Evidence of Bank Lending Channel for Argentina and Colombia

Jose Gomez-Gonzalez and Fernando Grosz ()

Borradores de Economia from Banco de la Republica de Colombia

Abstract: 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.

Keywords: Monetary Transmission; Bank Lending Channel; Argentina; Colombia (search for similar items in EconPapers)
JEL-codes: E5 E52 G21 (search for similar items in EconPapers)
Date: 2006-06
New Economics Papers: this item is included in nep-ban, nep-cba, nep-fin, nep-fmk, nep-mac and nep-mon
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://doi.org/10.32468/be.396 (application/pdf)

Related works:
Journal Article: Evidence of a Bank Lending Channel for Argentina and Colombia (2007)
Working Paper: Evidence of Bank Lending Channel for Argentina and Colombia (2006)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bdr:borrec:396

Access Statistics for this paper

More papers in Borradores de Economia from Banco de la Republica de Colombia Cra 7 # 14-78. Contact information at EDIRC.
Bibliographic data for series maintained by Clorith Angélica Bahos Olivera ().