Evidence of a Bank Lending Channel for Argentina and Colombia

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 interestMonetary transmission, bank lending channel, Argentina, Colombia

Evidence of Bank Lending Channel for Argentina and Colombia

In this paper we find empirical evidence of bank lending channel for Colombia and Argentina. As for Argentina, we do not find evidence that changes in the interbank interest rate affect the growth rate of total loans directly. However, it does indirectly through interactions: the interbank interest rate affects the loan supply through its interactions with capitalization and liquidity. As 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 3300 firms, we provide additional support to the existence of a bank lending channel for Colombia.Monetary Transmission; Bank Lending Channel; Argentina; Colombia

Negotiation of meaning in outside of the classroom group assignments: accounting for the how to understand the what of future mathematics teachers' learning

In this paper we illustrate how Wenger’s theory of social learning can be used to account for phenomena of future teachers change in settings that are not usually studied, namely group work that future teachers do as they work on class assignments outside of class. We describe how we adapted Wenger’s theory to the exploration of future mathematics teachers’ learning and illustrate how the analysis of the audio taped interaction of a group of future teachers working out-side the classroom generated conjectures that help to explain their didactic knowledge development

Evidence of Non-Markovian Behavior in the Process of Bank Rating Migrations

This paper estimates transition matrices for the ratings on financial institutions, using an unusually informative data set. We show that the process of rating migration exhibits significant non-Markovian behavior, in the sense that the transition intensiFinancial institutions, macroeconomic variables, capitalization, supervision, transition intensities

Firm Failure and Relationship Lending:New Evidence from Small Businesses

We study the effect of relationship lending on small firms failure probability using a uniquely rich data set comprised of information on individual loans of a large number of small firms in Colombia. We control for firm-specific variables and find that small firms involved in long-term liaisons with commercial banks have a significantly lower probability of becoming bankrupt than otherwise identical firms not involved in a long-term credit relationship. We also find that small firms with multiple banking relationships face a lower failure hazard than otherwise identical firms involved in a unique long-term relationship.Firms, bank relationships, survival analysis. Classification JEL: G20, G21, C40.

Jurisprudencia ambiental en las Islas Baleares

Jurisprudencia ambiental en las Islas Baleare

Derecho y políticas ambientales en las Islas Baleares

Derecho y políticas ambientales en las Islas Baleare

Jurisprudencia ambiental en las Islas Baleares

Jurisprudencia ambiental en las Islas Baleare

DERECHO Y POLÍTICAS AMBIENTALES EN LAS ISLAS BALEARES

DERECHO Y POLÍTICAS AMBIENTALES EN LAS ISLAS BALEARES (pp. 2-20)DRET I POLÍTIQUES AMBIENTALS A LES ILLES BALEARS (pp. 21-39

The Competing Risks of Acquiring and Being Acquired: Evidence from Colombia´s Financial Sector

This paper studies the determinants of the probability of participating in a process of merging or acquisition for financial institutions in Colombia. We use survival analysis techniques and competing risks models to estimate the probability of participating in such processes as an acquiring or acquired firm. Using an especially rich database containing financial information of Colombian banks for the period 1990 - 2007, we find that both macroeconomic and microeconomic variables are important determinants of such probability. However, there are differential effects for the acquiring firm and the acquired firm. Particularly, while firm size and solvency result significant determinants of the probability of being an acquiring firm, efficiency is an important determinant of the probability of being acquired. Also, the concentration index, that plays no role for acquiring firms, plays an important role in the probability of being acquired.Survival analysis; competing risk models; Colombia