Effect of the intervention interest rate on credit institutions in Colombia

Natalia Chaparro Cediel () and Heivar Yesid Rodríguez Pinzón ()
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Natalia Chaparro Cediel: Especialista en Estadística Aplicada por la Fundación Universitaria. Teléfono: +573016471056.
Heivar Yesid Rodríguez Pinzón: Magister en Ciencias Económicas. Facultad de Estadística. Universidad Santo Tomás. Colombia. Teléfono: +573013594398.

Economía, 2018, vol. 43, issue 46, 31-63

Abstract: To establish the quality of the portfolio of establishments, use the indicator of past due loans (ICV). The studies have tried to determine which are the macroeconomic variables that affect the behavior of this indicator. Given that the Bank of the Republic has used the intervention rate as a tool for compliance with monetary policy, we seek to establish the impact of the Intervention Interest Rate (TII) on the ICV, for which a model is applied. VEC (Vector Error Correction). The results suggest that there is a direct impact of the ICV of increases in the TII, while in the other portfolios the relationship is inverse.

Keywords: Past-due portfolio indicator; intervention interest rate; VEC model; monetary policy. (search for similar items in EconPapers)
JEL-codes: B00 I20 J20 J24 N3 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:ula:econom:v:43:y:2018:i:46:p:31-63

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