Monetary policy and microfinance credit risk: the case of peru, period 2003-2021

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Financial and/or credit crises generate questioning of the role of Central Banks and their intervention effectiveness, therefore, it is necessary to study the role played by this type of institution in the planning of the main policies within the framework of the COVID-19 crisis and its impact on th...

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Detalles Bibliográficos
Autores: Calsin Enriquez, Hugo Oscar, Vargas Salazar, Ivonne Yanete
Formato: artículo
Fecha de Publicación:2023
Institución:Universidad Nacional Mayor de San Marcos
Repositorio:Revistas - Universidad Nacional Mayor de San Marcos
Lenguaje:español
OAI Identifier:oai:ojs.csi.unmsm:article/27087
Enlace del recurso:https://revistasinvestigacion.unmsm.edu.pe/index.php/econo/article/view/27087
Nivel de acceso:acceso abierto
Materia:Economic policy
financial policy
financial resources
microcredit
Política económica
política financiera
recursos financieros
microcrédito
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spelling Monetary policy and microfinance credit risk: the case of peru, period 2003-2021Política monetaria y riesgo crediticio microfinanciero: caso perú, periodo 2003-2021Calsin Enriquez, Hugo OscarVargas Salazar, Ivonne YaneteCalsin Enriquez, Hugo OscarVargas Salazar, Ivonne YaneteEconomic policyfinancial policyfinancial resourcesmicrocreditPolítica económicapolítica financierarecursos financierosmicrocréditoFinancial and/or credit crises generate questioning of the role of Central Banks and their intervention effectiveness, therefore, it is necessary to study the role played by this type of institution in the planning of the main policies within the framework of the COVID-19 crisis and its impact on the stability of the financial system. The objective of the research is to determine the influence of monetary policies on credit risks between 2003 and 2021. The methodology employed consisted of an explanatory, causal and quantitative approach, with a non-experimental and parametric design, applying a VAR risk model, through the Generalized Method of Moments (GMM) and 2-stage least squares method (2SLS). We work with the time series database of the Central Reserve Bank of Peru (BCRP) and the Superintendence of Banking and Insurance (SBS). The results within the model show that the coefficient of the influence of the expansionary monetary policy applied has a significant impact on the increase of credit risk and vice versa.Las crisis financieras y/o crediticias generan cuestionamiento del papel de los Bancos Centrales y su eficacia de intervención, por lo tanto, es necesario estudiar el rol que ha desempeñado este tipo de institución en la planificación de las principales políticas en el marco de la crisis del COVID-19 y su impacto en la estabilidad del sistema financiero. El objetivo de la investigación es determinar la influencia de las políticas monetarias en los riesgos crediticios entre 2003 a 2021. La metodología empleada ha consistido en un enfoque explicativo, causal y cuantitativo, con diseño no experimental y paramétrico, aplicando un modelo de riesgo VAR, a través del Método Generalizado de Momentos (MGM) y el método de mínimos cuadrados en 2 etapas (2SLS). Se trabaja con la base de datos de series de tiempo del Banco Central de Reserva del Perú (BCRP) y de la Superintendencia de Banca y Seguros (SBS). Los resultados dentro del modelo muestran que el coeficiente de la influencia de la política monetaria expansionista aplicada tiene un impacto significativo en el aumento del riesgo crediticio y viceversa.Universidad Nacional Mayor de San Marcos, Facultad de Ciencias Económicas2023-12-28info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionArtículo revisado por paresapplication/pdfhttps://revistasinvestigacion.unmsm.edu.pe/index.php/econo/article/view/2708710.15381/pc.v28i2.27087Pensamiento Crítico; Vol. 28 No. 2 (2023); 23-38Pensamiento Crítico; Vol. 28 Núm. 2 (2023); 23-382617-21431728-502Xreponame:Revistas - Universidad Nacional Mayor de San Marcosinstname:Universidad Nacional Mayor de San Marcosinstacron:UNMSMspahttps://revistasinvestigacion.unmsm.edu.pe/index.php/econo/article/view/27087/20455Derechos de autor 2023 Hugo Oscar Calsin Enriquez, Ivonne Yanete Vargas Salazarhttp://creativecommons.org/licenses/by-nc-sa/4.0info:eu-repo/semantics/openAccessoai:ojs.csi.unmsm:article/270872023-12-28T08:20:47Z
dc.title.none.fl_str_mv Monetary policy and microfinance credit risk: the case of peru, period 2003-2021
Política monetaria y riesgo crediticio microfinanciero: caso perú, periodo 2003-2021
title Monetary policy and microfinance credit risk: the case of peru, period 2003-2021
spellingShingle Monetary policy and microfinance credit risk: the case of peru, period 2003-2021
Calsin Enriquez, Hugo Oscar
Economic policy
financial policy
financial resources
microcredit
Política económica
política financiera
recursos financieros
microcrédito
title_short Monetary policy and microfinance credit risk: the case of peru, period 2003-2021
title_full Monetary policy and microfinance credit risk: the case of peru, period 2003-2021
title_fullStr Monetary policy and microfinance credit risk: the case of peru, period 2003-2021
title_full_unstemmed Monetary policy and microfinance credit risk: the case of peru, period 2003-2021
title_sort Monetary policy and microfinance credit risk: the case of peru, period 2003-2021
dc.creator.none.fl_str_mv Calsin Enriquez, Hugo Oscar
Vargas Salazar, Ivonne Yanete
Calsin Enriquez, Hugo Oscar
Vargas Salazar, Ivonne Yanete
author Calsin Enriquez, Hugo Oscar
author_facet Calsin Enriquez, Hugo Oscar
Vargas Salazar, Ivonne Yanete
author_role author
author2 Vargas Salazar, Ivonne Yanete
author2_role author
dc.subject.none.fl_str_mv Economic policy
financial policy
financial resources
microcredit
Política económica
política financiera
recursos financieros
microcrédito
topic Economic policy
financial policy
financial resources
microcredit
Política económica
política financiera
recursos financieros
microcrédito
description Financial and/or credit crises generate questioning of the role of Central Banks and their intervention effectiveness, therefore, it is necessary to study the role played by this type of institution in the planning of the main policies within the framework of the COVID-19 crisis and its impact on the stability of the financial system. The objective of the research is to determine the influence of monetary policies on credit risks between 2003 and 2021. The methodology employed consisted of an explanatory, causal and quantitative approach, with a non-experimental and parametric design, applying a VAR risk model, through the Generalized Method of Moments (GMM) and 2-stage least squares method (2SLS). We work with the time series database of the Central Reserve Bank of Peru (BCRP) and the Superintendence of Banking and Insurance (SBS). The results within the model show that the coefficient of the influence of the expansionary monetary policy applied has a significant impact on the increase of credit risk and vice versa.
publishDate 2023
dc.date.none.fl_str_mv 2023-12-28
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Artículo revisado por pares
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv https://revistasinvestigacion.unmsm.edu.pe/index.php/econo/article/view/27087
10.15381/pc.v28i2.27087
url https://revistasinvestigacion.unmsm.edu.pe/index.php/econo/article/view/27087
identifier_str_mv 10.15381/pc.v28i2.27087
dc.language.none.fl_str_mv spa
language spa
dc.relation.none.fl_str_mv https://revistasinvestigacion.unmsm.edu.pe/index.php/econo/article/view/27087/20455
dc.rights.none.fl_str_mv Derechos de autor 2023 Hugo Oscar Calsin Enriquez, Ivonne Yanete Vargas Salazar
http://creativecommons.org/licenses/by-nc-sa/4.0
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Derechos de autor 2023 Hugo Oscar Calsin Enriquez, Ivonne Yanete Vargas Salazar
http://creativecommons.org/licenses/by-nc-sa/4.0
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Universidad Nacional Mayor de San Marcos, Facultad de Ciencias Económicas
publisher.none.fl_str_mv Universidad Nacional Mayor de San Marcos, Facultad de Ciencias Económicas
dc.source.none.fl_str_mv Pensamiento Crítico; Vol. 28 No. 2 (2023); 23-38
Pensamiento Crítico; Vol. 28 Núm. 2 (2023); 23-38
2617-2143
1728-502X
reponame:Revistas - Universidad Nacional Mayor de San Marcos
instname:Universidad Nacional Mayor de San Marcos
instacron:UNMSM
instname_str Universidad Nacional Mayor de San Marcos
instacron_str UNMSM
institution UNMSM
reponame_str Revistas - Universidad Nacional Mayor de San Marcos
collection Revistas - Universidad Nacional Mayor de San Marcos
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 13.927358
Monetary policy and microfinance credit risk: the case of peru, period 2003-2021
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La información contenida en este registro es de entera responsabilidad de la institución que gestiona el repositorio institucional donde esta contenido este documento o set de datos. El CONCYTEC no se hace responsable por los contenidos (publicaciones y/o datos) accesibles a través del Repositorio Nacional Digital de Ciencia, Tecnología e Innovación de Acceso Abierto (ALICIA).

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