EconPapers    
Economics at your fingertips  
 

Economic Sectors and the Risk-taking Channel of Monetary Policy

Martha López ()

Cuadernos de Economía - Spanish Journal of Economics and Finance, 2020, vol. 43, issue 123, 275-290

Abstract: This paper contributes to the empirical literature of the risk-taking channel of mo-netary policy and enhance the range of the analysis in terms of studying which economic sectors are more vulnerable to it. We use loan level microdata for 3019 Colombian firms be-tween 2005:1 and 2014:3. our results show strong evidence of the channel for the economy as a whole and a stronger effect in the agriculture and services sectors for ex-ante risky firms. These results are supported also for ex post credit risk. The firms affected the most are the less profitable and the less leveraged.

Keywords: Monetary policy; Credit risk; Supply of credit; Bank capital; Financial stability (search for similar items in EconPapers)
JEL-codes: E44 E51 E52 G10 G20 (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.cude.es/ojs/index.php/CUDE/article/view/35/100

Related works:
Working Paper: Economic Sectors and the Risk-taking Channel of Monetary Policy (2017) Downloads
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:cud:journl:v:43:y:2020:i:123:p:275-290

Access Statistics for this article

More articles in Cuadernos de Economía - Spanish Journal of Economics and Finance from Asociación Cuadernos de Economía Julián Sánchez - Secretario de la revista Asociación Cuadernos de Economía Dpto. de Análisis Económico: Teoría Económica e Historia Económica (Módulo E-X-204) Facultad de Ciencias Económicas y Empresariales Universidad Autónoma de Madrid C/ Francisco Tomás y Valiente 5 28049, Cantoblanco Madrid, España (Spain).
Bibliographic data for series maintained by Raquel Llorente-Heras ().

 
Page updated 2022-09-05
Handle: RePEc:cud:journl:v:43:y:2020:i:123:p:275-290