Transmission of monetary policy and bank heterogeneity in Colombia

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dc.contributor.advisorRestrepo Tobón, Diego Alexanderspa
dc.contributor.authorOrtega Londoño, Carolina
dc.coverage.spatialMedellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degreeseng
dc.creator.degreeMagíster en Economíaspa
dc.creator.emailcortega1@eafit.edu.cospa
dc.date.accessioned2018-11-27T22:30:31Z
dc.date.available2018-11-27T22:30:31Z
dc.date.issued2018
dc.description.abstractThis study provides evidence of bank heterogeneity in Colombia for the period 2002-2014 and analyzes how bank-specific characteristics determine the bank-lending channel for monetary policy -- To analyze bank heterogeneity, this study estimates technical (cost) efficiency using Stochastic Frontier Analysis, which also allows for the measurement of Returns to Scale and a Lerner Index to proxy market power in the loans market -- This study also provides measures of capitalization, liquidity, and the commonly used ratios of financial and operational efficiency with bank’s balance-sheet data -- Furthermore, using a long and unbalanced panel, this study finds evidence of the existence of a bank-lending channel and finds that this transmission mechanism is determined by bank-specific characteristics -- The results suggest higher technical and operational efficiency, capitalization,liquidity and market power, increase the sensitivity of loans disbursements to monetary policy shocks, while higher returns to scale lowers this sensitivityspa
dc.identifier.ddc332.1 O771
dc.identifier.urihttp://hdl.handle.net/10784/13229
dc.language.isospaspa
dc.publisherUniversidad EAFITspa
dc.publisher.departmentEscuela de Economía y Finanzasspa
dc.publisher.programMaestría en Economíaspa
dc.rights.accessrightsinfo:eu-repo/semantics/openAccessspa
dc.rights.localAcceso abiertospa
dc.subjectTécnica de frontera estocásticaspa
dc.subjectEficiencia bancariaspa
dc.subjectCompetitividad bancariaspa
dc.subjectHeterogeneidad bancariaspa
dc.subject.keywordMonetary policy - Colombiaspa
dc.subject.keywordBanking systemsspa
dc.subject.keywordFinancial institutionsspa
dc.subject.lembPOLÍTICA MONETARIA - COLOMBIAspa
dc.subject.lembSISTEMA BANCARIOspa
dc.subject.lembINSTITUCIONES FINANCIERASspa
dc.titleTransmission of monetary policy and bank heterogeneity in Colombiaspa
dc.typemasterThesiseng
dc.typeinfo:eu-repo/semantics/masterThesiseng
dc.type.hasVersionacceptedVersioneng
dc.type.localTesis de Maestríaspa

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Maestría en Economía (tesis)