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Monetary policy as determinants in the cost of business financing [La política monetaria como determinante en el costo de financiación empresarial]

dc.contributor.authorArango M
dc.contributor.authorHenao M.
dc.date.accessioned2024-07-31T21:07:00Z
dc.date.available2024-07-31T21:07:00Z
dc.date.created2024
dc.identifier.issn16469895
dc.identifier.urihttp://hdl.handle.net/11407/8447
dc.descriptionThe sustainability of companies in the long term depends on the cost of financing. Given that the behavior of this variable originates from the monetary policy of the central banks on the interest rate, this work takes as a proxy, the cost of Colombian business indebtedness, the Reference Banking Indicator (IBR), which reflects the minimum rate at which banks are willing to offer resources. In order to describe the behavior of the IBR, its autocorrelation and relationship with the rates of the main American economies with which it has commercial relations are analyzed: United States, Mexico, Brazil, Chile and Peru. After making multiple estimates, the empirical evidence shows the greatest fit in 12 ARIMAX-IGARCH models, the findings indicate that changes in the monetary policy rates of commercially close countries determine the cost of debt for Colombian companies. © 2024, Associacao Iberica de Sistemas e Tecnologias de Informacao. All rights reserved.
dc.language.isospa
dc.publisherAssociacao Iberica de Sistemas e Tecnologias de Informacao
dc.relation.isversionofhttps://www.scopus.com/inward/record.uri?eid=2-s2.0-85187192485&partnerID=40&md5=fa71b11a08366fffa503601f94728203
dc.sourceRISTI - Revista Iberica de Sistemas e Tecnologias de Informacao
dc.sourceRev. Iberica Sist. Tecnol. Inf.
dc.sourceScopus
dc.subjectARIMAX – IGARCHeng
dc.subjectCost of corporate borrowingeng
dc.subjectMonetary policy rateeng
dc.titleMonetary policy as determinants in the cost of business financing [La política monetaria como determinante en el costo de financiación empresarial]eng
dc.typearticle
dc.rights.accessrightsinfo:eu-repo/semantics/restrictedAccess
dc.publisher.programIngeniería Financieraspa
dc.type.spaArtículo
dc.relation.citationvolume2023
dc.relation.citationissueE65
dc.relation.citationstartpage289
dc.relation.citationendpage301
dc.publisher.facultyFacultad de Ingenieríasspa
dc.affiliationArango, M., Universidad de Medellín/Universidad Nacional de Colombia, Medellín, Colombia
dc.affiliationHenao, M., Universidad Nacional de Colombia, Medellín, Colombia
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dc.type.versioninfo:eu-repo/semantics/publishedVersion
dc.identifier.reponamereponame:Repositorio Institucional Universidad de Medellín
dc.identifier.repourlrepourl:https://repository.udem.edu.co/
dc.identifier.instnameinstname:Universidad de Medellín


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