Cuadernos de economía
versión On-line ISSN 0717-6821
GOMEZ-GONZALEZ, JOSÉ y GROSZ, FERNANDO. EVIDENCE OF A BANK LENDING CHANNEL FOR ARGENTINA AND COLOMBIA. Cuad. econ. [online]. 2007, vol.44, n.129, pp. 109-126. ISSN 0717-6821. doi: 10.4067/S0717-68212007000100005.
In this paper we find empirical evidence of bank lending channel for Colombia and Argentina. For Argentina, we do not find evidence that changes in the interbank interest rate affect the growth rate of total loans directly. However, the interbank interest rate affects the loan supply through its interactions with capitalization and liquidity. For Colombia, there is direct bank lending channel, which is reinforced through interactions with capitalization and liquidity. Also, using a panel data of more than 3,300 firms, we provide additional support to the existence of a bank lending channel for Colombia
Palabras clave : Monetary Transmission; Bank Lending Channel; Argentina; Colombia.