Efectos de la política monetaria en el sistema bancario colombiano: Una aproximación Favar
Fecha
2017-01-01
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Revista Espacios
Resumen
This paper analyzes the impact, in terms of time and magnitude, of monetary policy decisions on key management variables of the Colombian banking system, using a FAVAR model. Empirical results suggest that a contractionary monetary policy decrease bank lending and stimulates the medium and long term deposits, due to a rise in interest rates. Also, there is a higher level in the credit and liquidity risk ratios, but an increase in the return on equity and assets, because of the result of higher profits. © 2017.