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Eficiencia en Costos,Cambios en las Condiciones Generales del Mercado y Crisis en la Banca Colombiana: 1992-2002

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Author Info
Michel Janna Gandur ()
Abstract

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 experimentado grandes transformaciones durante los noventa, como resultado de importantes cambios regulatorios y de la crisis finaciera del 1998-1999, no sólo se incluyeron variables que revelan la idiosincrasia de cada banco, sino también variables comunes a todos los bancos que caracterizan el entorno general de su mercado. Los resultados muestran que tanto la carga regulatoria, como el ciclo económico y el grado de concentración de la banca, guardan una relación positiva con el nivel de ineficiencia de la industria. EL estudio concluye que buena parte de las mejoras en eficiencia anteriores a 1997 se pueden atribuir a cambios favorables en estas condiciones de entorno. Sin embargo, la crisis financiera cambió drásticamente esta situación pues luego de esta (a partir de 1999), las mejoras posteriores en eficiencia se explican por esfuerzos específicos de cada banco por re-enfocar su estructura productiva, y no a un entorno general más favorable en términos del ahorro en costos.

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Paper provided by Banco de la Republica de Colombia in its series Borradores de Economia with number 260.

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Related research
Keywords: Frontera Estocástica; Costos; eficiencia; Bancos;

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Find related papers by JEL classification:
G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Mortgages
D20 - Microeconomics - - Production and Organizations - - - General
G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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    Other versions:
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  5. Andrés Carvajal & Hernando Zuleta, . "Desarrollo del Sistema Financiero y Crecimiento Económico," Borradores de Economia 067, Banco de la Republica de Colombia. [Downloadable!]
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  12. Battese, G E & Coelli, T J, 1995. "A Model for Technical Inefficiency Effects in a Stochastic Frontier Production Function for Panel Data," Empirical Economics, Springer, vol. 20(2), pages 325-32.
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  14. Cornwell, Christopher & Schmidt, Peter & Sickles, Robin C., 1990. "Production frontiers with cross-sectional and time-series variation in efficiency levels," Journal of Econometrics, Elsevier, vol. 46(1-2), pages 185-200. [Downloadable!] (restricted)
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  15. Alejandro BADEL FLOREZ, 2002. "Sistema Bancario Colombiano: ¿Somos eficientes a nivel internacional?," ARCHIVOS DE ECONOMÍA 003500, DEPARTAMENTO NACIONAL DE PLANEACIÓN. [Downloadable!]
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