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Riesgo operativo en el sector salud en Colombia
[Operational Risk in the Health Sector in Colombia]

Author

Listed:
  • Franco-Arbeláez, Luis Ceferino
  • Franco-Ceballos, Luis Eduardo
  • Murillo-Gómez, Juan Guillermo
  • Venegas-Martínez, Francisco

Abstract

In this research, based on the guidelines of the Basel agreements and its relationships with the health sector according to the respective resolutions of the Ministry of Social Protection of Colombia, the operational risk in the social security in Colombia is quantified in the context of so-called advanced measurement approaches (AMA), particularly the Loss Distribution Approach (LDA). To do this, the Monte Carlo simulation method and the Panjer’s (1981) recursion algorithm are used.

Suggested Citation

  • Franco-Arbeláez, Luis Ceferino & Franco-Ceballos, Luis Eduardo & Murillo-Gómez, Juan Guillermo & Venegas-Martínez, Francisco, 2015. "Riesgo operativo en el sector salud en Colombia [Operational Risk in the Health Sector in Colombia]," MPRA Paper 63149, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:63149
    as

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    File URL: https://mpra.ub.uni-muenchen.de/63149/1/MPRA_paper_63149.pdf
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    References listed on IDEAS

    as
    1. Willmot, Gord, 1986. "Mixed Compound Poisson Distributions," ASTIN Bulletin, Cambridge University Press, vol. 16(S1), pages 59-79, April.
    2. H. Panjer, Harry & Shaun Wang,, 1993. "On the Stability of Recursive Formulas," ASTIN Bulletin, Cambridge University Press, vol. 23(2), pages 227-258, November.
    3. Martínez Sánchez José Francisco & Venegas Martínez, 2013. "Riesgo operacional en el proceso de pago del Procampo. Un enfoque bayesiano," Contaduría y Administración, Accounting and Management, vol. 58(2), pages 221-259, abril-jun.
    4. Frachot, Antoine & Roncalli, Thierry & Salomon, Eric, 2004. "The Correlation Problem in Operational Risk," MPRA Paper 38052, University Library of Munich, Germany.
    5. José Francisco Martínez-Sánchez & Francisco Venegas-Martínez, 2013. "Riesgo operacional en la banca trasnacional: un enfoque bayesiano," Ensayos Revista de Economia, Universidad Autonoma de Nuevo Leon, Facultad de Economia, vol. 0(1), pages 31-72, May.
    6. Sundt, Bjørn & Jewell, William S., 1981. "Further Results on Recursive Evaluation of Compound Distributions," ASTIN Bulletin, Cambridge University Press, vol. 12(1), pages 27-39, June.
    7. Panjer, Harry H., 1981. "Recursive Evaluation of a Family of Compound Distributions," ASTIN Bulletin, Cambridge University Press, vol. 12(1), pages 22-26, June.
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    More about this item

    Keywords

    Basel; Operational risk; Health Sector; Loss Distribution Method.;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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