Reyes, Nidia Ruth; José Eduardo Gómez G.; Joya, Jair Ojeda - BANCO DE LA REPÚBLICA - 2013
We study the existence of a monetary policy transmission mechanism through banks in Colombia, using monthly banks’ balance sheet data for the period 1996:4 – 2012:12. We obtain results which are consistent with the basic postulates of the bank lending channel (and the risk-taking channel)...