SciELO - Scientific Electronic Library Online

vol.12 issue2Effects of the Great Recession on state output in MexicoMediating Effects of Organizational Citizenship Behavior on Organizational Performance: Empirical Analysis of Public Employees in Guadalajara, Mexico author indexsubject indexsearch form
Home Pagealphabetic serial listing  

Services on Demand




Related links

  • Have no similar articlesSimilars in SciELO



On-line version ISSN 2007-9869Print version ISSN 1870-6622


RODRIGUEZ NAVA, Abigail  and  VENEGAS MARTINEZ, Francisco. Effects of monetary policy decisions on consumer credit. EconoQuantum [online]. 2015, vol.12, n.2, pp.47-69. ISSN 2007-9869.

This paper proposes a model to examine the effects of monetary policy on banking credit for consumption. The key assumptions are: 1) the monetary authority affects the structure of balance sheets by controlling the rate of interest; 2) the supply of credit is independent of the deposits. The main results are: 1) the use of interest rate as instrument of monetary policy indirectly affects the possibilities of consumer spending, because the commercial banks are forced to change the composition of its assets and liabilities in response to central bank decisions; 2) the demand for assets and liabilities of agents depends mainly on profitability, risk, and correlation between securities. Finally, the proposed model is calibrated to measure the effects of monetary policy on agents’ decisions.

Keywords : Monetary policy; commercial banking; consumers; expense; interest rate.

        · abstract in Spanish     · text in Spanish     · Spanish ( pdf )