The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.
A continuación, se listan los contenidos disponibles en el portal relacionados con la consulta.
The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.
The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.
The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.
Even though international authorities encourage open and wide access to large value payment systems, the optimal level of access, or tiering, is still an open question. In the case of real-time gross settlement systems (RTGS), the level of access, or tiering, may be limited by the tradeoff…
Informational constraints may turn the Merton Model for corporate credit risk impractical. Applying this framework to the Colombian financial sector is limited to four stock-market-listed firms; more than a hundred banking and non-banking firms are not listed.
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…
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 1994:IV-2005:…
This paper presents an estimation of credit quality transition matrices for commercial banks in Colombia, using a duration hazard function model, and following the methodology proposed by Gómez-González et al (2009). Using a test developed by Weißbach et al (2005), we test for the time-…