No abstract

No abstract

BIS Working Papers are written by members of the Monetary and Economic Department of the Bank for International Settlements, and from time to time by other economists, and are published by the Bank. The papers are on subjects of topical interest and are technical in character. The views expressed in them are those of their authors and not necessarily the views of the BIS. This publication is available on the BIS website (www.bis.org).

Using a panel of Colombian banks and quarterly data between 1996:1 and 2010:3, we study the relationship between short-run adjustments in bank capital bu¤ers and the business cycle. We follow a partial adjustment framework and control for several variables that have been identi…ed as important determinants of bank capital bu¤ers in previous studies, and …nd that bank capital bu¤ers vary over the business cycle. We are able to identify a negative co-movement of capital bu¤ers and the business cycle. However, we also …nd that capital bu¤ers of small and large banks behave asymmetrically during the business cycle. While the former appear to be constant over time, once the appropriate set of control variables is used, the latter present a countercyclical behavior. Our results suggest the possible need of the implementation of regulatory policy measures in developing countries. JEL Classi…cation: C26; G21; G28.

Este documento busca identificar los determinantes de acceso al crédito de los hogares colombianos y encuentra que características tales como el ingreso, la riqueza, la posición geográfica, el acceso a la seguridad social, el nivel de educación y la edad afectan la probabilidad de ser usuario de los servicios financieros acá analizados (tarjeta de crédito y crédito hipotecario). Adicionalmente se encontró que una porción importante de población cuenta con unas condiciones financieras favorables (representados en unas altas tasas de ahorro) y no cuentan con acceso a servicios financieros, lo cual sugiere que podría haber posibilidades de expandir la oferta de crédito a ciertos segmentos.