Similar Search Results

Determinants of Interest Margins in Colombia

Estrada, Dairo; Gómez, Esteban; Orozco, Inés - BANCO DE LA REPÚBLICA - 2006

This paper analyzes the determinants of interest margins in the Colombian Financial System. Based on the model by Ho and Saunders (1981), interest margins are modelled as a function of the pure spread and bank-specific institutional imperfections using quarterly data for the period...

Persistent link: https://www.econbiz.de/10005262733

The Cyclical Behavior of Bank Capital Buffers in an Emerging Economy: Size Does Matter

García-Suaza, Andrés Felipe; Gómez-González, Jose … - BANCO DE LA REPÚBLICA - 2011

Using a panel of Colombian banks and quarterly data between 1996:1 and 2010:3, we study the relationship between short-run adjustments in bank capital buffers and the business cycle. We follow a partial adjustment framework and control for several variables that have been identified as important...

Persistent link: https://www.econbiz.de/10009643092

SUPERVISIÓN Y REGULACIÓN DEL SISTEMA FINANCIERO:MODELOS IMPLICACIONES Y ALCANCES

Estrada, Dairo; Rueda, Javier Gutiérrez - BANCO DE LA REPÚBLICA - 2008

En este artículo se realiza una revisión de los modelos de supervisión frecuentementeusados y las características que estos deben cumplir para alcanzar niveles óptimos deregulación y supervisión. Adicionalmente, se revisan las ventajas que surgen al involucraral banco central en dicho...

Persistent link: https://www.econbiz.de/10005768049

An Industrial Organization Analysis for the Colombian Banking System

Rozo, Sandra; Vásquez, Diego; Estrada, Dairo - BANCO DE LA REPÚBLICA - 2008

This paper presents two versions of a spatial competition model forthe banking sector. The first version, describes a … framework that fol-lows closely Salop´s spatial competition model. This version is modi-fied in the second part by introducing …

Persistent link: https://www.econbiz.de/10005262660

Multimarket spatial competition in the Colombian deposit market

Estrada, Dairo; Rozo, Sandra - BANCO DE LA REPÚBLICA - 2006

This paper presents a multimarket spatial competition oligopoly model for the Colombian deposit market, in line with …

Persistent link: https://www.econbiz.de/10005196696

An empirical characterization of mortgage default in Colombia between 1997 and 2004

Carranza, Juan Esteban; Estrada, Dairo - BANCO DE LA REPÚBLICA - 2007

This paper examines the relationship between mortgage default decisions andrelevant observable variables under the … light of a random utility model. The focusof the study is the Colombian mortgage market between 1997 and 2004 using … twoseparate data sets that are matched using simulation techniques. The estimationallows the computation of mortgage default …

Persistent link: https://www.econbiz.de/10011082428

Designing an expert knowledge-based Systemic Importance Index for financial institutions

Léon, Carlos; Machado, Clara - BANCO DE LA REPÚBLICA - 2011

Defining whether a financial institution is systemically important (or not) is challenging due to (i) the inevitability of combining complex importance criteria such as institutions´ size, connectedness and substitutability; (ii) the ambiguity of what an appropriate threshold for those criteria...

Persistent link: https://www.econbiz.de/10009293901

Country risk ratings and financial crises 1995 - 2001: a survival analysis

Bonilla, Leonardo; García, Andrés Felipe; Roa, Monica - BANCO DE LA REPÚBLICA - 2008

Financial system´s health is a signal of economic growth therefore it is a key indicator toinvestors. As a consequence, one of the main purposes of policymakers is to keep itsstability as well as protect it from foreign activity. Both financial and economic activity ingeneral are susceptible of...

Persistent link: https://www.econbiz.de/10005768083

Relación entre el riesgo sistémico del sistema financiero y el sector real: un enfoque FAVAR

Rodríguez, Wilmar Alexander Cabrera; Velandia, Luis … - BANCO DE LA REPÚBLICA - 2014

Este documento estima los efectos de choques de origen financiero y real sobre un conjunto de variables de la economía colombiana. Para ello, se utiliza un modelo FAVAR que incorpora dos factores no observados, los cuales recogen la dinámica de 111 variables de la economía colombiana entre el...

Persistent link: https://www.econbiz.de/10010764999

Macro-prudential assessment of Colombian financial institutions’ systemic importance

León, Carlos; Machado, Clara; Murcia, Andrés - BANCO DE LA REPÚBLICA - 2013

This document presents an enhanced and condensed version of preceding proposals for identifying systemically important financial institutions in Colombia. Three systemic importance metrics are implemented: (i) money market net exposures network hub centrality; (ii) large-value payment system...

Persistent link: https://www.econbiz.de/10010765010