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Reaction Functions of the Participants in Colombia’s Large-value Payment System

Martínez, Constanza; Cepeda, Freddy - BANCO DE LA REPÚBLICA - 2015

Large value payment flows can be disrupted by several types of failures such as operational incidents, problems experienced by the administrator of the payments settlement system, outages in the communications networks and the inability of a participant to submit payments due to insufficient...

Persistent link: https://www.econbiz.de/10011210742

A dynamic approach to intraday liquidity needs

Freddy Cepeda L.; Fabio Ortega C. - BANCO DE LA REPÚBLICA - 2015

discretionary concepts of payment occurs. Using the Bank of Finland’s simulator and the fund transfer data from Colombian large …

Persistent link: https://www.econbiz.de/10011213760

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 the loan market and default riskprobabilities for...

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

Eficiencia en Costos, Cambios en las Condiciones Generales del Mercado y Crisis en la Banca Colombiana 1992-2002

Gandur, Michel Janna - BANCO DE LA REPÚBLICA - 2003

El presente estudio estima una frontera estocástica de costos con el fin de cuantificar el nivel de ineficiencia absoluta del sector bancario colombiano entre 1992 y 2002. Al mismo tiempo, se proponen distintos determinantes potenciales de dicha ineficiencia. Dado que la industria bancaria ha...

Persistent link: https://www.econbiz.de/10005262729

Determinants of Interest Margins in Colombia

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

and Saunders (1981), interest margins are modelled as a function of the pure spread and bank-specific institutional …

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

Mercado interbancario colombiano y manejo de liquidez del Banco de la República

Cardozo, Pamela A.; Carlos A. Huertas C.; Julián A. … - BANCO DE LA REPÚBLICA - 2011

El documento tiene como objetivo describir algunos de los elementos fundamentales del mercado interbancario colombiano y del manejo de liquidez por parte del Banco de la República (BR). El documento explica las diferencias entre las principales operaciones en este mercado y describe los...

Persistent link: https://www.econbiz.de/10009325837

El canal de préstamos de la política monetaria en Colombia. Un enfoque FAVAR

Galarza, Fernando Tenjo; Enrique López E.; Diego H. … - BANCO DE LA REPÚBLICA - 2011

En este trabajo se utiliza un modelo FAVAR (factor-augmented vector autoregression) con el fin de examinar el papel que las condiciones financieras de los bancos, reflejadas en información recopilada a nivel individual, tienen en la transmisión de la política monetaria. El tipo de modelo...

Persistent link: https://www.econbiz.de/10009404510

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

-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 determinants of bank capital buffers in previous studies, and find that bank …

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

The Risk-Taking Channel in Colombia Revisited

López, Martha; Tenjo, Fernando; Zárate, Héctor - BANCO DE LA REPÚBLICA - 2012

Levels of interest rates below historical norms may have enhanced financial instability in developed and developing economies during the 2000's. The risk taking channel of monetary policy transmission is a recent theory that explains the interaction between risk perceptions of the financial...

Persistent link: https://www.econbiz.de/10009645748

Failing and Merging as Competing Alternatives during Times of Financial Distress: Evidence from the Colombian Financial Crisis

Gómez-González, Jose Eduardo; Mendoza, Juan Carlos - BANCO DE LA REPÚBLICA - 2010

This paper studies the determinants of individual bank failures and M&A processes in Colombia during the financial … crisis of the late 1990s. Using bank-specific data we estimate competing risk hazards models and find that while … profitability and capitalization are the most important determinants of the probability of failing, bank´s size, efficiency and …

Persistent link: https://www.econbiz.de/10008594404