Monetary policy and the banking sector in chile

Author	dc.contributor.author	Fernández Maturana, Viviana
Admission date	dc.date.accessioned	2007-04-25T17:07:50Z
Available date	dc.date.available	2007-04-25T17:07:50Z
Publication date	dc.date.issued	2005-05
Cita de ítem	dc.identifier.citation	EMERGING MARKETS FINANCE AND TRADE	en
Identifier	dc.identifier.issn	1540-496X
Identifier	dc.identifier.uri	https://repositorio.uchile.cl/handle/2250/124539
Abstract	dc.description.abstract	This paper considers the existence of a bank lending channel in Chile. Toward that, we collect a data sample of nineteen banks that operated in Chile over January 1999-December 2002. In that period, banks primarily offered loans to firms in the manufacturing and the financial-services sectors (representing 13 and 26 percent of total loans, respectively), and to households through consumption and mortgage loans (at 9 and 10 percent of total loans, respectively). Our estimation results support the existence of a bank lending channel. We find that banks respond asymmetrically to monetary shocks depending upon their own characteristics, and that monetary shocks alter loan portfolio decisions in the aggregate.	en
Lenguage	dc.language.iso	es	en
Publisher	dc.publisher	M E SHARPE INC	en
Keywords	dc.subject	CREDIT	en
Título	dc.title	Monetary policy and the banking sector in chile	en
Document type	dc.type	Artículo de revista