developing a better understanding of credit and its mechanisms. A rapidly growing strand of the literature views banks as facing …. This work explores the way banks in Colombia manage their balance sheet and sheds light into the dynamics of credit and … funding restrictions that condition their borrowing to a risk-based capital constraint which, in turn, affects bank lending …

onthis matter for the Colombian banking system. According to the model, we findthat once the banks have chosen its optimal … resultssuggest that there are no possible gains form diversification in bank´s cost and that,on average, the effects of focusing the … loan portfolio reduces bank´s return whileshowing positive effects of focusing on an specific sector. …

plazos. Así, con base en la estimación de la desviación estándar o del VaR (Value at Risk) diario, es usual obtener la …

Informational constraints may turn the Merton Model for corporate credit risk impractical. Applying this framework to … probabilities due to (i) spreads containing non-credit risk factors, and (ii) systematic undervaluation of the firm's value. However …-banking firms are not listed. Within the same framework, firms' debt spread over the risk-free rate may be considered as the market …

to in°ation shocks, specially credit rates. Finally, the evidence presented shows the importance of banks …This paper is concerned with interest rate setting by commercial banks and how the transmission of monetary policy is …-2004. Using microdata, the Certi¯cate of Deposit(CD) market and the credit market are studied for a balanced panel of 21 and 16 …

-round effects. Our methodology and recommendations contribute to the international discussion on management intraday liquidity risk …

the loan market and default riskprobabilities for credit. Both theoretical approaches are analyzed em-pirically for the …