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Credit Pro-cyclicality and Bank Balance Sheet in Colombia
Salcedo, Franz Alonso Hamann; Hernández, Rafael; … - BANCO DE LA REPÚBLICA - 2013
funding restrictions that condition their borrowing to a risk-based capital constraint which, in turn, affects bank lending … leverage during the business cycle. Using a sample of monthly bank balance sheets for the period 1994-2012, we find not only … that the Colombian banking sector is predominantly pro-cyclical, but also that the composition of bank liabilities provides …
Persistent link: https://www.econbiz.de/10010828174
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Determinants of Interest Margins in Colombia
Estrada, Dairo; Gómez, Esteban; Orozco, Inés - BANCO DE LA REPÚBLICA - 2006
and Saunders (1981), interest margins are modelled as a function of the pure spread and bank-specific institutional …
Persistent link: https://www.econbiz.de/10005262733
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The Cyclical Behavior of Bank Capital Buffers in an Emerging Economy: Size Does Matter
García-Suaza, Andrés Felipe; Gómez-González, Jose … - BANCO DE LA REPÚBLICA - 2011
-run adjustments in bank capital buffers and the business cycle. We follow a partial adjustment framework and control for several … variables that have been identified as important determinants of bank capital buffers in previous studies, and find that bank …
Persistent link: https://www.econbiz.de/10009643092
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SUPERVISIÓN Y REGULACIÓN DEL SISTEMA FINANCIERO:MODELOS IMPLICACIONES Y ALCANCES
Estrada, Dairo; Rueda, Javier Gutiérrez - BANCO DE LA REPÚBLICA - 2008
En este artículo se realiza una revisión de los modelos de supervisión frecuentementeusados y las características que estos deben cumplir para alcanzar niveles óptimos deregulación y supervisión. Adicionalmente, se revisan las ventajas que surgen al involucraral banco central en dicho...
Persistent link: https://www.econbiz.de/10005768049
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Efectos de la política monetaria sobre las tasas de interés de los créditos hipotecarios en Colombia
Herrera, Hernando Vargas; Hamann, Franz; González, Andrés - BANCO DE LA REPÚBLICA - 2010
Este artículo presenta un análisis cuantitativo del impacto de la política monetaria sobre las tasas de interés de los créditos hipotecarios, tanto en el largo como en el corto plazo. En primer lugar, los resultados de los ejercicios econométricos confirman la existencia de una relación...
Persistent link: https://www.econbiz.de/10008503164
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Fiscal policy in Colombia and a prospective analysis after the 2008 financial crisis
Lozano, Ignacio - BANCO DE LA REPÚBLICA - 2010
The purpose of this study is twofold: First, it provides an empirical characterization of fiscal policy in Colombia over the last decades, by assessing the three most relevant macroeconomic factors: the behavior of fiscal policy over the business cycle; whether it has been coherent with the...
Persistent link: https://www.econbiz.de/10008475938
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Las Entidades Financieras a lo Largo del Ciclo de Negocios: ¿Es el Ciclo Financiero sensible al Ciclo de Negocios?
Rodríguez, Fernando Arias; Maldonado, Celina Gaitán; … - BANCO DE LA REPÚBLICA - 2014
A partir de estados financieros de bancos y entidades asociadas se propone una cronología del ciclo financiero para Colombia, desde 1990 hasta mediados del año 2013, y se evalúa su interacción con el ciclo de negocios propuesto por Alfonso et al. (2012). Se usan dos acercamientos: el primero...
Persistent link: https://www.econbiz.de/10010764993
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Credit Cycles, Credit Risk and Countercyclical Loan Provisions
López, Martha; Galarza, Fernando Tenjo; Zárate, Hector - BANCO DE LA REPÚBLICA - 2013
In this paper we investigate the impact of rapid credit growth on ex ante credit risk. We present micro-econometric evidence of the positive relationship between rapid credit growth and deterioration in lending portfolios: Loans granted during boom periods have higher probability of default than...
Persistent link: https://www.econbiz.de/10010828183
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Consumer credit performance over the business cycle in Colombia: some empirical facts
Arango, Luis E.; Cardona-Sosa, Lina - BANCO DE LA REPÚBLICA - 2015
This paper studies the behavior of the survival function of accruing loans during the slowdown experienced by the Colombian economy between January-2008 and March-2009 as documented by Alfonso et al. (2013). We use a dataset with information of different vintage loans between July-2007 and...
Persistent link: https://www.econbiz.de/10011122608
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The Cost of Collateralized Borrowing in the Colombian Money Market: Does Connectedness Matter?
Martínez, Constanza; León, Carlos - BANCO DE LA REPÚBLICA - 2014
Under the view that the market is a weighted and directed network (Barabási, 2003), this document is a first attempt to model the Colombian money market within a spatial econometrics framework. By estimating two standard spatial econometric models, we study the cost of collateralized borrowing...
Persistent link: https://www.econbiz.de/10010764991