results suggests that, after controlling for relevant financial variables such as firm´s profitability and leverage, and other …

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 …

models, we study the cost of collateralized borrowing (i.e. sell/buy backs) among Colombian financial institutions, and its … relationship with the effects induced by traditional variables (leverage, size and borrowing levels), and by spatial variables … significant spatial dependence with regard to the cost of collateralized borrowing; (iii) the inclusion of spatial lags of the …