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Credit Pro-cyclicality and Bank Balance Sheet in Colombia
Salcedo, Franz Alonso Hamann; Hernández, Rafael; … - Banco de la Republica de Colombia - 2013
. This work explores the way banks in Colombia manage their balance sheet and sheds light into the dynamics of credit and …
Persistent link: https://www.econbiz.de/10010862639
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Modular scale-free architecture of Colombian financial networks: Evidence and challenges with financial stability in view
León, carlos; Berndsen, Ron J. - Banco de la Republica de Colombia - 2013
Scale-free (inhomogeneous) connective structures with modular (highly clustered) hierarchies are ubiquitous in real–world networks. Evidence from the main Colombian payment and settlement systems verifies that local financial networks have self-organized into a modular scale-free architecture...
Persistent link: https://www.econbiz.de/10010862642
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The Risk-Taking Channel in Colombia Revisited
López, Martha; Tenjo, Fernando; Zárate, Héctor - Banco de la Republica de Colombia - 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/10010543168
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Estructura de red del Mercado Electrónico Colombiano (MEC) e identificación de agentes sistémicos según criterios de centralidad.
Ospina, Agustín Saade - Banco de la Republica de Colombia
En este documento se utilizan herramientas de análisis de redes tradicionales para describir las características generales de la estructura del Mercado Electrónico Colombiano (MEC). Se encontró que éste está fuertemente concentrado en unos pocos agentes, con bajo nivel de conectividad,...
Persistent link: https://www.econbiz.de/10009207390
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La estructura del mercado interbancario y del riesgo de contagio en Colombia.
Estrada, Dairo; Acevedo, Paola Morales - Banco de la Republica de Colombia
se examina la estructura del mercado interbancario en Colombia y, a partir de un modelo de simulación, analizamos el …
Persistent link: https://www.econbiz.de/10005274577
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The Risk-Taking Channel and Monetary Transmission Mechanism in Colombia
Martha López P.; Fernando Tenjo G.; Solano, Héctor Zárate - Banco de la Republica de Colombia
evidence from Colombia, the present paper finds a significant link between low interest rates and banks’ risk taking based on … evidence from Colombia. Lower interest rates raise the probability of default on new loans but reduce that on outstanding loans …
Persistent link: https://www.econbiz.de/10008461098
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A Market Risk Approach to Liquidity Risk and Financial Contagion
Estrada, Dairo; Osorio, Daniel - Banco de la Republica de Colombia
According to traditional literature, liquidity risk in individual banks can turn into a system-wide ¯nancial crisis when either interbank credit exposures or bank runs are present. This paper shows that this phenomenon can also arise when individual liquidity risk trans- forms into system-wide...
Persistent link: https://www.econbiz.de/10005113935
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Determinantes de la actividad innovadora en la industria manufacturera colombiana
Andrés Langebaek R.; Diego Vásquez E. - Banco de la Republica de Colombia
Se presenta una revisión de los principales trabajos que analizan, teórica y empíricamente los determinantes de la inversión de las firmas en innovación. Se describen los resultados para la industria manufacturera colombiana, de un modelo Tobit, cuya estimación se lleva a cabo por medio...
Persistent link: https://www.econbiz.de/10005035887
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Scale-free tails in Colombian financial indexes: A primer
León, Carlos - Banco de la Republica de Colombia - 2014
A maximum likelihood method for estimating the power-law exponent verifies that the positive and negative tails of the Colombian stock market index (IGBC) and the Colombian peso exchange rate (TRM) approximate a scale-free distribution, whereas none of the heavy tails of a local sovereign...
Persistent link: https://www.econbiz.de/10010862660
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Valor en Riesgo Condicional para el portafolio de deuda pública de las entidades ?nancieras
Cabrera, Wilmar; Melo, Luis; Mendoza, Juan Carlos - Banco de la Republica de Colombia
En este documento se analiza la exposición al riesgo de mercado del portafolio de deuda pública de las diferentes entidades del sistema ?nanciero Colombiano desde dos perspectivas. En la primera, se emplea el enfoque tradicional en donde se calcula el valor en riesgo no condicional (a otras...
Persistent link: https://www.econbiz.de/10010906104