Case of Foreign and Domestic Banks in Colombia

Daniel Esteban Osorio Rodíguez () and Mauricio Avella Gómez ()
Authors registered in the RePEc Author Service: Daniel Osorio-Rodriguez ()

Borradores de Economia from Banco de la Republica de Colombia

Abstract: In this paper we try to elucidate the relationship between foreign and domestic banks external indebtedness and the business cycle in Colombia. After a brief review of related literature, we characterize the historical behavior of banking external indebtedness in Colombia, and perform statistical and econometric calculations on the aforementioned relationship.

Keywords: Banking external indebtedness; business cycle; cross correlations; dynamic panel data models (search for similar items in EconPapers)
JEL-codes: F34 G2 N26 (search for similar items in EconPapers)
Date: 2005-05
New Economics Papers: this item is included in nep-fin and nep-fmk
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https://doi.org/10.32468/be.345 (application/pdf)

Related works:
Working Paper: THE CICLICAL BEHAVIOR OF EXTERNAL INDEBTEDNESS: THE CASE OF FOREIGN AND DOMESTIC BANKS IN COLOMBIA (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:bdr:borrec:345

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