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Un Análisis de Cointegración para el Riesgo de Crédito

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Author Info
Javier Gutiérrez Rueda ()
Diego M. Vásquez E. ()

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Abstract

Es común en la literatura considerar el riesgo de crédito como una de las principales fuentes de inestabilidad del sistema financiero. Con el fin de evaluar la sensibilidad del riesgo de crédito ante cambios en algunas variables macroeconómicas y sus posibles efectos sobre la rentabilidad de los intermediarios del sistema, se realizan pruebas de stress por medio de multiplier analysis. Los resultados sugieren que los establecimientos de crédito son significativamente vulnerables ante cambios en la actividad económica y en la tasa de desempleo; y en menor medida ante cambios en la tasa de interés. Sin embargo, bajo escenarios extremos y poco probables, la reducción en la rentabilidad del sistema no supera el nivel de liquidación establecido por la regulación.

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File URL: http://www.banrep.gov.co/documentos/publicaciones/report_estab_finan/2008/cointegracion.pdf
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Publisher Info
Paper provided by Banco de la Republica de Colombia in its series Temas de Estabilidad Financiera with number 035.

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Handle: RePEc:bdr:temest:035

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Related research
Keywords: Riesgo de crédito; Pruebas de stress. Classification JEL: C51; C53; G1; G2.;

References listed on IDEAS
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  1. Glenn Hoggarth & Steffen Sorensen & Lea Zicchino, . "Stress tests of UK banks using a VAR approach," Bank of England working papers 282, Bank of England. [Downloadable!]
  2. Krasker, William S. & Kuh, Edwin & Welsch, Roy E., 1983. "Estimation for dirty data and flawed models," Handbook of Econometrics, in: Z. Griliches† & M. D. Intriligator (ed.), Handbook of Econometrics, edition 1, volume 1, chapter 11, pages 651-698 Elsevier. [Downloadable!] (restricted)
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This page was last updated on 2009-12-9.


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