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Eficiencia de los establecimientos bancarios (EB): una aproximación mediante modelos DEA
Pirateque, Javier E.; Piñeros, José H.; Mondragón, Linda - Banco de la Republica de Colombia - 2013
Este documento analiza la eficiencia (técnica, de escala, de costos y asignativa) del sistema bancario colombiano entre 2000-2012, utilizando la metodología DEA (Data Envelopment Analysis). Ésta se basa en funciones de producción individuales de las entidades que componen el sistema,...
Persistent link: https://www.econbiz.de/10010726687
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Does the Use of Foreign Currency Derivatives Affect Colombian Firms’ Market Value?
González, José Eduardo Gómez; Gómez, Carlos Eduardo … - Banco de la Republica de Colombia
Classic financial theory relies on the absolute perfection of capital markets, which results in one of the milestones of theoretical corporate finance: the firm’s value is invariant to the choice of capital structure. As an extension to the aforementioned proposition by Modigliani and Miller...
Persistent link: https://www.econbiz.de/10005051651
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Determinantes del crecimiento de las empresas no financieras en Colombia: Ley de Gibrat y otras teorías
Langebaek, Andrés - Banco de la Republica de Colombia
El objetivo del trabajo es investigar, de forma exploratoria, los determinantes del comportamiento de los ingresos operacionales de las empresas en Colombia. Se repasan las distintas teorías que explican el crecimiento y tamaño de las empresas y se estima un modelo de regresión por...
Persistent link: https://www.econbiz.de/10005274361
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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
funding restrictions that condition their borrowing to a risk-based capital constraint which, in turn, affects bank lending … leverage during the business cycle. Using a sample of monthly bank balance sheets for the period 1994-2012, we find not only … that the Colombian banking sector is predominantly pro-cyclical, but also that the composition of bank liabilities provides …
Persistent link: https://www.econbiz.de/10010862639
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Bank Lending, Risk Taking, and the Transmission of Monetary Policy: New Evidence for Colombia
Nidia, Ruth Reyes; José Eduardo Gómez G.; Joya, Jair Ojeda - Banco de la Republica de Colombia - 2013
bank lending channel (and the risk-taking channel) literature. The impact of short-term interest rates on the growth rate …
Persistent link: https://www.econbiz.de/10010862659
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Fragility determinants of the private corporate sector in Colombia
Lemus, Juan Sebastián; Corredor-Waldron, Adriana María; … - Banco de la Republica de Colombia
The aim of this paper is to identify a set of early warning indicators that effectively discriminate between firms that are more prone to default on their financial obligations from those that are less prone to do so. To fulfill this objective, we use the Discriminant Analysis methodology. We...
Persistent link: https://www.econbiz.de/10010862661
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Credit Risk Stress Testing: An Exercise for Colombian Banks
Cabrera, Wilmar; Rueda, Javier Gutiérrez; Mendoza, … - Banco de la Republica de Colombia
macroeconomic shock on bank’s performance indicators, such as the NPL ratio, the return on assets, and the capital adequacy ratio …
Persistent link: https://www.econbiz.de/10010862662
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El Uso de Efectivo y Tarjetas Débito como instrumentos de pago en Colombia
ventura, Constanza martínez - Banco de la Republica de Colombia - 2013
La acentuada preferencia de la población por efectivo para realizar sus compras ha motivado diversos estudios con el propósito de establecer cuáles son los principales determinantes de las decisiones de los agentes sobre los instrumentos de pago que usan en sus transacciones. Este documento...
Persistent link: https://www.econbiz.de/10010906083
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An exploration on interbank markets and the operational framework of monetary policy in Colombia
González, Camilo; Silva, Luisa F.; Vargas, Carmiña O.; … - Banco de la Republica de Colombia - 2013
market operations held by the Central Bank (auctions and window facilities), and idiosyncratic demand shocks and uncertainty …
Persistent link: https://www.econbiz.de/10010906089
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Credit determinants and its impact of firms' growth in Colombia
Quicazán, Carlos; Moreno, Diana Fernández; Estrada, Dairo - Banco de la Republica de Colombia
In recent years, credit growth has been accelerated recording higher levels of credit as a percentage of GDP, compared to previous years in some countries of Latin America. In Colombia, credit to GDP indicator had increased almost 10 percentage points in the last five years. For this reason, it...
Persistent link: https://www.econbiz.de/10010906094