IDEAS home Printed from https://ideas.repec.org/p/wbk/wbrwps/4006.html
   My bibliography  Save this paper

Financial system structure in Colombia : a proposal for a reform agenda

Author

Listed:
  • De la Cruz, Javier
  • Stephanou, Constantinos

Abstract

The objective of this policy paper is to identify and propose high-level legal and regulatory reforms to Colombia's financial system structure that would enhance efficiency and/or mitigate risks. Five specific and four general reforms are proposed and evaluated based on their compatibility with the aforementioned objectives, ease of implementation, impact, and consistency with international practice. Potential implications for supervision and competition, as well as likely criteria for developing a carefully sequenced reform roadmap, are also highlighted.

Suggested Citation

  • De la Cruz, Javier & Stephanou, Constantinos, 2006. "Financial system structure in Colombia : a proposal for a reform agenda," Policy Research Working Paper Series 4006, The World Bank.
    • Handle: RePEc:wbk:wbrwps:4006
    as

    Download full text from publisher

    File URL: http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2006/09/14/000160016_20060914141751/Rendered/PDF/wps4006.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. International Monetary Fund, 2005. "Chile: Staff Report for the 2005 Article IV Consultation: Staff Report for the 2005 Article IV Consultation," IMF Staff Country Reports 2005/315, International Monetary Fund.
    2. International Monetary Fund, 2005. "Australia: Staff Report for the 2005 Article IV Consultation," IMF Staff Country Reports 2005/331, International Monetary Fund.
    3. International Monetary Fund, 2005. "Ireland: Staff Report for the 2005 Article IV Consultation," IMF Staff Country Reports 2005/369, International Monetary Fund.
    4. María Angélica Arbeláez Restrepo & Fabio Villegas & Natalia Salazar Ferro, 2004. "El leasing en Colombia: Diagnóstico e impacto sobre la inversión y el crecimiento," Cuadernos de Fedesarrollo 12728, Fedesarrollo.
    5. Stephanou, Constantinos, 2005. "Supervision of financial conglomerates : the case of Chile," Policy Research Working Paper Series 3553, The World Bank.
    6. International Monetary Fund, 2005. "Canada: Staff Report for the 2005 Article IV Consultation," IMF Staff Country Reports 2005/118, International Monetary Fund.
    7. International Monetary Fund, 2005. "Colombia: Staff Report for the 2005 Article IV Consultation," IMF Staff Country Reports 2005/154, International Monetary Fund.
    8. International Monetary Fund, 2005. "Grenada: Staff Report for the 2005 Article IV Consultation," IMF Staff Country Reports 2005/290, International Monetary Fund.
    9. International Monetary Fund, 2005. "Iraq: Staff Report for the 2005 Article IV Consultation," IMF Staff Country Reports 2005/294, International Monetary Fund.
    10. International Monetary Fund, 2005. "Colombia: Financial System Stability Assessment Update," IMF Staff Country Reports 2005/287, International Monetary Fund.
    11. International Monetary Fund, 2005. "Guatemala: Staff Report for the 2005 Article IV Consultation," IMF Staff Country Reports 2005/362, International Monetary Fund.
    12. International Monetary Fund, 2005. "Morocco: Staff Report for the 2005 Article IV Consultation," IMF Staff Country Reports 2005/418, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Stephanou, Constantinos & Rodriguez, Camila, 2008. "Bank financing to small and medium-sized enterprises (SMEs) in Colombia," Policy Research Working Paper Series 4481, The World Bank.
    2. World Bank, 2007. "Colombia : Bank Financing to Small- and Medium-Sized Enterprises (SMEs) in Colombia," World Bank Publications - Reports 7654, The World Bank Group.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ana María Jul, 2006. "Off-Budget Operations: Report," IDB Publications (Working Papers) 23838, Inter-American Development Bank.
    2. Tamon Asonuma & Mike Xin Li & Saji Thomas & Michael G. Papaioannou & Eriko Togo, 2018. "Sustainability and Equity Challenges to Pension Systems: The Case of Lebanon," Journal of Banking and Financial Economics, University of Warsaw, Faculty of Management, vol. 2(10), pages 67-106, December.
    3. World Bank, 2007. "An Assessment of the Investment Climate in Botswana : Volume I, Main Report," World Bank Publications - Reports 7093, The World Bank Group.
    4. Mr. Erik J. Lundback, 2008. "Medium-Term Budgetary Frameworks - Lessons for Austria from International Experience," IMF Working Papers 2008/163, International Monetary Fund.
    5. repec:ilo:ilowps:484309 is not listed on IDEAS
    6. Sunyoung Noh & Jai S. Mah, 2011. "The Patterns of Japan’s Foreign Direct Investment in China," China Report, , vol. 47(3), pages 217-232, August.
    7. repec:ilo:ilowps:994835833402676 is not listed on IDEAS
    8. Jai S. Mah, 2007. "Export Promotion Policies and Economic Development of China," International Area Studies Review, Center for International Area Studies, Hankuk University of Foreign Studies, vol. 10(1), pages 23-38, March.
    9. repec:ilo:ilowps:483583 is not listed on IDEAS
    10. Brause, Alexander, 2008. "Foreign exchange interventions in emerging market countries: New lessons from Argentina," W.E.P. - Würzburg Economic Papers 79, University of Würzburg, Department of Economics.
    11. International Monetary Fund, 2006. "Germany; Selected Issues," IMF Staff Country Reports 06/436, International Monetary Fund.
    12. Goulding, Kristine., 2013. "Gender dimensions of national employment policies : a 24-country study," ILO Working Papers 994843093402676, International Labour Organization.
    13. Ramcharan, Rodney, 2007. "Does the exchange rate regime matter for real shocks? Evidence from windstorms and earthquakes," Journal of International Economics, Elsevier, vol. 73(1), pages 31-47, September.
    14. David Rosnick & Mark Weisbrot, 2007. "Political Forecasting? The IMF's Flawed Growth Projections for Argentina and Venezuela," CEPR Reports and Issue Briefs 2007-10, Center for Economic and Policy Research (CEPR).
    15. Danny Cassimon & Marin Ferry & Marc Raffinot & Bjorn Van Campenhout, 2013. "Dynamic fiscal impact of the debt relief initiatives on african heavily indebted poor countries (HIPCs)," Working Papers DT/2013/01, DIAL (Développement, Institutions et Mondialisation).
    16. Cheng, Hui Fang & Gutierrez, Margarida & Mahajan, Arvind & Shachmurove, Yochanan & Shahrokhi, Manuchehr, 2007. "A future global economy to be built by BRICs," Global Finance Journal, Elsevier, vol. 18(2), pages 143-156.
    17. Amin Y. Kamete, 2009. "In the Service of Tyranny: Debating the Role of Planning in Zimbabwe's Urban `Clean-up' Operation," Urban Studies, Urban Studies Journal Limited, vol. 46(4), pages 897-922, April.
    18. Danny Cassimon & Marin Ferry & Marc Raffinot & Bjorn van Campenhout, 2017. "Dynamic Fiscal Impact of The Debt Relief Initiatives on African Highly Indebted Poor Countries (HIPCs)," Working Papers hal-01489613, HAL.
    19. Dewhurst John & Kerwat Jamal & Molana Hassan, 2010. "Viability of Keeping a Fixed Exchange Rate in an Oil Exporting Country: Some Results for Libya from a Computable General Equilibrium Model," Review of Middle East Economics and Finance, De Gruyter, vol. 5(3), pages 24-45, February.
    20. Daniel Artana & Wendell Thomas & Liliana Rojas-Suárez & Fernando Navajas & Juan Luis Bour & Christopher Vignoles & Dennis Brown & Fidel Jaramillo & Deryck Omar & Rolph Balgobin & Anneke Jessen & Carlo, 2006. "From Growth to Prosperity: Policy Perspectives for Trinidad and Tobago," IDB Publications (Books), Inter-American Development Bank, number 34358 edited by Liliana Rojas-Suárez & Carlos Elías, February.
    21. International Monetary Fund, 2007. "Cyprus: Selected Issues," IMF Staff Country Reports 2007/071, International Monetary Fund.
    22. Hammermann, Felix & Flanagan, Mark, 2007. "What Explains Persistent Inflation Differentials Across Transition Economies?," Kiel Working Papers 1373, Kiel Institute for the World Economy (IfW Kiel).
    23. Artana, Daniel & Thomas, Wendell & Rojas-Suárez, Liliana & Navajas, Fernando & Bour, Juan Luis & Vignoles, Christopher & Brown, Dennis & Jaramillo, Fidel & Omar, Deryck & Balgobin, Rolph & Jessen, Ann, 2006. "From Growth to Prosperity: Policy Perspectives for Trinidad and Tobago," IDB Publications (Books), Inter-American Development Bank, number 278.

    More about this item

    Keywords

    Banks&Banking Reform; Financial Intermediation; Corporate Law; Non Bank Financial Institutions; Financial Crisis Management&Restructuring;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wbk:wbrwps:4006. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Roula I. Yazigi (email available below). General contact details of provider: https://edirc.repec.org/data/dvewbus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.