Evaluación de impacto del establecimiento del encaje marginal como política macro prudencial sobre el crecimiento de la cartera de crédito en Colombia (2007-2008)
La importancia de la intervención del Banco de la República en temas monetarios y de estabilidad financiera, ha puesto aun en mayor evidencia el rol de los instrumentos macro-prudenciales de política. Con el fin de establecer un apoyo o refuerzo a la política monetaria de la época, y reducir el crec...
- Autores:
-
Barrios Barrera, Paula Andrea
Marquez Sanabria, Yeison Ferney
- Tipo de recurso:
- http://purl.org/coar/version/c_b1a7d7d4d402bcce
- Fecha de publicación:
- 2016
- Institución:
- Universidad Industrial de Santander
- Repositorio:
- Repositorio UIS
- Idioma:
- spa
- OAI Identifier:
- oai:noesis.uis.edu.co:20.500.14071/35377
- Palabra clave:
- Encaje Marginal
Politica Macroprudencial
Estabilidad Finaciera
Credito Bancario
The importance of the intervention of the Banco de la República in monetary and financial stability issues
has highlighted the role of macro-prudential policy instruments. In order to establish a support or reinforcement to the monetary policy of the time
and reduce excessive credit growth
due to massive capital inflows
in May 2007 the Banco de la República
through Resolution N. 3 of 2007
imposed a marginal reserve requirement as macro-prudential measure on deposits and demand accounts of credit institutions. This document explores the impact of establishment of marginal reserve requirements on credit growth in Colombia for 2007-2008
taking as an essential feature
the portfolio growth of previous credit policy implementation. To perform the impact assessment proposed
it is used the empirical methodology known as "differences-in- with the aim of measuring the effect of policy (marginal reserve requirement) on an outcome variable (growth of the total loan portfolio
commerce
conception and the quality of the portfol. We found a true effect of the imposition of the policy on credit grow and the quality of the portfol. The policy slows growth and increases the quality of the portfol. In addition
the policy approach is evident from the macroprudential vision.
- Rights
- License
- Attribution-NonCommercial 4.0 International (CC BY-NC 4.0)