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This paper studies the determinants of the probability of participating in a process of merging or acquisition for financial institutions in Colombia. We use survival analysis techniques and competing risks models to estimate the probability of participating in such processes as an acquiring or...
Persistent link: https://www.econbiz.de/10005056495
The recent financial crisis has renewed the interest of economists, both at the theoretical and empirical level, in developing a better understanding of credit and its mechanisms. A rapidly growing strand of the literature views banks as facing funding restrictions that condition their borrowing...
Persistent link: https://www.econbiz.de/10010862639
We study the existence of a monetary policy transmission mechanism through banks in Colombia, using monthly banks’ balance sheet data for the period 1996:4 – 2012:12. We obtain results which are consistent with the basic postulates of the bank lending channel (and the risk-taking channel)...
Persistent link: https://www.econbiz.de/10010862659
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
In this paper we seek to assess the ability of banks to withstand the e?ects of an increase in credit risk as a result of changes in the macroeconomic environment. To do so we estimate a credit risk model for each loan type as a function of four macroeconomic variables commonly used in the...
Persistent link: https://www.econbiz.de/10010862662
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
We set a dynamic stochastic model for the interbank daily market for funds in Colombia. The framework features exogenous reserve requirements and requirement period, competitive trading among heterogeneous commercial banks, daily open market operations held by the Central Bank (auctions and...
Persistent link: https://www.econbiz.de/10010906089
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
El objetivo de este documento es describir las relaciones crediticias que tienen las entidades que participan en el mercado interbancario no colateralizado en Colombia (MINC), y analizar sus efectos sobre el riesgo de contagio. Estas relaciones se miden con los índices de preferencia del deudor...
Persistent link: https://www.econbiz.de/10010906097
Colombia’s financial system has undertaken major changes during the last decade, with new regulatory regimes being implemented, as well as a significant expansion of financial services. Nevertheless, the recent literature has yet to analyze this new epoch for banking institutions under an...
Persistent link: https://www.econbiz.de/10010906098