Propuesta metodológica para el cálculo del riesgo sistémico financiero en estudios de Historia Económica: Aplicación para el caso de la banca libre en Antioquia, 1888
[A methodology for assessing financial systemic risk in economic history studies: An Application for free banking in Antioquia, 1888]
AbstractThis paper proposes a methodology to calculate the systemic risk in historical research, understanding that the characteristics of non modern financial systems and the availability of information do not enable the use of recent techniques of measuring financial risk. I propose a method of simple application and scarce information requirements, using the degree of leverage as an approximation of the individual risk, and the network theory to determine the allocation of individual risks throughout the system. The methodology is especially useful for studying the banking systems in early corporatizing periods. After been exposed the methodology, which takes as its central axis the shareholders, and the property as base linkages between institutions, it is mentioned its strengths and weaknesses; being, finally, tested in an application for the free banking experience in Antioquia.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 35460.
Date of creation: 17 Dec 2012
Date of revision:
systemic risk; social network analysis; financial history; free banking; 19th Century; Antioquia;
Find related papers by JEL classification:
- N01 - Economic History - - General - - - Development of the Discipline: Historiographical; Sources and Methods
- G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
- N86 - Economic History - - Micro-Business History - - - Latin America; Caribbean
- N26 - Economic History - - Financial Markets and Institutions - - - Latin America; Caribbean
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
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