The Venezuelan Financial System. What Compromises its Performance?

The objective of this paper is to empirically test the deleveraging of the Venezuelan financial system at the event of two contractive shocks, a monetary and an oil shock, and to characterize the types of risks that arise in each case. Although these shocks have similar effects on interest rates and deposits, the adverse consequences and implicit risks for the oil are greater, due to its shriveling effect on real activity and public finances.

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Year of publication:	2014
Authors:	Ana Maria A. Chirinos L. ; Pagliacci, Carolina
Published in:	Revista de Analisis Economico – Economic Analysis Review. - ILADES, ISSN 0716-5297. - Vol. 29.2014, 2, p. 47-74
Publisher:	ILADES
Subject:	Dynamic factor models \| macroeconomic shocks \| sign restrictions \| financial risk

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Extent:	application/pdf
Type of publication:	Article
Classification:	C32 - Time-Series Models ; C19 - Econometric and Statistical Methods: General. Other ; E60 - Macroeconomic Policy Formation, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook. General ; G0 - Financial Economics. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011115422