Interest Rate Pass-Through in Colombia: a Micro-Banking Perspective

Interest Rate Pass-Through in Colombia: a Micro-Banking Perspective

Banks and other credit institutions are key players in the transmission of monetary policy, especially when the responses of deposit and loan interest rates to shifts in policy rates are among the most important channels. This pass-through depends on the conditions prevailing in the loan and deposit...

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Autores principales: BETANCOURT,ROCÍO, VARGAS,HERNANDO, RODRÍGUEZ,NORBERTO
Lenguaje:English
Publicado: Instituto de Economía, Pontificia Universidad Católica de Chile 2008
Materias:
Monetary Transmission Mechanisms
Interest Rate Pass-Through
Banking
Acceso en línea:http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0717-68212008000100002
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spelling oai:scielo:S0717-682120080001000022009-01-13Interest Rate Pass-Through in Colombia: a Micro-Banking PerspectiveBETANCOURT,ROCÍOVARGAS,HERNANDORODRÍGUEZ,NORBERTO Monetary Transmission Mechanisms Interest Rate Pass-Through Banking Banks and other credit institutions are key players in the transmission of monetary policy, especially when the responses of deposit and loan interest rates to shifts in policy rates are among the most important channels. This pass-through depends on the conditions prevailing in the loan and deposit markets, which are, in turn, affected by macroeconomic factors. Hence, when setting their policy, monetary authorities must take into account those conditions and the behavior of banks. This paper shows this point using a micro-banking model and presents supporting empirical evidence based on monthly data for Colombia between 1999 and 2006.info:eu-repo/semantics/openAccessInstituto de Economía, Pontificia Universidad Católica de ChileCuadernos de economía v.45 n.131 20082008-05-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0717-68212008000100002en10.4067/S0717-68212008000100002
institution Scielo Chile
collection Scielo Chile
language English
topic Monetary Transmission Mechanisms
Interest Rate Pass-Through
Banking
spellingShingle Monetary Transmission Mechanisms
Interest Rate Pass-Through
Banking
BETANCOURT,ROCÍO
VARGAS,HERNANDO
RODRÍGUEZ,NORBERTO
Interest Rate Pass-Through in Colombia: a Micro-Banking Perspective
description Banks and other credit institutions are key players in the transmission of monetary policy, especially when the responses of deposit and loan interest rates to shifts in policy rates are among the most important channels. This pass-through depends on the conditions prevailing in the loan and deposit markets, which are, in turn, affected by macroeconomic factors. Hence, when setting their policy, monetary authorities must take into account those conditions and the behavior of banks. This paper shows this point using a micro-banking model and presents supporting empirical evidence based on monthly data for Colombia between 1999 and 2006.
author BETANCOURT,ROCÍO
VARGAS,HERNANDO
RODRÍGUEZ,NORBERTO
author_facet BETANCOURT,ROCÍO
VARGAS,HERNANDO
RODRÍGUEZ,NORBERTO
author_sort BETANCOURT,ROCÍO
title Interest Rate Pass-Through in Colombia: a Micro-Banking Perspective
title_short Interest Rate Pass-Through in Colombia: a Micro-Banking Perspective
title_full Interest Rate Pass-Through in Colombia: a Micro-Banking Perspective
title_fullStr Interest Rate Pass-Through in Colombia: a Micro-Banking Perspective
title_full_unstemmed Interest Rate Pass-Through in Colombia: a Micro-Banking Perspective
title_sort interest rate pass-through in colombia: a micro-banking perspective
publisher Instituto de Economía, Pontificia Universidad Católica de Chile
publishDate 2008
url http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0717-68212008000100002
work_keys_str_mv AT betancourtrocio interestratepassthroughincolombiaamicrobankingperspective
AT vargashernando interestratepassthroughincolombiaamicrobankingperspective
AT rodrigueznorberto interestratepassthroughincolombiaamicrobankingperspective
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