Restrepo Tobón, Diego Alexander2018-11-272018https://hdl.handle.net/10784/13229This 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 sensitivityapplication/pdfspaTécnica de frontera estocásticaEficiencia bancariaCompetitividad bancariaHeterogeneidad bancariainfo:eu-repo/semantics/masterThesisinfo:eu-repo/semantics/openAccessPOLÍTICA MONETARIA - COLOMBIASISTEMA BANCARIOINSTITUCIONES FINANCIERASMonetary policy - ColombiaBanking systemsFinancial institutionsAcceso abierto2018-11-27Ortega Londoño, Carolina332.1 O771reponame:Repositorio Institucional Universidad EAFITinstname:Universidad EAFITrepourl:https://repository.eafit.edu.cohttp://purl.org/coar/access_right/c_abf2