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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

El efecto riqueza de la vivienda en Colombia

Enciso, Enrique López; Lugo, Andrés Salamanca - BANCO DE LA REPÚBLICA - 2009

Este documento analiza la riqueza en vivienda como un canal de trasmisión de lapolítica monetaria en Colombia, a partir de la evidencia de un modelo deEquilibrio general dinámico y estocástico calibrado para la economía colombiana.La medición del efecto riqueza para Colombia arrojó como...

Persistent link: https://www.econbiz.de/10005597574

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

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

participant to submit payments due to insufficient liquidity. During any of these incidents, the participants of the system can … the disruption, as well as on the alternative liquidity sources available to each entity. By means of Tobit models with …

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

This paper presents a methodology to estimate the intraday liquidity that systemically important entities (SIE) need to … fulfill all its obligations in a timely fashion, when a simulated failure-to-pay from its main liquidity supplier by … institution and extended failures-to-pay to the rest of system. An Intraday Liquidity Sufficiency Index is proposed to quantify …

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

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

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

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